Virtual Office enquiries surge during the recession

Enquiries for virtual offices have increased markedly on 12 months ago, according to a recently published article from officebroker.com.  In fact June has seen a whopping 41% increase in enquiries. There are a number of likely contributory factors as to why there has been such a sharp increase.

Firstly it must be recognised that the virtual office is a great product for companies of all sizes. As the article points out, they are flexible, affordable and allow companies to get the benefits of a prestigious address as well as services such as call handling. All this is available at a smaller cost than renting a conventional office or a serviced office.  Additional services can includes meeting room use and range all the way up to database management in some instances.  A virtual office can be set up quickly, in many locations across the globe. They are also especially useful if setting up in another country.

It is also probable that a lot of new companies, some of which will have been formed due to redundancies, will opt for a virtual office as this requires the least amount of capital.  You could also argue that companies that needed to downsize, may now be using a virtual office as a means of keeping the business alive but with lower costs. There has also been a great deal of promotion of virtual offices and the serviced sector in general in the last 12 months.  This has come in the form of content appearing on provider and broker sites, and initiatives such as the Get Started campaign from Regus.  Regus also got a mention in the Sun Newspaper when CEO Mark Dixon announced his company would back the paper’s small business campaign with free office space.

The aforementioned reasons bode well for the future of the industry.  Why?  Because they get businesses on the “ladder” so to speak.  Once a company has used a virtual office, they are MUCH more likely to move up to a serviced office.  This is because they will have enjoyed the benefits previous mentioned and also will have a natural rapport with the centre which is providing the service, especially if it is a local one.  Give that the overwhelming majority of virtual offices are used by start ups, these are exactly the kind of businesses that will grow and require full workspace in the future.

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