Setting up a new company can be an exciting time for entrepreneurs and one of the first issues they need to consider is where they will base themselves from. In some cases, they can get away with operating from home. However, many start-ups need offices and serviced offices can be ideal.
They tend to offer greater flexibility than other working environments as tenants generally benefit from short-term leases, often with options to grow or shrink the space as needed.
It seems as though demand for these offices may be high among fledgling technology firms at present. A survey of tech start-up executives in the US and the UK conducted by Silicon Valley Bank revealed that many are planning to grow, potentially meaning they will need to take on more office space.
The research found that 87 per cent plan to hire new personnel this year. Meanwhile, software companies intend to do the most hiring in 2013, with 90 per cent predicting they will take on additional workers over coming months.
Commenting on the findings, Greg Becker, president and chief executive officer of Silicon Valley Bank, said: “Tech companies are a bright spot in the economy worldwide, which is evident from the significant number of start-ups in the US and the UK that expect to grow and hire this year.”
He added: “There is a lot of opportunity to put people to work at start-ups, which is particularly welcome news since jobs in general are recovering slowly. Investments in STEM [science, technology, engineering and mathematics] education and policies that support tech businesses will help people take advantage of jobs, and benefit economic growth overall.”
Often, these organisations have very specific requirements in terms of the business centres they occupy. For example, many tech firms want work in close proximity with similar organisations.