The increasing importance of serviced offices as a competing land use in global cities
Reed, Richard and Stewart, Kay 2003, The increasing importance of serviced offices as a competing land use in global cities, in PRRES 2003 : Proceedings of the 9th Annual Pacific Rim Real Estate Society Conference, Pacific Rim Real Estate Society (PPRES), [Brisbane, Qld.], pp. 1-13.
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PRRES 2003 : Proceedings of the 9th Annual Pacific Rim Real Estate Society Conference
Pacific Rim Real Estate Society (PPRES)
Place of publication
Once considered a relatively low key land use in central business districts, the number of serviced offices has increased dramatically in recent years. The factors driving the demand for serviced offices have changed, and the suppliers of this service have reacted quickly to meet these needs. This trend has been assisted by the expansion of a select number of multi-national companies that specialise in the provision of serviced offices, available in a flexible range of office types and costs. This paper considers the reasons behind the rapid growth in the serviced office market, and examines the role of both the user and the provider. Attention is focused on the global marketplace and how these changes have been transformed into the Australian central business districts. The information will be of benefit to property analysts, developers and investors, especially when seeking an alternative use of existing traditional office accommodation.
Field of Research
150403 Real Estate and Valuation Services
Socio Economic Objective
900299 Property, Business Support Services and Trade not elsewhere classified
HERDC Research category
E2.1 Full written paper - non-refereed / Abstract reviewed
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