The Instant Group has released the findings of its most recent UK Flex Market for 2022.
Among the key discoveries in the report was that demand for flexible workspaces has grown 22% in the UK year-over-year, particularly in regional cities.
Regions that are seeing high interest for regional hubs from companies include Leeds and Manchester, while even central locations like London have seemingly bounced back to their pre-pandemic levels.
This is particularly prevalent among businesses seeking to slash costs while expanding their presence.
In good news for landlords, contractual occupancy rates have stayed at above pre-pandemic levels for the third consecutive quarter. Building owners have also noted this ongoing demand for flex space and are readily incorporating these offices in order to maintain competitiveness.
Product itself has also seen a revamp, with Class A spaces equipped with the finest amenities making up a large percentage of demand and occupant usage.
However, these amenities must go beyond in-house fitness facilities and coffee bars in the future — occupants have also expressed the desire for their workspaces to prioritize ESG (Environmental, Social, and Governance) strategies, such as achieving net zero carbon emissions.