The office space market in Norwich is not growing, yet the number of companies entering the market is. As a result, the landlords run the market, while the demand exceeds supply. Small companies have a higher chance of acquiring office space in the centre of Norwich, while larger ones are forced to the outskirts of the city. Serviced office space is becoming more and more popular in Norwich. It is wide-spread among younger companies that have a flexible or limited number of employees. Serviced offices in Norwich can comfortably accommodate small businesses. Moreover, the lack of supply encourages companies to turn to alternative office solutions like office sharing.
