London Comes 1st in Top 25 Serviced Office Markets

According to a new report, London has come in at number 1 on the list of the top 25 serviced office markets in the world. Since 2008, the serviced office market has recorded an 18.5% rise in locations covered, meaning there is more serviced office space available to business.

London has 414 business centres which generate £517 per workstation, per month. In 2nd place is New York’s 103 centres, generating £515. Third place goes to Paris, with 100 centres, and the highest rate of £949 per workstation, per month – the most expensive of the world’s market.

The UK boasts the largest share of the global market with 36%, closely followed by the USA with 32%. Furthermore, the total number of serviced office centres worldwide now stands at 5,484, and is supplied by 2,388 providers – SOS being one of them!

Below is the definitive list of the Top 25 Serviced Office Markets:

1. London – 414 Centres - £517 p/m

2. New York – 103 Centres - £515 p/m

3. Paris – 100 Centres – £949 p/m

4. Hong Kong – 83 Centres - £431 p/m

5. Tokyo – 81 Centres - £841 p/m

6. Sydney – 78 Centres - £458 p/m

7. Manchester – 77 Centres - £276 p/m

8. Los Angeles – 74 Centres - £402 p/m

9. Atlanta – 72 Centres - £315 p/m

10. Melbourne – 68 Centres - £462 p/m

11. Shanghai – 67 Centres - £377 p/m

12. Birmingham – 65 Centres - £209 p/m

13. Dallas – 61 Centres - £311 p/m

14. Washington DC – 57 Centres - £531 p/m

15. Bristol – 49 Centres - £226 p/m

16. Dublin – 49 Centres - £352 p/m

17. Madrid – 47 Centres - £391 p/m

18. Houston – 45 Centres - £336 p/m

19. Singapore – 44 Centres - £485 p/m

20. Miami – 44 Centres - £358 p/m

21. Glasgow – 42 Centres - £235 p/m

22. Chicago – 39 Centres - £493 p/m

23. Leeds – 39 Centres - £279 p/m

24. Edinburgh – 39 Centres - £308 p/m

25. Toronto – 38 Centres - £436 p/m

To find out more about office space in London, talk to Search Office Space now on 0800740 80 80 to discuss your requirements.

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