Change and Flexibility: Understanding the Role of Serviced Office Space in Corporate Real Estate Portfolios and Office Markets

Type	Conference Proceedings
Author(s)	Gibson,V. , Lizieri,C. M.
Publication year	1999
Notes	ID: GIBSON1999; Considers the growth of the serviced office sector in the UK as a means of accommodating business change through flexibility. Suggests that real estate in the UK market may act as an inertial force constraining a firm's ability to respond to business change. Identifies 3 types of office space: core, 1st periphery and 2nd periphery. Argues that services office space can serve as 2nd periphery space since it offers short-term flexibility, and that further growth may be driven by: growing awareness of benefits of flexible provision; re-evaluation of the sectors investment potential; continued change in business practices leading to new ways of using space.
Start page	1
End page	34
Relevance to practice	High
Ease of application	Moderate
Stage of application	Procurement and Occupancy
Evidence base	High
Readability	High

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