Dr. Gleb Tsipursky – The Office Whisperer
Cat Johnson – Coworking Marketing Maven
Angela Howard – Culture Expert
Drew Jones – Design & Innovation
Andrea Pirrotti-Dranchak – Competitive Advantage
Jonathan Price – CRE & Flex Expert
Jeremy Fennema – Tech Innovation Alchemist
Flexible office spaces have taken Central and Eastern Europe by storm with help from companies such as Spaces and WeWork.
The rise in flex space has been driven by increased demand from a younger generation of entrepreneurs and small businesses seeking a collaborative, amenity-heavy space.
For example, in Poland, flex spaces have reached 250,000 square meters, taking up over 2% of overall office stock with Warsaw seeing the highest growth of any European city last year.
In addition to young workers driving growth, rent dynamics are also affecting the sector. Martin Stričko, a Senior Research Analyst at JLL, said that many big operators will meet premium rents in order to secure central markets that are likely to attract clients.
“There is still a low level of awareness around flexible space compared to other European markets,” said Kevin Turpin, Head of Research & Consultancy CEE at JLL. “Yet flex solutions shouldn’t be considered as an alternative to traditional office space. The two are complementary to ensure companies have the right space to meet their needs.”
Still, as demand continues to rise, more regional and international operators will continue to expand. According to JLL, flexible spaces are expected to grow by 30% over the next five years in Europe
