Leading London bespoke office space provider, WorkPad, plans to double the size of its business in the next two months and launch new service lines for landlords and occupiers, as the London office market continues to heat up following the pandemic.
WorkPad has added six big name occupiers and completed over 40 transactions in the past three months, including household name brands, FTSE 100 companies, leading design houses and well-known fashion brands.
As a result of the client acquisitions, WorkPad is adding 51,000 sq.ft of office space across its portfolio, split over seven properties, costing between £180 and £280 per square foot. The new properties will be in a range of prime locations in Central London, including St. James, Fitzrovia, Marylebone, Bloomsbury, and Farringdon.
“The growth that we have seen over the past three months is the culmination of significant business decisions we have made throughout the pandemic to ensure we continue to service our current landlords and occupiers, and attract new businesses looking for attractive and unique workspaces in prime London locations,” said Edward Griffin, CEO, WorkPad.
“Last year, we received a record number of enquiries from SMEs who still see the value of having a London presence for their business and desire attractive workspaces for their clients and employees to enjoy. We retained circa 70% occupancy during the Covid lockdowns through the provision of short-term agreements, and this has increased to above 95% across all our 19 office locations as SMEs benefit from a growing flex market.
WorkPad is always on the forefront of innovation within the prime office leasing sector and is launching three new business lines to benefit both occupiers and landlords, which has been made possible by increasing its staff headcount by 60 percent.
For clients looking to move away from the traditional office fit-out, WorkPad will be launching its new Design and Build service, through which the office provider will coordinate the whole fit-out and refurbishment process from start to finish with a dedicated project manager and interior design team.
WorkPad will also be expanding its portfolio and asset management arm for landlords through conventional leasing, managed workspace, or serviced workspace,
“We have been working on these expansion plans for some time and they will ensure we maintain our commitment of providing tailored, high-quality services to our occupiers and landlord clients, such as Grosvenor, The Bedford Estates and Shaftesbury,” Griffin concluded.
