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Businesses looking for space in Essex and Suffolk as part of ‘hub and spoke’ strategy

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Many commercial property occupiers are reassessing their requirements and looking for premises in Essex and Suffolk while keeping a smaller base in London, according to agent Fenn Wright.

Partner Alistair Mitchell said: “The Covid-19 pandemic has led to a significant change in working patterns with a large number of businesses now embracing alternative solutions. Speaking to occupiers it is clear that a variety of options are being carefully considered to improve productivity and reduce overheads, whilst creating new recruitment opportunities and providing staff with a better work-life balance.

A number of business owners we have spoken to have identified that a ‘hub and spoke’ strategy will be the way forward for them in the future, retaining a smaller London base coupled with strategically located regional offices, close to where their employees live.” One new development being built in Needham market, Chesters (photo), offers an opportunity for businesses looking to secure offices likely to come to the market in the area, is available from early next year.

Last Updated ( Monday, 19 October 2020 09:33 )