Regus have taken a second floor in 5 Penn Plaza in New York bringing their total in the city to 17. The new 28,000 sq ft office space has 92 offices, a board room, two conference rooms and a videoconferencing suite. Speaking on the move Donna Scott, Regional Vice President for Regus said “Our 5 Penn Plaza expansion is in direct response to the increased demand we continue to experience in New York City. It allows us to capitalise on what continues to be a very strong market.” She continued “We’re finding that in today’s economic environment businesses, regardless of size, are increasingly moving away from committing to long-term leases and instead seeking more flexible, cost-effective alternatives.”
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