Flex space UK Research | 32
Beyond the Big 6 Belfast market overview
The Belfast flex space market is expanding in response to the evolution in ways of working and the growth of new businesses particularly in the tech sector. There are more than 30 centres in the city, which account for around 4.5% of the office stock. Much of the growth has come from hybrid centres, while several co-working spaces have also opened. Recent entrants include BE offices, which operates a managed solution, and Clockwise, which is the newest arrival in the city and provides a hybrid offer.
Flex space as % of total stock
Number of self-employed (Primary Urban Area)
4.5% 30,000
Number of national operators
2 Cambridge market overview
The Cambridge flexible space market is polarised between smaller co-working operators in the CBD and larger operators in the outlying areas of the city. Regus has centres at Vision Park and Cambourne Park, while Central Working has partnered with Trinity College to set up a centre at Cambridge Science Park. Demand is supported by the number of high-end businesses and spin offs from the university and the city is well placed for further flex space expansion.
Cardiff market overview
JLL estimates that the flex sector accounts for 2.5% of the office stock. Centres typically provide serviced offices, but there has been a gradual influx of co-working centres since 2010. These include Indy Cube, which has set up multiple centres in the city alongside not-for-profit organisations who provide cost effective desk space. There are few multicentre or national operators, except for Regus, which has three centres in Cardiff, and Bizspace.
Flex space as % of total stock
Number of self-employed (Primary Urban Area)
1.5% 4,400
Number of national operators
3
Flex space as % of total stock
Number of self-employed (Primary Urban Area)
2.5% 8,500
Number of national operators
2
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35
