The proportion of global flexible office spaces that are profitable at an operating level has increased over the last 12 months from 79 percent to 82 percent, according to new research from Workthere.
The Flexmark report, which surveyed flexible office providers across the globe to provide a benchmark of the sector, also found that the number of global flexible office providers that have made a profit has grown from 79 percent to 82 percent over the last year, with providers that have recorded profits over 26 percent increasing to 16 percent of respondents.
“Given the challenges of the last 12 months, it is interesting to see that a portion of providers globally have increased their profitability at an operating level,” said Cal Lee, global head of Workthere. “This is particularly relevant given that our research shows that occupancy levels have decreased for both private and dedicated desks, which generally capture the larger share o
