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Tags: BUSINESS

UK Suburbs Outpace City Centers For Office Demand

New research The Instant Group shows that suburban offices are surpassing city centers for the first time in over a decade.

This growing demand is being powered by workers who do not want to work from home full-time, but also do not want to commute into larger cities. Companies who are pivoting to hybrid work arrangements have accelerated this push too.

According to the data, six out of nine major UK cities are seeking lower workstation rates than this time one year ago. However, locations such as  Edgbaston, Bromley, Milton Keynes and Luton have seen a spike in demand for office space.

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    “As the UK comes out of lockdown, businesses want to reduce CAPEX where possible and be ‘cash-rich’, ready to invest in growth strategies, new markets or research and development rather than be heavily invested in real estate,” said John Williams, Director of The Instant Group. “The office market is responding to this and we are seeing more variation with a greater focus from landlords in providing the type of space and environment that employees now want.”

    ABOUT Aayat Ali
    Aayat Ali

    Aayat is an editor for the Daily Digest based in Lexington, 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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