Your City Office Ltd

Your City Office Ltd

March 06, 2009 09:00 ET

Credit Crunch, Deflation and Record Low Interest Rates Push Global Businesses to Use Virtual Offices!

How Office Space and Virtual Office provider City Office are helping business survive the crunch!

LONDON, UNITED KINGDOM--(Marketwire - March 6, 2009) - World governments are streaming billions into the financial system to avoid a global meltdown, interest rates are at a record all time low and we are at risk of moving into deflation and yet, Mr Simeon Howard, Sales Manager of City Office remains confident about the future of his business.

"The world is more connected now, more globalised, and as a result, business owners are in a stronger position to act on what's needed to curb this slide. "Employers downsizing their staff, consequently downsize their larger conventional office space and get themselves smaller executive/serviced office space with flexible lease plans... these services were simply not as readily available the last time we saw the markets crash like this"

Serviced/Executive Office space is essentially a low cost office solution whereby you can move into a small office environment, without having to commit to a long term lease plan. As for a Virtual Office, it's essentially a business centre which allows you to work remotely, by using a providers' business address and receptionists, without having to actually have physical office space at that location. The money saved is tremendous and it's typically only around 15% to 20% the cost of having a full time office.

Simeon goes on to explain "You need to look at the domino effect here. We're seeing huge lay-offs... the reality is that some of the people being made redundant are either starting up their own business and getting themselves some office space, or they are working from home and getting themselves a Virtual Office".

City Office are one of the worlds leading providers of Virtual Offices and also offer a free Serviced/Executive Office Space search for your business.

Your City Office Ltd, Global Enterprise with it's HQ on Berkeley Square, Mayfair, London, UK

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