Due to the rising demand for residential property, Kent has decided to transform a lot of its commercial spaces into residential lots. It has led the county’s average prime office rent index rising by 25% in the last five years and 6.9% in the last 12 months. As a result, the retail and office tenants are experiencing a shortage of supply and competition for prime office spaces. Small office spaces in Kent have had a leading position in the commercial property market, but due to the major popularity of agile and flexible business models and low vacancy rates, the business parks in Kent received an influx of tenants. Serviced offices in Kent are typically popular with companies of tech, creative and life science branches. Governmental support programmes aimed at attracting new industries to the county are expected to draw even more businesses in the years to come. Serviced offices in Kent are typically situated in proximity to the major road and rail connections, serving as a convenient starting point if you need to travel within the London commuter belt. The county has more motorways by distance than any other county in the UK with a part of M25 running through it.
