The UK’s serviced office market could see a sixfold increase in value over the next 10 years, according to a new report from Nottingham Trent University and Capital Economics.
The sector, currently valued at £16bn to £19bn, could see its value increase to £126bn by 2025, according to the Office Space in Town commissioned report.
Michael White, professor of real estate economics at Nottingham Trent University, said: “The serviced office sector has the scale and prospects to be considered as a property class in its own right. But without a definitive guide on serviced offices’ valuation, the strength of the market risks being overlooked.”
The Serviced Offices: A new Asset Class report says the UK is the largest and most mature serviced office market globally, accounting for 36% of the international market and home to around 2,300 serviced office centres nationally
