White-label platform Nexudus has published what it claims is the largest flexible workspace study ever conducted.
The firm analyzed 3.5 million data points across 90 countries, offering deep insight into how the industry has evolved in the last five years and how the pandemic has impacted demand and usage of flexible offices.
The analysis showed that the flexible offices with 100 to 250 members decreased their ratio of members per bookable resource by 37% between the beginning of 2016 and the second half of 2020. However, those with over 250 members did so by just 13%.
Additionally, the country that saw the lowest ratio of members per bookable resource was Spain and the country with the highest was the UK.
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Overall, bookings for hot desks grew by 62% compared to pre-pandemic levels and currently represents 8% of all bookings.
The pandemic also led to the average duration of bookings to slightly increase to 122 minutes from the 115-minute average seen prior to 2020. However, the larger the space, the shorter the average booking length was.
As a direct result of the pandemic and the massive shift to hybrid and remote work arrangements, it appears that demand for flexible offices is on the rise. With these policies becoming increasingly normalized, we can expect sales to continue climbing as society learns to live alongside the health crisis.
“[This report] – we believe the largest of its kind – provides a timely analysis for all operators, landlords and corporates, all of whom are adjusting to new working patterns and tastes,” said Carlos Almansa, cofounder of Nexudus. “It’s access to this kind of data and insight that will ultimately help providers and users of flexible workspace successfully navigate arguably the biggest ever shift in working culture.”
