Offices landlord Workspace sees lettings jump after Tory win
Business confidence to open new London offices has heightened in the wake of Boris Johnson’s election victory, landlord Workspace said on Thursday.
The FTSE 250 offices firm, which offers shorter lease lengths that allow businesses to expand without being locked into big rental agreements, said it had a “very encouraging” third quarter to December 31.
Workspace agreed 113 lettings a month, compared with 98 a year earlier. Enquiries from potential customers improved to 1001 a month, from 907.
Chief executive Graham Clemett said the upbeat momentum has continued into 2020. He said: “Customer demand in the first few weeks of the new year suggest that increased political certainty following the election result has buoyed business confidence.”
Workspace said it had seen a “noticeable increase in enquiries and viewing activity”.
The company has 64 buildings in London. Its next opening will be a 55,000sq ft business centre called Mare Street Studios in Hackney.
The shares increased 9p to 1153p.
