London comes first in poll of the top 25 serviced office markets in the world.
Research reveals that London is the global market leader in serviced office space.
According to a new report revealed this week, London has come in at number one in a poll of the top 25 serviced office markets in the world.
Since 2008 the serviced office market has recorded an 18.5% rise in locations meaning there is more commercial property available for businesses.
Currently London has 414 business centres which generate £517 per workstation per month, whilst New York comes in 2nd place with just 103 centres generating £517 per month.
Paris has the most expensive office space on the world’s market with 100 centres at £949 per month.
The poll revealed that the UK boasts the largest share of the global market with 36%, closely followed by the U.S. with 32% market share.
Manchester made the list at seventh with 77 centres at £276 per month, Birmingham came in at 12th with the cheapest work space on the list of 65 centres at £209 per month, whilst Bristol came 15th with 49 centres at £226 per month.
Glasgow, Leeds and Edinburgh also made the top 25 list ranking 21st, 23rd and 24th places respectively.
Serviced offices are favoured by many businesses due to their strong service support staff and the all inclusive maintenance packages that many offer. They are also popular due to their low start-up costs and flexible lease agreements making them ideal for young companies and business start-ups or those looking for temporary office accommodation.