Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Regus offer tenants a solution to shrinking office space

Regus offer tenants a solution to shrinking office space


With the tightening of the Wellington office market comes the rise of serviced office providers. Vacancy in Wellington peaked at 11.5% in December 2012, on the way downward prime vacancy reached 6% in December 2013 and now sits at a low of 2.8%. In this tight market, tenants are faced with few options and are drawn to the flexibility of serviced office solutions.

With tenant options continuing to shrink in the Wellington office market topped with increases in demand, further strengthening of rents are anticipated in the near future. Those tenants not wanting to commit to a long-term agreement but still needing short-term office space are now presented with a flexible alternative option, ‘mobile working’. Regus, the world’s largest serviced office provider, have recently found a new location for their second flexible workplace solution site in Wellington.

In a market where A-grade space is diminishing, Regus has expanded their network in New Zealand and are now opening up their second site in levels 31 & 32 of Plimmer Tower, 2-6 Gilmer Terrace, Wellington. National Manager of Regus, Nick Bradshaw says, “Regus is looking to expand its network in New Zealand in order to cover the ever growing population of ‘mobile workers’ and the uniquely diverse national and international business travellers.”

Regus’ flexible workplace solutions sites offer professionally furnished workspaces fully equipped with the latest technology services for single professionals as well as teams. In addition to their first flexible workplace site in Wellington at Level 15, 171 Featherston St, Regus have taken up the top two floors at their new site in Plimmer Tower. Stu Turnbull, JLL’s Commercial Sales and Leasing Broker, who worked closely with Regus for 18 months to find them the suitable space for their second Wellington site says, “The building has undergone a refurbishment costing in excess of $5 Million dollars, presenting it as an excellent option and currently has an NBS rating of just over 70%. With iconic views over Wellington city, this building represents excellent value and seismic reassurance”.

Turnbull continues, “At a time where vacancy is tightening in the Wellington market and the supply of quality space is at a premium and diminishing, as a solution, tenants are trending towards flexible and collaborative working spaces. Plimmer Tower was the obvious choice for Regus as the building is seismically sound provides a spacious modern working space and 360 degree views of Wellington.”


ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Season Ends: Is Whitebaiting Sustainable?

The whitebait fry - considered a delicacy by many - are the juveniles of five species of galaxiid, four of which are considered threatened or declining. The SMC asked freshwater experts for their views on the sustainability of the whitebait fishery and whether we're doing enough to monitor the five species of galaxiid that make up whitebait. More>>

ALSO:

Crown Accounts: Smaller-Than-Expected Four-Month Deficit

The New Zealand government's accounts recorded a smaller-than-forecast deficit in the first four months of the fiscal year on a higher-than-expected inflow of corporate and goods and services tax. More>>

ALSO:

On For Christmas: KiwiRail Ferries Back In Full Operation After Quake

KiwiRail’s Interislander ferries are back in full operation for the first time since the Kaikoura earthquake, with the railspan that allows rail wagons to be loaded on the Aratere now restored. More>>

ALSO:

Comerce Commission Investigation: Prosecutions Over Steel Mesh Labelling

Steel & Tube Holdings, along with two other companies, will be prosecuted by the Commerce Commission following the regulator's investigation into seismic steel mesh, while Fletcher Building's steel division has been given a warning. More>>

ALSO:

Wine: 20% Of Marlborough Storage Tanks Damaged By Quake

An estimated 20 percent of wine storage tanks in the Marlborough region, the country’s largest wine producing area, have been damaged by the impact of the recent Kaikoura earthquake. More>>

ALSO:

ACC: Levy Recommendations For 2017 – 2019 Period

• For car owners, a 13% reduction in the average Motor Vehicle levy • For businesses, a 10% reduction in the average Work levy, and changes to workplace safety incentive products • For employees, due to an increase in claims volumes and costs, a 3% increase in the Earners’ levy. More>>

Women's Affairs: Government Accepts Recommendations On Pay Equity

The Government will update the Equal Pay Act and amend the Employment Relations Act to implement recommendations of the Joint Working Group on Pay Equity. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news