Workspace Group’s numbers nudged up over the past quarter, despite the government’s work-from-home guidance.
In a trading update this morning, the London-focused flexible office provider said like-for-like occupancy was up by 1% over the quarter to 86.6%, and the rent roll had risen by 2.3% to £89.3m.
The group said it had £225m of cash and available facilities, which would allow it to “invest in the project pipeline and acquisition opportunities”.
CEO Graham Clemett said: “It has been a good quarter, with continued positive momentum in occupancy and pricing. We are seeing strong demand for our space, with good levels of enquiries, viewings and lettings despite the renewed work-from-home guidance issued by the government in December.”
Enquiries were up considerably, from a monthly average of 672 to 831, while lettings crept up from 109 to 117 a month.
He added that SMEs appeared to be “looking through the current short-term uncertainty to choose the right space for their business longer-term”.
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