Flex space UK Research | 26 Edinburgh Market overview
Flex workspace providers occupy a modest 1.8% of Edinburgh’s total office stock, comprising 413,000 sq ft across the city centre. The largest flex operator by some margin is Regus, who occupy 184,500 sq ft in six city centre and west Edinburgh locations.
Recent take-up has been steady, with similar levels leased in both 2017 (38,000 sq ft) and 2018 (39,000 sq ft), following a blip in 2016. We expect stronger take-up in 2019, driven in part by WeWork, who has recently agreed to open its first location in Edinburgh.
Edinburgh’s status as one of the UK’s fastest growing tech hubs is reflected in the diversity of the city’s flex workspace offerings. Codebase, a tech incubator, operates across a 76,600 sq ft site which was first established in 2014/15, while a few smaller niche operators also cater for Edinburgh’s start-up community.
Flex take-up, 2014-18 50
40 30 20 10 0 2014 Source: JLL 2015 2016 2017 Edinburgh flex take-up 1Relates to office-based proxy sectors 2018 WeWork Instant Offices Source: JLL Demographics (Primary Urban Area)
Population 519,600
Numbers employed in technology
(Primary Urban Area) 16,800 Self employed1 (Primary Urban Area) 16,700
Key flex transactions 2017-2019 Operator
Regus Address
One Lochrin Square,
Fountainbridge 80 George Street
60 South Gyle Crescent
Size, sq ft 45,300
40,585 23,558
Largest operators Operator
Regus
Codebase Citibase WeWork*
Instant offices Source: JLL
Flex market
Flex office stock 412,600 sq ft
Average flex operator size
16,500 sq ft
Flex share of office stock
1.8%
Space occupied, sq ft No. of locations 184,479 76,566 41,231 40,585 23,558
6 1 2 1 1
*opening soon
Sq ſt thousands
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