It is now easier than ever for bosses to find office space to rent. By heading online to conduct their searches, managers can ensure they have access to a broad range of properties and they can also benefit from excellent deals.
However, firms planning to seek offices in the Brighton and Hove area may be concerned by comments made by the local authority recently.
It has raised objections to new government legislation that makes it easier for developers to change office space into residential properties. According to Brighton and Hove City Council, the changes will have a detrimental effect on the city’s business growth.
The organisation had applied for an exemption, but its call was rejected by officials.
According to the council, central Brighton accounts for 32 per cent of the city’s stock of office space and the economic cost of losing even ten per cent of it could equate to a loss or displacement of up to 700 office-based jobs, with an impact of £25.6 million Gross Value Added per annum.
Deputy leader of the authority Councillor Phélim Mac Cafferty said: “The council understands only too well the need for housing, but it is equally vital that we are able to sustain the economic regeneration of our city.”
He went on to state: “These new rules will make it so much harder for us to build on our hard won reputation and attract more investment for the city as a whole.”
The new regulations came into force on May 30th of this year.
