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UK flexible workspace demand reaches record levels
UK demand for offices providing flexible workspace has increased by 11 per cent, according to according to a study carried out by workspace specialist Instant. The Flexible Workspace Review revealed
that the market has grown to cover 3,290 centres in 2015/16, including “co-worker specific” centres. Alongside the growth in flexible workspaces, enquiries for conven-
tional workspaces were also up at 15 per cent, the report found. London, which saw a 16 per cent increase, holds a third of the whole
UK market. Growth in demand for suburban locations was ten times that for inner London however, at 22.9 per cent. Tim Rodber, CEO of The Instant Group, commented: “There is still high demand in traditionally popular areas such as King’s Cross, Euston, London Bridge, and Oxford Circus but operators are struggling to acquire the right floor plates at competitive rates that would facilitate increased supply.” A 39 per cent growth in demand was recorded across the regions, with
the highest number of enquiries in Brighton (66 per cent), followed by Bristol (51 per cent) and Birmingham (46 per cent). Manchester had the lowest demand at 20 per cent.
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