Agency triumvirate combines to create London flexible office initiative
23 March 2018
Three leading agents across key central London markets have combined to provide a new flexible offices consultancy which will work with both the providers and customers of serviced and co-working space Farebrother, Tuckerman and Union Street Partners – who are respectively the leading office agents in the Midtown, Victoria and South Bank markets – have created the Flexible Office Space platform which will be led by service office expert, Adrian Goldney.
Farebrother’s Charles Thompson comments: “With this initiative, we aim to address both sides of the flexible offices equation across the ‘engine room’ of the London office market. Together the Midtown, South Bank and Victoria markets have the biggest aggregation of serviced office centres and flexible working space in the capital. For occupiers, there is now a wide range of choice while providers are having to be increasingly competitive to secure customers. “We believe our market expertise and knowledge in these locations can create an essential resource for all parties involved in this area of office provision.” Serviced office operators have been the largest acquirers of office space in London during 2017 but the levels of pricing and facilities provided vary markedly.
Mark Fisher of Tuckerman comments: “In addition to advising occupiers – from start-ups to major plcs – on how to access the space which suits their precise needs, we’ll also be working with landlords who want to develop their own flexible offer’ and also corporate occupiers who can use demand from this sector to absorb space which is surplus to their requirements.
Adrian Goldney has worked in the sector since 2011 with Cluttons’ Flexible Office consultancy and has developed a specialism of connecting businesses seeking short-term space with organisations looking to optimise unused space. He comments: “Co-working and the demand for medium-term, project-related space is a trend that is emphatically here to stay but is creating an increasingly complex London office market which requires expert guidance to navigate successfully.
“Bringing together flexible office expertise with the huge knowledge bank of Farebrother, Tuckerman and Union Street Partners will provide an unrivalled platform for both providers and occupiers.” The South Bank has become a particular target destination for serviced office operators.
Simon Smith of Union Street Partners comments: “In the past year we have let around 220,000 sq ft to WeWork, Pennine Way, and Halkin alone. The South Bank is becoming a key serviced office hub in London”.