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Central London’s Coworking Presence Is Taking Over Its Office Market

Central London has become one of the leaders of coworking worldwide, with flexible offices and coworking spaces taking up over 4 million square feet of space. While WeWork is one of the more well-known firms in the market, the city’s market is a mixed bag as more than 150 providers are offering some form of flexible work option in London.

A report from digital office broker Hubble, in partnership with JLL, found that flexible offices are expected to grow to an 11% share of London’s overall office stock by 2023. Flexible offices had a 6.3% share of the city’s market by the end of 2018.

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Most private offices cost around £500-800 per desk each month, but some areas have rents as low as £279.

“The flexible office market in Central London is by far the largest and most developed in the UK,” said Elaine Rossall, Head of UK Offices Research & Strategy at JLL. “The sector has seen its footprint expand rapidly over the five years from 2013, increasing by 26 percent per annum, compared to just 9 percent per annum in the previous five years.”

ABOUT Aayat Ali

Aayat is an editor for the Daily Digest based out of Kentucky. She has worked with local coworking spaces since August of 2017 and enjoys taking her firsthand knowledge to write about the fascinating, constantly evolving world of flexible workspaces. Feel free to reach out to her at [email protected] View all posts by Aayat Ali

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