A new study conducted by Knight Frank has identified key locations to set up a satellite office in Greater London and the South East.
The report looks into changing occupational strategies, analysing the changing dynamics of the workplace. Companies, the report asserts, are looking at innovative ways of handling their office space needs, embracing hybrid models with an emphasis on flexible solutions.
One popular choice has been the move to ‘hub and spoke’ models, where employees can either work from a central ‘hub’ or base themselves in a dedicated strategic location.
Satellite Offices: A Solution for the Future
As CoStar (which has exclusive access to Knight Frank’s report) emphasises, actual commitment to these new strategies isn’t evident just yet, with the pandemic continuing to disrupt how employees work from day to day. However, it is the pandemic itself that is actually driving conversation about the ‘hub and spoke’ model as an alternative to conventional commuting and centralised office-based working.
Knight Frank has created their report, entitled Hub and Spoke – Realistic or Idealistic?, in response to significant client interest in the trend towards the ‘hub and spoke’ model. An algorithm was produced which uses data points to ascertain the locations that would be most suitable for these satellite offices.