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Local expert Mark Carron is convinced of the popularity and effectiveness of serviced offices when it comes to offering small businesses the chance to get their operations off the ground.
“There appears to be a growing demand for this type of office accommodation offering an easy set-up, flexible leasing terms, no service or repair charges to list just a few of its benefits,” he told the Belfast Telegraph.
The financial burdens involved with a move to serviced office space can also be less weighty than with traditional leasehold properties, which can play in the favour of smaller firms who are keen to keep their overheads to a minimum.
A consultant for the locally-based real estate advisor Osborne King, Mr Carron was speaking after deals were successfully negotiated on 22,000 sq ft of serviced office space at a single site in the centre of Belfast.
The seven-storey office block at 20 Adelaide Street in the city’s main business district is to be occupied and sub-let by the serviced office supplier Abbey Business Centres.
Osborne King’s outlook for the Belfast office market in 2011 revealed some concern over the prospect of diminished demand from the public sector but there were some positive signs from the private sector, with sizeable rental deals agreed with the New York Stock Exchange and Grafton Recruitment in recent months.
Editor’s notes: Following the publishing of this story, it was announced that Abbey Business Centres was no longer trading and some of its portfolio had been acquired by serviced office space provider Regus
20 Adelaide Street was not one of the properties acquired as this was taken over by Premier Business Centres which, as of May 2023, were not operating and hadn’t been for some time.
Office space remained available at 20 Adelaide Street but on a leased offices basis with deals being completed in May 2023 with both Treliant and Wellington IT signing 10-year leases.
Flexible serviced offices space was available at another property on Adelaide Street offered by Belfast flex space provider Titanic Suites
The experienced operators offered highly-equipped modern workspace solutions within a former linen mill such as furnished serviced office suites, meeting rooms and interview studios.