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With 9-5 working patterns a thing of the past for many, workers are increasingly looking for flexibility in where and how they work. At a recent CoreNet event debating the effect of technology on the demand for real estate over the next five years, the panel were asked ‘if technology will mean less, the same or more space?’ The answers from the panellists were mixed with Tim Field, a partner at law firm DLA Piper noting that it cannot be judged so broadly as for some professions – such as law firms – it is essential to be front and centre, whereas for other businesses merely having access to a smaller hub for face-to-face interaction with colleagues and using technology to host meetings with clients is much more efficient.
However, the boom in new flexible working environments isn’t only due to technological advances and new ways of living, but also because of market uncertainties and a desire to scale up or down if needed.
SMEs – which account for 99% of all UK businesses – are one of the biggest drivers of private sector employment growth which has undoubtedly fuelled the need for shorter, flexible leases and led to an uptake of serviced offices and co-working spaces. But they’re also not alone, with recent research published by FMJ showing that corporate occupiers are set to become the mainstay of flexible work environments as they move away from long leasehold agreements in favour of more dynamic spaces that will accommodate them at different stages of growth.
At RAD, our buildings have been designed with flexibility in mind, with a range of sizes to support businesses at different stages of their development. For more information on offices at RAD Phase 1, contact our agents.
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