This is why Space-as-a-Service is in demand!
Episode 2 of Work Bold Podcast:
This is why Space-as-a-Service is in demand!
Lucy Watts :
This is why space as a service is in demand!
Background:
Lucy is responsible for key strategic projects across The Instant Group. With over 12 years’ experience and a wealth of industry knowledge, Lucy previously headed up the broking division working with both SMEs and large corporates to help them locate and acquire office space worldwide. She has built long-standing relationships with many of our key operator partners across the globe, to ensure we have the knowledge and market expertise to deliver valuable solutions for our clients. With a proven track record in managing teams, Lucy is adept at getting the best out of people.
She has contributed to the significant growth of not just the serviced office procurement team - which includes regional market specialists around the world - but also the business as a whole, which has witnessed an annual growth of 23% for the past four years. Joined The Instant Group: 2006
This is why Space-as-a-Service is in demand!
Lucy Watts: Senior director - strategic projects Lucy is responsible for key strategic projects across The Instant Group. With over 12 years’ experience and a wealth of industry knowledge, Lucy previously headed up the broking division working with both SMEs and large corporates to help them locate and acquire office space worldwide.
There are currently 6,000 flexible workspaces in the UK but 4,000 providers. So, whilst the big brands are growing they still only have a small market share. The demand for hybrid space (a mix of coworking and private offices) is increasing by 25% in 2019.
Did you know that 80% of the UK population live within 30 minutes commute of a flexible workspace, Carsten Foetsch, recently, revealed that 52% of coworking spaces are profitable but if you are have been open more than a year, have over 200 members and have hybrid space the % increases to 74.
Lucy Watts, explains how Instant had reacted to the market demand for more data, insight and overall transparency.
To get a hold of Lucy Link up here. https://www.linkedin.com/in/lucy-watts-5b861428/?originalSubdomain=uk
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4 Value Bombs and Tweetables
1) " The average cycle of a business is getting shorter, therefore, you need some flexibility in a typically fixed lease portfolio so that you are not taking on so much risk!" link this to https://clicktotweet.com/
2) " I think it's about service and not feeling like a temporary solution! With a range of locations so they can offer different spaces at different addresses!" link to https://clicktotweet.com/
3) " Offering the managing solution over the lease to bridge the gap to offer more longevity comes down to flexibility but we are also very client lead. We don't have buildings, we get challenges and provide bespoke solutions for our clients. We listen to our clients, then go to market to find the solution through bespoke responses and speed."
4) " The demand for data will continue to grow and there will be a continuing blurring of lines between flexible and the traditional sector as more landlords enter the market with a solution!" link to https://clicktotweet.com/
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