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.”


© Scoop Media

Business Headlines | Sci-Tech Headlines


Postnatal Depression: 'The Thief That Steals Motherhood' - Alison McCulloch

Post-natal depression is a sly and cruel illness, described by one expert as ‘the thief that steals motherhood’, it creeps up on its victims, hiding behind the stress and exhaustion of being a new parent, catching many women unaware and unprepared. More>>


DIY: Kiwi Ingenuity And Masking Tape Saves Chick

Kiwi ingenuity and masking tape has saved a Kiwi chick after its egg was badly damaged endangering the chick's life. The egg was delivered to Kiwi Encounter at Rainbow Springs in Rotorua 14 days ago by a DOC worker with a large hole in its shell and against all odds has just successfully hatched. More>>


Trade: Key To Lead Mission To India; ASEAN FTA Review Announced

Prime Minister John Key will lead a trade delegation to India next week, saying the pursuit of a free trade agreement with the protectionist giant is "the primary reason we're going" but playing down the likelihood of early progress. More>>



MYOB: Digital Signatures Go Live

From today, Inland Revenue will begin accepting “digital signatures”, saving businesses and their accountants a huge amount of administration time and further reducing the need for pen and paper in the workplace. More>>

Oil Searches: Norway's Statoil Quits Reinga Basin

Statoil, the Norwegian state-owned oil company, has given up oil and gas exploration in Northland's Reinga Basin, saying the probably of a find was 'too low'. More>>


Modern Living: Auckland Development Blowouts Reminiscent Of Run Up To GFC

The collapse of property developments in Auckland is "almost groundhog day" to the run-up of the global financial crisis in 2007/2008 as banks refuse to fund projects due to blowouts in construction and labour costs, says John Kensington, the author of KPMG's Financial Institutions Performance Survey. More>>


Health: New Zealand's First ‘No Sugary Drinks’ Logo Unveiled

New Zealand’s first “no sugary drinks logo” has been unveiled at an event in Wellington... It will empower communities around New Zealand to lift their health and wellbeing and send a clear message about the damage caused by too much sugar in our diets. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news