Citibase has opened serviced offices in Green Park and Victoria, tripling its footprint in central London.
Citibase London Green Park, at 1-6 Yarmouth Place, W1, provides 300 workstations across 17,000 sq ft.
The Victoria Palace Street centre, at Audley House, 13 Palace Street, SW1, will offer up to 240 workspaces across 11,000 sq ft. The premises is being refurbished in the style of a boutique hotel.
The workspaces will inject supply to meet growing demand for flexible leases.
The latest Citibase Business Confidence Index surveyed more than 1,100 SMEs across the UK, and found that two-thirds of managers and directors preferred a lease term of less than three years.
The announcements come as the company reveals record annual results, with earnings up by 23% and total revenue up by 7% to £21.25m.
Citibase chief executive Steve Jude said: “Our results mean we are in a position to broaden our offering to London businesses, which, after the shock election result and political repercussions, more than ever before don’t want to be shackled to long-term commitments.
“The world of work has changed forever, but the way we view office space is also changing. This has resulted in a huge growth in flexible workspace, which will only be heightened by the political mayhem triggered by the election.”
Citibase’s now has 36 serviced offices in the UK.
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