Good Information Articles |
Stop Parking Domain Names Develop Your Domain Names |
|||||||
MWB Business Exchange Reports City Looking to Flexible Leases Post Credit-Crunch
(PRWEB) March 5, 2008 -- Banks and financial services companies in London have made a clear move towards flexible serviced office space with a 74 per cent increase in take up over the last year, a trend that is expected to continue in the post credit-crunch environment as the sector attempts to manage its property risk, according to research published by MWB Business Exchange.
Financial services companies and banks have increased their number of workstations in Canary Wharf (http://servicedoffices.mwbex.com/serviced-office/canary-wharf.html ), the City (http://servicedoffices.mwbex.com/serviced-office/cityoflondon.html ) and the West End (http://servicedoffices.mwbex.com/serviced-office/westend.html ) by three quarters, when compared to this time last year, with the desire to be more flexible driving the take up throughout London.
John Spencer, CEO, MWB Business Exchange, commented, "The banking and finance sector is very cyclical, and we are already beginning to see the fall-out from the recent credit-crunch with major investment banks announcing staff cuts. The traditional leased office model is not helpful if you want to expand and contract with the markets, and is an unnecessary risk for companies to take on, which is why so many are choosing the more flexible and risk adverse route."
Spencer continued, "Ten, fifteen or twenty year leases are a substantial burden on facilities managers, who must account for the use of physical space, and finance directors who have to account for the liability on the balance sheet. We fully expect the use of serviced offices (http://servicedoffices.mwbex.com/index.html ) to continue to rise as companies use them as part of their expansion strategy."
The research also showed the communications industry take up of serviced office space (http://servicedoffices.mwbex.com/index.html ) rose by 49 per cent, Government and public sector increased by almost a third (32 per cent), IT increased by 15 per cent and recruitment by 10 per cent.
About MWB Business Exchange MWB Business Exchange provides five star serviced offices under the Business Exchange brand as well as a more regionally biased mid-market offer from City Executive Centres. Business Exchange is focussed on Greater London with a majority of its centres in larger prime West End and City buildings. As well as the best locations and high quality fit out, MWB Business Exchange focuses on the client rather than MWB Business Exchange. That's why MWB Business Exchange provides the highest staff-client ratio in the industry and constantly tries to improve the experience provided to clients. The support of friendly, enthusiastic and well-trained people enables MWB Business Exchange clients to excel and get on with running and growing their businesses.
###
This press release has been reprinted from PRWEB per the terms and conditions of the copyright notice.
Other Article Sites findabook.com moneycd.info a-mortgage.info
about-lemon-laws.info aboutstudentloans.info |
MORE ARTICLES: Home Remedies To Whiten Your Teeth Do you want to get your teeth whitened but you are wary about the effect the bleaching would have on your teeth? Not to worry. When there is a will, there is a way. Why not try home remedies for teeth whitening that can be as good as any professional teeth whitening process. Before you learn about what whitens your teeth, find out what causes your teeth to get discolored/ stained:
5 Essential Traits Of A Home Business Website
Cedar Log Home Builder in Texas: Building Your Dream Home the Way it Should be
Pure Networks Unveils Latest Version of Network Magic, All-In-One Home Network Software to Keep Computers, Printers and Other Devices Working Together
Success In Online MLM Business
This Information Is Available Free On Internet For Breast Enlargement
How Direct Marketing Can Benefit Your Network Marketing Business
Travel Alberta Offers Online Culinary Tourism Directory
Act Now Before Spyware Kills Your Internet & Computer
Country Life Vitamins Promotes Improved Health for Celiacs
Internet Access For Day-Trading Expats
Learn Travel Tips That Will Keep You Safe
The Most Outrageous Travel Stories of Winter 2008 Selected by Adirondack Towels and Scrubs
Finding the Best Home Improvement Loan Rate
What To Do If Your Child Is Homesick At Summer Camp
|
|||||||
| Develop Your Domain Names | Site Map | Home | ||||||||