Flex space UK Research | 2


Introduction


We are all searching for flexibility to optimise our office space, this is nothing new. The real revolution lies in the variety of solutions now on offer. Providing flexible office space is not limited to co-working space, nor does it simply follow the WeWork model. The combination of these elements begin to define what’s next.


In JLL’s EMEA Flex report we defined flexible office space as: -


Any space (desks or more comprehensive office space) provided on short-term leases, at variable prices or alternatively on a membership basis.


This report considers how flex is expanding across the UK, and the opportunities and challenges ahead, particularly with political and economic headwinds expected to impact the office market in the near term. Arguably, the market has seen more changes over the last three years than the previous thirty combined.


We look closely at London, the most mature market in the UK, and potentially the world, while also exploring the regional markets, including the Big 6 (Birmingham, Bristol, Edinburgh, Glasgow, Leeds, Manchester). To complement our EMEA research where users of space were interviewed, we have consulted with a range of flex space operators and landlords from around the UK to understand how they view the market. We are also grateful to Hubble for allowing us to use its data on demand for flex space within the London market.


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