For years, demand for office space traditionally tended to be higher in the big cities, with companies vying for that all-important high-profile address, well served by public transport and boasting all the benefits of a trendy location with its array of after-work-attractions. However, there's a significant shift going on. Companies are starting to favour suburban areas over inner-city hubs, and it's a trend that's only intensified in the wake of the COVID-19 pandemic. Let's take a look at what's happening in the world of office space demand, and discover why, for businesses on the hunt for a suburban office to let, Croydon could make the ideal location.
Workthere says that there has been a switch in office demand, with occupiers looking for suburban space taking the lead. And IWG, the world's largest flexible workspace provider, believes that the newly developed apprehension to commuting, brought about by the coronavirus pandemic, has super-charged the desire for offices in smaller towns.
Whilst a move towards the 'hub-and-spoke' model was already gaining traction before the pandemic kicked in, the crisis has only added fuel to its journey. In this way, organisations set up their headquarters in big cities like London and then dot smaller satellite offices throughout the surrounding regions.