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Flexible Office Platform Reports Dip In Activity

HubbleHQ, a flexible workspace platform company, reported a dip in businesses committing to new office space due to the COVID-19 outbreak. Companies that currently use the services of HubbleHQ include WeWork, Knotel and Techspace.

“It clearly differs from operator to operator, but the crisis has put a rapid brake on transactions,” said Mark Lewarne, head of real estate at HubbleHQ. “There are some companies still taking offices, but this is typically being driven by lease expiries.”

The company said it is seeing between 5% to 15% of the usual number of people working in the offices that it services. Lewarne added that operators are offering discounted offices and rent-free periods to stimulate the market.

HubbleHQ is now looking to promote the virtual tours that are offered by the 13 operators on its platform.

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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