Serviced offices are could be worth £126bn by 2025, instead of £62bn, if valued as their own asset class, according to a new report.
The study, by think tank Capital Economics and property academics, Professor Michael White of Nottingham Trent University and Professor Neil Dunse of Heriot-Watt University, was launched today and commissioned by Office Space in Town.
It argues the case that serviced offices are undervalued by up to 20% and need a market-specific valuation framework, as well as outlining a framework for the first time.