Global companies continuing to look to the south-eastOctober 15th, 2012 Category: Building Management
Many businesses around the world are continuing to establish a presence in south-east England, a new report has revealed.
According to Knight Frank, there have been a number of big deals in the region over the last few months.
For instance, it noted Huawei recently took out a lease for 139,239 square feet of commercial property at Green Park in Reading.
Meanwhile, IMG moved into more than 100,000 square feet of space at Stockley Park in the Heathrow area.
This helped to ensure the take-up of office space in the M4 corridor went up by 44 per cent between July and September, when compared with the amount recorded in the previous three-month period.
Emma Goodford, head of south east offices at Knight Frank, commented: "Huawei's recent expansion at Green Park demonstrates the south-east's ongoing attractiveness as a base for ambitious global companies across a diverse range of sectors."
This certainly suggests that facilities management specialists will be in demand over the next few months, as businesses from various industries will need to ensure their premises are in top condition so they can concentrate on delivering their core goods and services.
Many firms have found outsourcing tasks such as office cleaning pays dividends in the end, as it is a cost-effective way of benefiting from the skills, resources and expertise they need without going to the expense of having them in-house.
This could be particularly advantageous given the fact Knight Frank believes the supply of new and Grade A commercial property is "tightening" in south-east England at the moment.
Ms Goodford believes this could push up rents in key areas such as west London and the Thames Valley between now and 2015, which could put a strain on the finances of some firms based in these locations.
With the current economic climate forcing firms to aim to deliver more for less, bringing in external office cleaning specialists can be a great way to balance the books.
Knight Frank added that much of the current activity in the south-east's commercial property sector is being driven by firms in the technology sector. Indeed, the organisation stated that the industry has been "bucking the global economic headwinds" for the last two years.