No sign of falling confidence as the virtual office model holds up well
Despite all the talk of a recession, and a hard recession at that, there is no sign of a drop of in demand for virtual offices, certainly within the London market.
In chatting with other virtual office providers, we have seen a marked increase in the number of new companies that are signing up for virtual office services.
One of many reasons why this is the case seems to be that small business owners are starting to hoard cash, and are looking at ways to save costs to ensure that their company survives this market downturn. It certainly makes sense for a small company to use a virtual office is they are currently renting a premises that is only being used part of the time.
Another reason we are hearing from new clients is that they are taking the opportunity now to test new markets, as they fear that their current markets may reduce demand for their services or products.
Tags: business survival, falling confidence, London virtual office, recession, virtual office
August 12th, 2008 at 4:03 pm
My company used one of the Targetspace serviced offices at St Mary Axe to give off the right impression to a client and can honestly highly recommend them - very professional and did the job for me as we sealed the contract at the meeting!
These offices are perfect for SME’s and start-up’s on a budget. I hope they keep running as I intend to use them in the future.