UK Start-ups Booming Despite Lack of Office Space, W1 Office Reports Friday 29 May 2015 PDF Print the average cost of renting a desk in London at £512 per month. Liverpool and Manchester are showing particularly high demands A new report by Office Genie shows that the UK start-up market has continued gaining momentum over the last year, despite a lack of available office space. A spokesperson for W1 Office provides a comment. The report shows that demand for serviced office space has grown by an average of 24.3 per cent over the last year. Some areas are showing particularly high demand as start-ups realise that they cannot afford the price or rent in London, forcing them to refocus their attention elsewhere. The report quotes the average cost of renting a desk in London at £512 per month. Liverpool and Manchester are showing particularly high demands, with a 44.5 percent and a 43.6 per cent increase respectively due to rent prices being less than half of those seen in London. Peter Ames, head of strategy and spokesperson for Office Genie has commented on the report, saying “For years we have anticipated that the London business landscape will reach boiling point, and that demand will significantly outstrip supply. With the data showing more and more small businesses unable to cope with the inflated costs of the capital, and looking further afield for office space, perhaps we are now reaching this point of saturation.” W1 Office, a provider of virtual office space in Central London, takes a keen interest in stories such as this. A spokesperson for the company provided a comment, saying “It’s great news that the UK’s start-up market is continuing to grow. The prices of rent in London are generally prohibitive for smaller companies, but this doesn’t mean that start-ups can’t benefit from the clout that comes with a London postcode or telephone number." Virtual office solutions mean that you can have a W1 postcode and a 020 phone number no matter where in the world you work. With the right service you can even book meeting rooms in the city for when important clients are coming to town. This means that you can take advantage of the cheaper rents in the North while still taking advantage of the prestige that comes with having London written on your business card. W1 Office endeavours to provide affordable virtual office solutions to businesses, start-ups and homeworkers across the globe. Their virtual office services allow individuals and companies to use business credentials in London, enabling their organisations to grow. This press release was distributed by ResponseSource Press Release Wire on behalf of W1 Office in the following categories: Business & Finance, Computing & Telecoms, Transport & Logistics, for more information visit http://pressreleasewire.responsesource.com/about.