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According to the latest report from , experts on serviced office space in London, businesses required more London SW1 workstations in 2012 than they did in 2011. Figures state that in the year 2011, the average number of workstations required per serviced office rental in London SW1 was 6.1 desks. In 2012, this figure increased to an average of 6.8 workstations per rental; a rise of 10.6%. There are a number of possible reasons for a rise in the average number of workstations requested per rental of serviced office space in London SW1. It could suggest an increase in the size of businesses heading to the north bank of the Thames. Alternatively, the companies already operating out of the SW1 postcode area could have chosen to expand. After all, increasing the number of workstations included in a serviced office rental is straightforward. Flexible licensing agreements mean that companies who choose to rent serviced office space in London can increase or reduce their allocation of workstations as and when they need to. An increase in the number of workstations required per office rental would suggest that the businesses taking up residence in SW1 are performing welldespite well documented economical constraints. Interestingly, the same report also documents a 2.7% drop in the average cost of serviced office space in London SW1 from 2011 to 2012. The average price of a single workstation fell from £641 per month to £625, which represents a significant saving depending upon the number of workstations rented. London SW1 is an area of Central London on the North Bank of the River Thames, which resides between the Hungerford Bridge and Chelsea Bridge. Some of London’s most prestigious landmarks reside in London SW1, including Westminster Abbey, Westminster School and the Tate Gallery. It is also home to an array of serviced office space, ideal for small to medium sized companies aiming to set up an affordable and flexible base of operations within London, one of the commercial capitals of the world.
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