There is an inherent tension between the needs of the Tech industry and that of the larger landlords. Tech companies need to remain agile to adapt to their ever-changing market place whilst landlords value stability and a nice steady income, above all else. Yet they know the biggest growth in the next few years will come from tech firms, especially in London and the Thames Valley. SMEs are changing the way they manage their exposure to the property they occupy. They think in much shorter timelines, which at its most extreme is on a quarterly rolling basis and rarely more than a 2-year cycle in the early stages of growth. As such, the “non-traditional” leasing sector that is suited to this type of occupier has seen a meteoric rise over recent years, leading commentators to suggest that by 2030, 30 per cent of all office space will be let under “non-traditional” or “flexible” leases. However, I am finding that despite … [Read more...] about Can tech companies remain agile within the framework of a traditional office lease?
Rent office space london
It's hard to imagine a group less likely to have voted for Brexit than the people running London's tech start-ups.International, smart, metropolitan: London's tech entrepreneurs might be just those 'citizens of nowhere' who were criticised by Prime Minister Theresa May in a speech a few months after the UK voted to leave the EU. But they have also provided much of the energy behind the capital's tech start-up success story over the past few years. And many are now trying to figure out what to do next.About a third of London's tech workers are from beyond the UK, and around one in five is from the European Union (so many of them weren't eligible for a vote in the referendum anyway). Start-ups with teams made up of a dozen or more nationalities are common in the capital.Before the referendum in June 2016, a poll of the UK's tech executives found that 70 percent wanted to stay in Europe and only 15 percent said they wanted to leave. After the vote techUK, the industry group that conducted … [Read more...] about The Brexit dilemma: Will London’s start-ups stay or go?
The city council bought the Lloyds bank building for £6.8m. Picture: ANTONY KELLY Archant Norfolk 2015 Councils are pouring millions of taxpayers’ pounds into commercial property to make up for money lost by government cuts. The city council is investing £40m in commerical property but has so far kept its investments secret. Picture: ANTONY KELLYNorwich City Council is snapping up £40m-worth of shops and offices and spent £13.4m last year on buildings to rent to businesses last year.It has not told the public what it has bought or for how much. But research by this newspaper reveals the council bought a block of shops on London Street for £9.4m in April.And late last year it splashed out £6.8m buying Lloyds Bank on Gentleman’s Walk. Norwich City Council bought this block of shops on London street for £9.4m. Picture: Mark BullimoreMore big deals are in the pipeline. The council’s cabinet is meeting on Wednesday to approve a large … [Read more...] about City council snaps up Norwich shops and offices on £40 million spending spree
Rosie Perper, provided by Published 7:25 pm, Thursday, April 19, 2018 Shutterstock A car space in Hong Kong's Kowloon district is being rented for or HK$10,000 (US$1,274). This appears to be the most rent ever paid for a Hong Kong parking space, costing more than some of the city's smallest apartments. Hong Kong continues to break records for its high cost of living. among the priciest in the world, with record-breaking apartments being sold for well over $70 million. Recommended Video: Now Playing: Think you're forking over way too much cash for your apartment? You might be shocked to learn what your boss is paying in rent for your office cubicle! London-based estate agency Knight Frank studied property values across 40 different cities for its "2018 Global Cities" report...and it's numbers are staggering. The report looked at how much office space one could buy for 100 million U.S. dollars. The most expensive cities were....#1 Hong Kong, … [Read more...] about Hong Kong is so expensive that a single parking space just broke a property record
Kista, sometimes called the 'Silicon Valley of Sweden'. File image: Regus This content was paid for by an advertiser and produced by The Local's Creative Studio 1 February 2016 09:10 CET+01:00 Downtown Stockholm is brimming with hip startup hubs and snazzy international headquarters. But as the city’s tech scene is soaring to new heights and the business climate gets hotter than ever, interest in the Swedish capital’s easily accessible inner-ring suburbs is on the rise. Take Kista, for example, just a short drive away from downtown Stockholm. “Kista is the IT mecca of Sweden,” says Patrik Ölvebäck,country manager for Regus offices in Sweden, referring to a tech cluster just north of downtown known as the ‘Silicon Valley of Sweden’. “There are lots of international companies in the area, and they are attracting other large international companies but also small companies, one-person companies, consultants, and so … [Read more...] about Kista: The best office space in Sweden?