Flex space UK Research | 33
Liverpool market overview
Liverpool is one of the largest regional flex markets, with an estimated stock of around half a million sq ft. The sector is clustered in the city core and in the Ropewalks and Baltic Triangle area. The sector has expanded since 2015 and the offer has evolved, with almost half of the space now being in hybrid centres. Bruntwood operates around 17,000 sq ft of flex space in the Plaza, while Regus, Orega and Citibase have all opened new centres in the last two years.
Newcastle market overview
Newcastle has a well-established flex space market. The supply of space has steadily been increasing over the last ten years and we estimate that there are more than 50 centres. As with many tier two cities, the offer is dominated by traditional serviced offices, with few co-working or hybrid operators present. Of the national operators, Citibase and Regus both have three centres in Newcastle, while Bizspace and Spaces are also present.
Nottingham market overview
Leasing activity to the flex sector has been moderate and the sector amounts to just over 2.0% of the CBD office stock. Operators are mainly independent, typically providing serviced office facilities but there are a handful of co-working spaces across the city. One of these is Dispace, which launched in the city in 2018 and revitalise non-office space, with two venues in a pub and a hotel. Of the national operators, Regus, Citibase and Bizspace operate centres in Nottingham.
Flex space as % of total stock
Number of self-employed (Primary Urban Area)
5.0% 12,700
Number of national operators
3
Flex space as % of total stock
Number of self-employed (Primary Urban Area)
5.0% 17,700
Number of national operators
4
Flex space as % of total stock
Number of self-employed (Primary Urban Area)
2.2% 11,700
Number of national operators
3
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