As a dynamic and cost effective region, the North East has seen a rapid growth in Tech start-up companies in recent years.
So much so that it homes the fastest growing digital tech sector outside of London!
The North East has a thriving presence of small and medium enterprises (SMA’s for short) representing this industry. SMAs, who employ up to 250 staff, account for around 99% of Britain’s five million businesses.
And offering the right working spaces to these dynamic companies to aid their expansion has proved to be a challenge to the property industry. The choices for office space can be limited, especially for those who want to imprint their personalities on their working environment
Traditionally landlords have been wary of Tech start ups. The prospect of numerous small, young organisations renting on short flexible leases offers additional costs and risks lower end values.
New build schemes designed to offer modern and inspiring spaces can offer so much more to a business than a standard office building.
NEON is a prime example of a high quality working space designed to enhance the creative environment of 21st century companies.
It is a truly inspirational concept and has already seen strong demand, with 6 of the 15 suites already occupied. The occupiers being attracted by the benefits of the building including the collaborative, shared space.
This success was reflected in NEONs recent shortlisting for the Refit and Refurbishment of the Year category in the 2019 North East Property Awards.