A Serviced Office in an office development can provide the heartbeat to promote take up and growth of other occupiers. By entering into a JV with Clarendon we could ensure the building has flex space, co-working and meeting areas for the tenants to use and so enable them to take longer lease commitments and keep overheads down. The Landlord would also benefit from a good yield from the serviced offices and share in the growing industry.
The lights go on and no-one is home. The agents are instructed but the job is far from done. We have learned in the serviced office industry that whilst the foundations might have been laid, this is when the work starts. Get this right and it is when you can delight your customers, when you can listen to their requirements and deliver them the best product you can. The landlord must arm the agents with space to entice and engage with prospective occupiers.