We're excited to be growing in SoCal, opening three new business centers in Los Angeles and planing to double our L.A. portfolio by adding more than 20 locations in the metro area in 2013. As more local businesses turn to flexible working for cost savings, improved work-life balance and increased productivity, demand for Regus services such as flexible-term offices, drop-in business lounges, and virtual offices has skyrocketed in Southern California.
A global provider of turnkey space, we continue to invest across SoCal as demand from mobile workers continues to grow. From Bakersfield to San Diego, customers can work from more than 50 regional locations. The newest Los Angeles centers are located at:
Our network of flexible space provides entrepreneurs, small- to medium-sized businesses as well as international companies a range of efficient work solutions, including fully equipped offices and meeting rooms, and membership to its drop-in business lounges. Terms are flexible allowing clients to choose the amount of space they use and the length of time they stay.
Regional Vice President Sande Golgart is overseeing the growth. He says companies are choosing to focus on taking advantage of new opportunities while we focus on the management of their workplace. With no upfront capital outlay, businesses can utilize any of our locations and rely on our support team to help them be more productive every day.
In the coming months, we will expand throughout the region, adding new business centers in the suburbs of Santa Barbara and Ventura Counties, and in booming downtown Los Angeles, conveniently situated near LA Live.
These new centers are expected to help customers reduce their traffic-plagued trips into the office. Findings from the INRIX National Traffic Scorecard reveal L.A. drivers spent 56 hours in traffic, higher than the national average as they navigated through some of the worst traffic corridors in the country. In selecting the sites for their new locations, Regus took into consideration points that could help ease commuting times for its clients.
Technology makes it possible for people to work at a schedule and location that best suits their individual needs. In increasing numbers, Golgart believes businesses are coming to us because we provide the tools and environment, which allow individuals to work better, smarter and faster.