In recent years, the landscape of office spaces has undergone a significant transformation, with suburban offices emerging as compelling alternative to their bustling city centre counterparts. This paradigm shift is driven by various factors, including affordability, accessibility, and the evolving needs of modern businesses and employees.

One of the most glaring differences between suburban and city centre offices is the cost. Rent per square foot in suburban areas tends to be considerably lower than in urban cores. This translates to significant cost savings for businesses, allowing them to allocate resources more efficiently. Lower overhead costs can be particularly beneficial for start-ups and small businesses looking to establish themselves without breaking the bank, while more seasoned occupiers can take advantage of suburban offices scalability.

Whether it’s adding new team members, expanding departments, or launching new projects, suburban offices offer the physical space necessary to scale operations seamlessly. This scalability not only supports business growth but also fosters a sense of stability and confidence among employees, knowing that their workplace can adapt to accommodate evolving needs.

Over the past twenty four months Park West Management has assisted numerous Tenants in their expansion plans, driven by a mixture of strong sales, team relocations and amalgamations as well as a robust mergers and acquisitions market. The latter in particular has resulted in edicts from parent companies to grow teams and platforms in line with demand for their products and services:

Integrated Project Services (IPS) has signed a lease on two floors at Block 18 Beckett Way, Park West Business Park (May 2024), totalling approx. 14,672 sq ft – almost tripling its presence within the park. IPS-Integrated Project Services, LLC is one of the fastest-growing companies in the Architecture Engineering & Construction industry with a global reach that spans over 17 countries in five continents. The company was acquired by Berkshire Hathaway in 2022 and has plans to expand even further in 2024.

Brand giant Monster Energy, which specialises in the sale and distribution of energy drinks secured two floors within Block 10A Beckett Way, Park West Business Park in Q4 2023, totalling approx. 11,668 sq ft; twice that of its previous accommodation within the campus.

RAS Medical which operates the Auralia Clinic secured an additional 2,174 sq ft of office space in order to expand its clinical operations at Park West Plaza. Established in 2001 Auralia is one of Ireland’s leading experts in surgical and non-surgical cosmetic procedures and treatments.

Keyence secured approx. 5,254 sq ft in Block 43 Beckett Way, Park West Business Park once it had outgrown its 2,468 sq ft unit in Park West Plaza. Keyence is a leading supplier of sensors, measuring systems, laser makers, microscopes, and machine vision systems worldwide.

The COVID-19 pandemic has accelerated the adoption of remote work, prompting businesses to rethink their approach to office space. Park West can offer an attractive middle ground between traditional office settings and remote work arrangements, providing a dedicated workspace for employees who prefer to work in a professional environment while offering the flexibility to work from home when needed. This hybrid model allows businesses to adapt to changing circumstances while maintaining collaboration and productivity.

Dan Blain of Harcourt Developments adds: “Increasingly our tenants in Park West seek to strike a balance when it comes to hybrid working. Counter-intuitively, this does not mean downsizing but rather the upgrading of workspaces to provide for more collaborative areas, more canteen space and even onsite gyms. The installation of new EV chargers and bicycle storage units also play a part in coaxing employees out of the solitary box room and back into a productive work environment.

Park West Business Park, with rents and commute times a fraction of the city centre is helping occupiers navigate difficult times at both a financial and employee level”.