Hot desking is a relatively new form of office space allocation that emerged after it was revealed that traditional office space was sometimes inefficient, since workstations were only used during a fraction of the working day. By contrast, hot desking allows employers to maximise the amount of space available and is generally favoured by organisations known for their flexible working cultures.
Hot desks are available in business centres or as part of corporate office space and include:
The following are usually excluded from hot desking packages:
Hot desking was initially implemented by large companies that needed to have staff available round-the-clock but that were also looking make a more efficient use of their office space. Later, this practice was adopted by companies of all sizes, from the British Airports Authority (which reported savings of £400,000 / year) to small start-ups.
A Virgin study also revealed that hot desking tends to work best with a specific demographic group: workers under 35 years old with a university degree and employed in professions that are project or activity-based. Hot desking arrangements are also popular with remote or part-time workers who only need short-term use of desk space, solopreneurs, freelancers (who account for 54 per cent of all users), and contractors in the technology, fintech, and creative industries. These sectors are best suited to hot desking given that they tend to implement flexible working practices such as telework or bring-your-own-device policies.
Along with global entrepreneurial hubs like San Francisco, New York, or Singapore, London is considered one of the best locations in terms of the hot desking options available in the city. A study of modern office space arrangements carried out by Steelcase revealed that approximately 17 per cent of all London workers use or have used hot desks or a similar flexible solution, such as co-working spaces. Since hot desks are usually provided at business centres, the main locations are those where there is a large percentage of office-based jobs, including:
Business centres usually charge a fixed fee per desk space and allow workers to pay on an hourly, daily, weekly, or monthly basis, depending on their schedule and space needs. Other business centres or co-working spaces charge annual membership fees, and it is also possible to find fixed-fee hot desk packages that allow workers to use the space for a specific number of hours every week.
Typical costs are as follows:
Professionals who are considering giving hot desking a try must also bear in mind that paying a deposit is not necessary. However, some business centres and co-working spaces may require that blocks of hours be prepaid.
Business centre and business park space is available in a number of forms including serviced offices, virtual offices, hot desks, and shared office space.
Flexibility. Better value than conventional space. Creative allocation of space and high quality premises. Lower financial risks. No legal or commercial agent costs.
London's solid entrepreneurial spirit has driven the demand for flexible coworking office space as a practical and cost-effective alternative to conventional leases.
Flexible costs and contract lengths. Wide range of options to choose from. Modern high-spec office buildings. Promotes collaboration & networking. No initial capital or financial commitment required, and no exit or disposal costs.
SMEs are the most common serviced office occupier. First-time business owners are also typical tenants, as a serviced office is perceived as a less risky option when compared to conventional office space.
All-inclusive pricing. Short / flexible lease length. Less capital expenditure. Opportunities for networking. No dilapidation costs.