"Although already in motion pre-2020 due to the increased appetite for flexibility in office occupancy agreements since the Great Recession, the decision to pivot fully to a flexible-focused agency was secured by the effects of lockdowns and was officially announced in February 2023. With occupiers becoming more mindful in terms of office footprint and the time of team members, we continue to observe a 'flight to quality' in office space choices."
"The firm announced, in February 2023, its intention to pivot from a traditional office agency focused on brokering leased office space to one specialising in flexible workspace solutions, including managed office space, serviced offices and other forms of flexibly leased business space. Whilst still serving clients requiring leasehold office space to rent, the firm has evolved with the London market to focus on flexible workspace solutions, specifically high-end products that offer five-star amenities and first-class client service."
Mike Gardener has been promoted to managing director at Prestige Offices and will immediately oversee the firm's transition to flexible workspace brokerage. He will guide the agency's move from brokering leased office space to specialising in managed offices, serviced offices and other flexible leased business spaces, a pivot officially announced in February 2023. The firm will continue to serve clients seeking leasehold office space while prioritising high-end flexible products with five-star amenities and first-class client service. The shift reflects pre-2020 trends accelerated by lockdowns and a market-wide 'flight to quality' as occupiers favour collaborative, high-quality workplaces and flexible contracts amid economic uncertainty.
Read at London Business News | Londonlovesbusiness.com
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