Cushman & Wakefield’s EMEA Research & Insight team has compiled a list of European coworking Hotspot Index for 10 key markets where 40 cities were analyzed and ranked based on their real estate and economic measures.
Major office markets such as London and Paris were typically found at the top of the list, but cities such as Stockholm and Dublin also scored high and are expected to be big names in coworking.
“Our European coworking Hotspot Index adds a twist to the traditional office market hierarchy and shows the disruptive potential of this fast-emerging sector,” said Report author Elisabeth Troni, Cushman & Wakefield’s Head of EMEA Research & Insight. “The new growth sectors of the digital economy are more nimble – and comfortable with flexible working practices. This change in tenant preferences for flexible working is shifting the balance of power towards the tenant as the landlord looks to adjust and adapt their strategies in response.”
Troni said that coworking demand is expected to stay high in the top ten cities and recommends operators to hone in on these areas, but markets outside of the top markets could also emerge as interesting locations for flexible office spaces.