New “Walk-in Ready” Opportunity For Flexible Workspace Operators In Glasgow

• A prime space in the center of Glasgow has been left fully fitted by its previous tenants. 
• The “walk-in ready” space spans three floors and would suit a flex operator seeking a new opportunity in the city. 
• The building has been recently refurbished and is fully DDA compliant. 

A new 31,644 square foot space in the center of Glasgow offers a “walk-in ready” opportunity for flexible workspace operators hoping to expand in the Glasglow market. 

That’s because the previous tenants, which include Colliers International, Willis Towers Watson Insurance Brokers, and Gamma Telecoms, left the space fully fitted and IT enabled.  

The Grade A flexible workspace spans three floors and occupies a prime location on the corner of West Regent Street and Nile Street in Glasgow. g8 Consult and Avison Young have brought the space to market, acting on behalf of Warburg-HIH Invest Real Estate UK Ltd. 

The building recently went through improvements, including a fully refurbished reception, metal suspended ceilings, and modern lighting. The buildings is also fully DDA compliant.  

Douglas Green, Managing Director at g8 consult, said:  

“I am excited to have the opportunity to be working jointly with AY in Glasgow in bringing this exceptional opportunity to the attention of the flex market on behalf of Warburg’s. It’s clear that demand for flexible workspace has risen dramatically over the past year and will continue to do so and this building offers a unique opportunity for operators to acquire a high-quality fit out and Flex ready space in an uncrowded market.” 

Demand for Flexible Workspace Is Expected to Rise 

Recent reports have found that flexible workspaces will play a key role in the future of work as companies embrace hybrid work arrangements.  

A July 2021 survey from Workthere found that UK enquiries for flexible office space had increased 48% on pre-Covid levels.  

Research from The Instant Group has concluded that in light of new workplace needs, companies are increasingly leveraging flexible workspaces to help them right-size and right-purpose their offices.  

“[It is] becoming apparent that the flexible workspace industry, which is agile by its very nature, can very quickly adapt to change and can provide a solution to many of the challenges businesses are facing today.” 

Already, flexible workspace operators are experiencing an increase in demand from corporate clients.  

Flexible workspace operators hoping to expand their footprint need to act quick, according to Instant Group.  

The coronavirus pandemic has created a buyer’s market and flexible workspace operators can now acquire quality space in central locations at a lower cost.  

While now seems to be as right time as any for flexible workspace operators to expand, The Instant Group predicts rates could potentially rise quickly.