Virtual office space lettings up 175%

REGUS, the world’s largest provider of serviced offices, said it has seen a 175% increase in lettings in Ireland, as recession-battered companies and entrepreneurs look for its services.

It said it is finding that companies are looking to save money on commercial property costs as more businesses equip employees with Blackberrys and laptops and move them out of the main office as a way of reducing expenses.

Regus said its four Irish locations in Dublin and Cork have reported a 175% increase in companies taking virtual office space since June last year.