According to the new Colliers International Flex Forward report, Hamburg, Vienna, Moscow and St. Petersburg experienced a large increase in flexible office take up during the first half of the year.
In fact, nearly 162,000 square meters of flexible workspaces opened in the EMEA region, and although expansion slowed, it still grew by 1.6% during the first half of 2020.
“The office has been a key focal point of the pandemic as across the world people have suddenly found themselves working in a new environment, usually at home on their kitchen tables or in dedicated home offices,” said Tom Sleigh, head of flexible workspace consultancy at Colliers International. “While the flexible workspace sector has not been immune to the effects of the pandemic there is no need for concern around a sector demise. Instead, we are seeing occupiers’ real estate practices becoming more modern and occupiers looking to utilise flexible solutions in the industry to tackle short, as well as medium-term challenges.”