A Gateshead firm providing managed and serviced accommodation for start-ups and small businesses is eyeing further sector growth after securing several new tenants.
The Office Co., which is marking a decade in business this year, has let more than 2,300 sq ft of commercial office space at its Metropolitan House site in Longrigg Road. Undisclosed new deals have been secured with UK property specialists Homes or Houses, IT network firm SL Data, shipping company Schulte & Bruns UK Ltd, and commercial property cleaners, Let’s Clean North East Ltd. They are relocating to Metropolitan House to take advantage of all-inclusive rental packages designed for businesses looking for short-term or highly flexible office space to accommodate expansion.
This is the latest success for The Office Co., which continues to achieve occupancy levels that are among the highest in the North East (85% – 90%) in the face of post-Brexit business uncertainty. With current sales in excess of £300,000, the firm is supporting growth with investment in infrastructure services that include the latest superfast broadband services to deliver high-speed wireless connectivity for upwards of 50 tenants. The plans are part of an ambitious strategy by owner Lynn Gates to double the size of the business in the next three years to meet the needs of start-ups.
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