CBRE anticipates that the London flexible office market will reach 50 million square feet by 2030.
The flex market now represents 12 percent of the total London office market. CBRE estimates this will rise to 20 percent by 2030, largely driven by evolving occupier demand for flexible solutions and increased landlord participation in the sector.
The evolving landscape of the office market and a heightened focus on customer service have prompted CBRE to define a new segment, the “shadow flex market,” which encompasses traditional office space not explicitly marketed with flexible terms, but available through negotiation.
All other subsegments are expected to experience substantial growth. “Brandlord” space, defined as flex brands that are created, operated, and managed by landlords, is predicted to reach 3 million square feet by 2030, representing a 200 percent increase. CBRE expects managed flex space to increase by 70 percent, reaching 12 million square
