Moving in: The industry will benefit from an increasing number of telecommuters

The Serviced Office Leasing industry struggled during the recession when corporate profit declined and businesses closed. However, as the economy recovered, the industry experienced an uptick in demand for its services. In the five years to 2021, revenue will continue to grow as the number of telecommuters in the workforce increases...read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 11-16
12.7%
Forecast Growth 16-21
Profit
Employment
3,358
Businesses
868
Market Share of Companies
What Our Customers Say

Industry Threats & Opportunities

  • The industry will benefit from a workforce that includes more telecommuters who rely on virtual office spaces and conference rooms
  • Given the changing business environment, companies are more in demand of flexible workspaces
  • Businesses will turn to serviced office leasing providers that provide cost-effective alternatives to traditionally leased spaces
  • Industry Report - Industry SWOT Analysis Chapter

    The Serviced Office Leasing industry is in the growth stage of its life cycle. Industry value added, which measure's the industry's contribution to the economy, will rise at an estimated average annual rate of 7.5% from 2011 to 2021. GDP will grow at an annualized rate of 2.2% during the same period, indicating that the industry is growing faster than the economy as a whole.Businesses are increasingly turning to industry companies to rent or lease workspaces, including fully furnished offices, virtual offices and conference rooms. Renting or leasing office space is a cost-effective alternative to buying commercial property. In ...purchase to read more.

    Additional Insights for the Serviced Office Leasing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Serviced Office Leasing Industry are

  • Access to the latest available technology
  • Aggressive marketing
  • Ensuring pricing policy is appropriate
  • IBISWorld analysts also discuss how external factors such as Corporate profit and Number of businesses in the Serviced Office Leasing industry impact industry performance..

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    What is the Serviced Office Leasing Industry?

    Establishments in this industry rent or lease fully furnished office space to businesses on a part-time or as-needed basis to a myriad of businesses, ranging from start-ups to Fortune 500 companies. The industry also provides virtual office and conference room leasing options. Companies that provide conventional commercial leasing options are excluded from this industry.

    Industry Products
  • Serviced office services
  • Virtual office services
  • Conference room services
  • Industry Activities
  • Lease or rent fully furnished workspaces
  • Lease or rent virtual offices
  • Lease or rent conference and meeting rooms
  • Provide telecommunication services to leasees
  • Provide other business services to leasees
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Corporate profit
  • Number of businesses
  • Demand from professional, scientific and technical services
  • Business sentiment index
  • Office rental vacancy

  • Current Performance
  • Rising demand
  • Rebranding
  • Competition
  • Chart: Revenue Growth

  • Industry Outlook
  • Growing demand
  • New workforce
  • Growing profit
  • Table: Serviced Office Leasing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Serviced Office Leasing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Information
  • Real Estate and Rental and Leasing
  • Professional, Scientific and Technical Services

  • Key Selling Industries
  • Commercial Building Construction
  • Computer & Packaged Software Wholesaling
  • Copier & Office Equipment Wholesaling
  • Furniture Wholesaling
  • Internet Service Providers

  • Products & Services
  • Serviced office services
  • Virtual office services
  • Other
  • Conference room services
  • Chart: Serviced Office Leasing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Businesses with 5 to 19 employees
  • Businesses with 100 or more employees
  • Businesses with 1 to 4 employees
  • Businesses with 50 to 99 employees
  • Businesses with 20 to 49 employees
  • Chart: Major Market Segmentation for the Serviced Office Leasing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Serviced Office Leasing

  • Basis of Competition
  • Internal competition
  • External competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Serviced Office Leasing Industry

  • Industry Globalization
    Regus PLC
  • Table: Regus PLC - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Serviced Office Leasing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Serviced Office Leasing Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Percentage of services conducted online (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Electric Desk
  • A desk that is wired for electronic devices and their power cords.
  • Serviced Offices
  • Serviced offices are fully furnished workspaces that vary greatly in size and equipment; they are also known as executive suites.
  • Virtual Office
  • An office not physically constrained by actual walls or housed within a building.
  • Why buy this report?

    IBISWorld’s industry research report on Serviced Office Leasing contains five-year forecasts and data analysis that can help you identify and mitigate risks in potential new markets. Position yourself as an expert with internal stakeholders by using our comprehensive industry research to inform your reports, proposals and presentations. Our business information will save you money by helping you make better decisions, faster.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Serviced Office Leasing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Serviced Office Leasing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Serviced Office Leasing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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