Avanta Reports Improving Demand for Serviced Office Space

November 10th, 2009

Avanta Managed Offices is pointing to early signs of improvement in demand for serviced office space in London. Although Avanta only has its own revenues as backup, the story is compelling and should encourage the worldwide executive office suites industry of brighter days ahead.

David Albert, Avanta’s managing director, says the company’s business in London has remained “remarkably robust” despite the general economic challenges of the past 12 months. Specifically, Avanta’s year-over-year revenue was up 27.5 percent in the quarter ended March 2009. Year-over-year EBITDA was up £6.7 million. That’s impressive in a down economy and points to a slight shift in workspace strategies from companies large and small.

Read the rest of my story on aBetterOffice.com.

Entry Filed under: Hot off the Press