Space being such a precious commodity in London, the applications of our meeting pods are evermore sought after. Our meeting pods typically occupy a footprint which is 40% less than a comparable meeting room, this can save up to £6,000 per annum on London rental prices. We have an array of products which can be made completely customised to suit any office environment or application.
As City of London office prices rise, 3.5% to be specific this year, according to Savills latest City Office Market Watch report compared to 2017. The average Grade A rent in London now stands at £62.11 per sq ft compared to £60 last year.
According to Savills, total City take-up for the year to date has now reached 1.8 million sq ft, 10% down on the same point in 2017, but 10% up on the 10-year average. Total City supply stood at 7.4 million sq ft at the end of April, equating to a vacancy rate of 5.8%. Demand this year has been led by the insurance and financial services sector, professional services and tech & media. The serviced office sector has only accounted for 7% of take-up.
Meeting pods are now becoming common place in the workspace giving people the opportunity to meet and chat without distractions. Being in a comfortable area without being too formal helps improve productivity. Meeting pods are perfect in cases of office relocation and dilapidations. They minimalize the hassle of moving office partitions and flooring about, but also decreases the risk of damage costs in the office. Due to their versatility they can be moved with incredible ease during these times, allowing a faster and more cost affect solution in the current market!