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Demand Up For Serviced Office Space In South Africa’s Cities

Demand Up For Serviced Office Space In South Africa's Cities

Demand for serviced offices and co-working spaces have grown exponentially over the last year, with Pretoria residents leading the way in embracing this trend in South Africa. According to Mari Schourie, chief executive officer of The Workspace, which is expanding its operation at The Club in Hazelwood due to increased consumer demand, a year ago many people didn’t know about, or understand, the concept of co-working.

“Now, as we interrogate our marketing reports, we can see the demand for co-working has increased rapidly,” Schourie continues. “We have definitely noted Pretoria being ahead of the co-working trend. It seems to come more naturally to our Pretoria members. But I must add that co-working is picking up at each and every branch – you can definitely see the shift taking place.”

Blue Chip Companies Are Jumping On The Co-Working Trend

One would be forgiven for thinking it just be entrepreneurs, small businesses, freelances and start-ups using co-working spaces, but that isn’t the case. Blue chip companies are increasingly joining the co-working trend. What’s more, companies are also increasingly looking to satellite offices for staff, as it makes economic sense to use serviced office spaces.

A popular branch of The Workspace, The Club In Hazelwood has also seen significant expansion, as they signed up 100 new members in the year since launching in October 2016. Tenants are a few steps away from premium shopping experiences, celebrated restaurants and other favourable amenities such as gyms. These are only a few of the reasons why more and more companies are signing up for co-working and serviced work spaces.

It’s a growing sector, with many business owners, smaller companies and entrepreneurs also in search of larger spaces. Marketing and IT companies make up a large proportion of the tenant mix, as they also look for the better infrastructure allowing them to hit the ground running. Keep an eye on this sector and its significant growth over the years to come.

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