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Virtual offices ‘more popular than ever’

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An increasing number of businesses are adopting virtual offices, a new report has revealed.

Research published by the Global Workspace Association (GWA) suggests vendors are reporting strong year-over-year revenue growth – supported by rising demand for virtual office environments.

Virtual office revenue increased by 8.2 per cent year-over-year in 2011, as more companies sought the flexibility of a non-permanent base, the GWA reported.

“Today’s workforce is increasingly independent and mobile, and companies continue to pursue cost-containing office arrangements that improve their bottom line,” said John Jordan, president of the GWA.

He noted that business is entering “a new era” in which convenience and savings are no longer opposing forces.

With a few clicks, the virtual office – complete with a receptionist, physical street address, meeting-room availability and other amenities – is available when and where needed,” Mr Jordan added.

He said it is clear that many companies are resisting long-term lease arrangements in many markets around the world.

“This dynamic, and the fact that individual and corporate demand for mobility is soaring, are the driving forces for virtual offices,” Mr Jordan claimed.

A recent study conducted by International Data Corporation indicated that the global mobile worker population will total more than 1.3 billion by 2015.

The analyst explained that this will be more than 37 per cent of the total workforce – a sign of how much, and how quickly, the world of business is changing.