Space is the final frontier for companies moving to centre
Traditional lease agreements lock companies into fixed terms which can prevent them from responding to the market by easily upsizing, downsizing or moving on. Many owners consider this a business liability and paying for wasted space reduces overall profitability.
An increasing number of companies are choosing to base themselves in business centres with flexible terms and a variety of different sized units, allowing them to maximise opportunities without overstretching their budgets. There are no legal costs as units are let on licence agreements. Keeping the same address and telephone number when they move units means there is no need to change marketing literature or send out new contract details.
Informed Financial Advice, a company proviving independent financial advice and established in 2006 moved to the Innovation Centre in St Leonards when their office lease came up for renewal. "Moving into the Innovation Centre has allowed us to occupy an office that's exactly the right size for our needs - we are not paying for space we don't use, which has had a direct and positive impact on our bottom line," says Darryl Tribbeck.
"As we have taken on new staff we have been able to take additional space with very little notice. Knowing the Centre can meet our future space requirements as we grow is very reassuring."
Jenny Haley, commercial manager at the Innovation Centre said "We are finding that companies moving into the centre are coming from traditional leased premises.
"The main reasons they give for their decision are the flexibility to move round the centre as their needs change; the full management of the premises; and the high quality of the offices, reception and meeting spaces."
Visit www.innovationcentrehastings.com to find out more.
25 Sep 2009