A report by Instant Offices found that, despite a dramatic drop in footfall to just 18% of 2019 levels, companies stuck to their contracts and continued to pay for their flexible office space.
The Instant Group’s UK Flex Market Review found that the number of companies that have moved out is relatively low, with 16% of flex office clients serving notice in the second quarter of this year.
Contracted occupancy in UK flexible spaces fell from 78% in April to 67% in August — which again, wasn’t as low as expected.
This offers positive news for the UK’s flexible space sector, particularly as the nation has just entered a second, month-long lockdown, and suggests that while workers are once again being told to stay at home, the future looks bright for those that can weather the storm.
