10 business centers results

The serviced office sector was probably one of the most successfully developing in Hertfordshire over the past few years. Due to the uncertainty, connected with the Brexit event, the majority of tenants were looking for flexible workspace solutions of small and medium-size. Business centres in the region propose hot and dedicated desks, tiny private venues, conference facilities and other agile options. The average rental fee for a single workstation is GBP200 per month. Hertfordshire has a significant number of stand-alone serviced offices, yet the majority of such venues are included in the local business parks. These are large estates dedicated primarily to commercial and industrial use. With a variety of workspace solutions available on-site, business parks in Hertfordshire are excellent areas for establishing and running a business. Usually, they can provide accommodation to hundreds of companies and create thousands of jobs. Some of the business parks in Hertfordshire are mixed-use developments, consisting of different workspaces; others are primarily industrial estates, offering warehouses and distribution units for rent. Being projected and built in the “city-within-a-city” style, these areas include housing options, sports halls, educational institutions, shops, and a range of other public facilities.

St Albans, Hatfield, Watford, Hemel Hempstead and other economic hubs of the county boast the most significant number of serviced offices for rent. Hertfordshire’s location in the vicinity to the capital works as a magnet for many businesses. Many towns of the region form a part of London’s commuter belt and have a range of principal routes running within their territories - A1, A41, A414, M1, M11 and M25. Thus, when establishing your company in this region, you always stay close to the network of road and railway lines, as well as have access to Stansted and Luton airports.

In terms of regional gross value added, the economy of the county benefits primarily from the service sector. Agriculture, on the contrary, brings the least financial input to the budget. Hertfordshire is home to more than 30 of significant company HQs and branches of international and domestic corporations. Some of the major employment sites include Tesco, Roche, BAE Systems, Airbus, etc. All-in-all, there are more than 900 foreign-owned companies, established in the county. The university contributes to the development of the R&D sphere. Besides, the university, the region hosts numerous several business schools. The knowledge-based economy is worth GBP34 billion a year.