London’s flexible workspace market entered 2026 on firmer footing, with occupancy and private office revenue rising across much of the capital, according to Coworking Europe.
London Occupancy Reaches 83.8%
Average revenue from occupied private offices reached about €2,190 per square meter annually, while overall occupancy climbed to 83.8% through the end of the first quarter.
Central London continued to outperform the wider market. Both the West End and City Core recorded occupancy above 87%, with the West End also commanding the highest revenue.
Flexible workspace in the West End generated about €2,770 per square meter annually, roughly 26% above the London average.
Midtown Sees Strongest Revenue Growth
London Midtown posted the biggest revenue increase among the submarkets tracked. Revenue per square meter rose 7.4% over the six months through Q1 2026, reaching approximately €2,440 annually.
Occupancy also rebounded to 86.4%, nearly matching its 2025 peak of 86.8%.
The gains were less consistent in East London. Old Street and Shoreditch saw occupancy fall 4.1% over the same six-month period, making them among the weaker-performing areas in the latest data.
