More start-ups opting for ‘virtual offices’

Three quarters of new business feel they are likely to move their office location within their first six months of trading, a survey has revealed.

Research by Yac has found that because of their likelihood to relocate, most start-ups now prefer a ‘virtual working’ environment that does not tie them to one address.

What’s more, the study found that 85% of new entrepreneurs lack the funds to set up a permanent office and instead have turned to technology to launch their business.

The majority of virtual offices are located in the service sectors, who said they chose the option because it reduces their overheads and allows them to offer staff a more varied and flexible working environment.

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