Following strong demands from companies wanting Grade A office space, landlords and building owners are under pressure to step up their offerings.
Over the last decade, ready-to-occupy, high quality office spaces in Southampton City Centre have been in short supply. Southampton city centre is a core location for various industries including finance, marketing, software and exports. Being a major university town as well as a tourist and business hotspot, the city offers a pool of skilled labour and world class expertise, making it a top choice for businesses looking to relocate.
As the desire to be in and amongst city facilities returned, 2021 saw a surge in demand for city centre office space. Despite the resurgence, the crave for high-quality office spaces saw that Southampton city centre was not able to meet these requests and the gap in the market became apparent.
The recent experience of remote-working has been key in shaping the recent demands for the office market. Organisations are looking for workplaces which are better aligned to their current business needs. For example, where companies previously required a lower number of square foot per person in their workplace, these requirements have shifted and companies now seek a higher number of floor space. The need for more individual space puts a strain on workplaces which are still aligned with pre-existing requirements and not yet adapted for a modern market.
Landlords are being called to provide high quality, Grade A office space as this demand becomes an increasingly popular requirement for many businesses. Providing a workplace with modern systems, stylish furnishings and fit outs of the highest standard is the most appealing work environment for the modern business.
FI Real Estate Management’s recent refurbishment of city centre office building at Frobisher House, Nelson Gate, brings the Southampton business district the office space it’s been waiting for. Noticing the lack of Grade A office space available in the city centre, the need to upgrade to the highest market standard was inevitable.
Many factors contribute to the procurement of a Grade A status, such as the building location, connectivity, amenities, and infrastructure. Located on Nelson’s Gate, Frobisher house sits directly opposite Southampton Central Station, providing its tenants with unrivalled travel links and connectivity. The seven-floor building consists of retail amenities on the ground floor, offering a combination of convenience, food and drink which enhances the work environment. With travel, convenience, comfort and high-quality office space rolled into one, Frobisher House meets all modern business requirements.
Southampton is a city with advanced business facilities, built to encourage its occupiers to thrive and succeed. Although there is still a lack in Grade A office offerings, FI Real Estate Management are playing a vital role to provide businesses with high quality, ideal office space in a sought-after location.