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New Report Reveals UK Flexible Workspaces Are Continuing to Flourish

According to Cushman & Wakefield’s “Coworking 2019: The UK Flexible Evolution Continues” report, flexible workspaces are still making headway in Central London. Click To Tweet

Despite political disarray, operators leased over 1.2 million square feet of space across 40 transactions in Central London during H1. If leasing activity continues at this rate, the real estate advisor expects flexible workspace take-up to exceed over 2 million square feet for the third consecutive year.

While average transaction size fell 41% year-on-year to 26,010 square feet last year, this is likely due to the fact that new operators are taking up smaller amounts of space.

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“It is worth remembering that while we have witnessed accelerated growth in the last few years, the flexible workspace market in its current guise is still in its relative infancy,” said Emma Swinnerton, EMEA Head of Flexible Leasing Solutions at Cushman & Wakefield. “The sector will continue to grow and drive change in the UK office market as we see new operators emerge, traditional landlords diversify, and the expectations of office workers climb towards a hospitality model.”

ABOUT Aayat Ali
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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