Servcorp News 2014 | Office Rental Market Review - Abu Dhabi, Q2 2014 :: Office Rental Abu Dhabi

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Office Rental Market Review - Abu Dhabi, Q2 2014

July 2014 | Servcorp

Abu Dhabi is quickly becoming a popular destination for multinational giants in addition to having a strong start-up culture, which has impacted the city's office market. In Q1 of this year, the “39% [office space] vacancy rate remained stable”, and “There are early indications of office demand improving.” (Abu Dhabi Real Estate Market Overview Q1 2014, JLL). More and more companies looking to rent an office in Abu Dhabi will certainly be attracted to the fresh, new premium offerings in the Emirati capital.

The most prestigious areas in Abu Dhabi for office rental are Sowwah Square, Al Muroor, and the Corniche, and those are where all businesses want to be. However, with Abu Dhabi office rental prices forecasted to rise (Abu Dhabi Offices Market Update H1 2014, Knight Frank), the costs can be too high for many companies. To take the popular Al Mamoura building as an example, the minimum requirement for regular office rental space starts from AED3600/m2 per annum for a minimum of 900 – 1000m2.

To overcome this, when wanting to maintain a professional corporate image with an iconic business address without breaking the bank, businesses seeking to rent an office in Abu Dhabi are interested in the serviced office concept. A serviced office offers unmatched flexibility that traditional offices cannot compete so that you are always able to quickly adapt when the situation requires it.

Essentially, serviced offices are fully furnished solutions with access to the expertise and support of a reliable business centre, all at a fraction of the cost of a regular office!

 

Servcorp is the world's leading provider of office solutions, and that is no different in Abu Dhabi, where its locations feature in the city's most sought after business districts. When you rent an office in Abu Dhabi with Servcorp, managing the office rental is a smooth, streamlined process. You're provided with the industry's most secure, proprietary IT infrastructure supported by Cisco with the fastest data speeds and a guaranteed 99.9% uptime. With access to a global network of premium locations, fully trained IT staff, and a dedicated support team, Servcorp takes the hassle out of organising the minor but necessary details when you rent an office in Abu Dhabi, so that you can focus on what's important to you and your business.