Corporate Solutions at SOS
This week we catch up with Jonathan Weinbrenn , Head of Global Corporate Services at Search Office Space, about completing the biggest serviced office deal of 2014, as well as the general state of the flexible office market...
"I have been working with a major TMT client, since they launched their business 3 years ago, with 15 members of staff in London. They now have over 250 employees around the world and I have just relocated their London HQ to a new self-contained floor of over 11,500 sq ft of serviced space.
One of the key factors driving their search was finding a location that would enable the client to attract and retain the best talent in their sector. Securing space in the heart of buzzy Covent Garden, with its superb transport links and access to the area's facilities and like-minded occupiers, was a real bonus.
This is an exciting deal on number of levels; firstly, it’s a sign of continued confidence in the market, but more importantly, it emphasises that serviced and managed space can satisfy much larger and longer term requirements than the market generally perceives.
If the deal is structured correctly, the total occupancy costs can be extremely competitive over traditional leasing methods, whilst providing the occupier with much greater flexibility and control over their costs, as well as transferring risk.
This has been an exciting year for my department, last month completing the renewal of Groupon, with just under 50,000 sq ft of managed space in the City, as well as many other high profile and dynamic deals across the globe.
And with all of that activity in Q1 and Q2, we can’t wait to see what the rest of 2014 has to offer!"
About Jonathan Weinbrenn
Jonathan is a leading figure in the global flexible office market, transacting some of the most challenging and complex briefs.
He is an advocate of serviced, managed and 3rd Place solutions and speaks regularly about the sector, most recently addressing the EG Offices Summit and the FMP Event, both in London. Jonathan is the Head of Global Corporate Services at Search Office Space (SOS).
About Search Office Space's Corporate Service Department
Specifically geared to understand the needs of fast growing, dynamic global businesses and established corporations, SOS's Corporate Department has been pioneering the evolution of the flexible office sector. We listen, collaborate and create bespoke and innovative solutions for our diverse range of clients.
Clients we work with include Apple, Microsoft, Groupon, Standard Life, Reed Elsevier and Balfour Beatty.
To fins out more about SOS's Corporate Solutions, click here.