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UK Flex Office Stats Are In, And They’re Not As Bad As Expected

Jo MeunierbyJo Meunier
November 9, 2020
in News
Reading Time: 1 min read
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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.

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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.

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Jo Meunier

Jo Meunier

Jo is Allwork.Space's Senior Editor for the UK and Europe. Jo has worked within business centre and coworking circles since 2009, researching and contributing written features for numerous industry publications. She reports on the latest market news and delves into local issues with one main objective: to champion the flexible workspace industry and its members.

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