UK Flexible Office Market Falls Behind In Europe

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Workers in the UK are returning to flexible offices more slowly than other European countries according to a survey from Workthere.

The findings reveal that occupancy rates in UK flexible workspaces are at 23% compared to 35% in Spain, 43% in Ireland, 55% in Germany and 57% in the Netherlands.

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Workthere’s survey also revealed that the flexible office sector in the UK fell behind its European counterparts in other ways. For instance, the UK has the highest nonrenewal rate in the continent at 19%, while 35% requested rent relief.

However, UK operators are expected to see an occupancy rate of 71% by the end of this month, which is the second highest in Europe following the Netherlands at 74%.

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