A new report from The Instant Group found that flexible workspaces took up over a third of commercial property transactions in London, but only made up around 6% of total office supply.
‘UK Market Summary: Flex is Leading the Way’ found 6,075 flex space centers across the UK, growing by 7% in the past six months.
Now, there is over 5,000 square feet of space available on the market than at any time since 2009.
“It has been a remarkable year for flex space as we start to see a proliferation of choice, with client demand forcing operators and landlords to aggressively evolve their models to differentiate and specialise,” said John Duckworth, Managing Director for the Instant Group, UK and EMEA. “The outcome is an inexorable rise of hybrid flex / lease solutions, with landlords now having to move to cater for additional flex demand that has been impacting the high-volume, transactional element of their market.”
