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The Role of Serviced Offices in the Corporate Real Estate Supply Chain

Author

Listed:
  • Ashley Dabson

    (School of Real Estate & Planning, Henley Business School, University of Reading)

  • Pat McAllister

    (School of Real Estate & Planning, Henley Business School, University of Reading)

Abstract

The paper analyses the evolving corporate real estate supply chain and the interaction of this evolution with emerging business models in the serviced office sector. An enhanced model of the corporate real estate portfolio is first presented incorporating vacant, alienated and transitory space. It is argued that the serviced office sector has evolved in response to an increasingly diverse corporate real estate portfolio. For the peripheral corporate real estate portfolio, the core serviced workspace product provides the ability to rapidly acquire high-quality workspace and associated support services on very flexible bases. Whilst it is arguably a beta product, the core workspace offer is now being augmented by managed office or back-to-back leases which enables clients to complement the advantages of serviced offices with a wider choice of premises. Joint venture business models are aligned with solutions to problems of vacant space.

Suggested Citation

  • Ashley Dabson & Pat McAllister, 2014. "The Role of Serviced Offices in the Corporate Real Estate Supply Chain," Real Estate & Planning Working Papers rep-wp2014-01, Henley Business School, University of Reading.
    • Handle: RePEc:rdg:repxwp:rep-wp2014-01
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    File URL: http://centaur.reading.ac.uk/35694/1/wp0114.pdf
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    References listed on IDEAS

    as
    1. Virginia Gibson & Colin Lizieri, 2001. "Friction and Inertia: Business Change, Corporate Real Estate Portfolios and the U.K. Office Market," Journal of Real Estate Research, Taylor & Francis Journals, vol. 22(1-2), pages 59-80, January.
    2. Virginia A Gibson & Colin M Lizieri, 1999. "New business practices and the corporate property portfolio: how responsive is the UK property market?," Journal of Property Research, Taylor & Francis Journals, vol. 16(3), pages 201-218, January.
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    Cited by:

    1. Fernanda Antunes Batista da Silva, 2021. "Flexible workspaces within corporate real estate," LARES lares-2021-4dqc, Latin American Real Estate Society (LARES).

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