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Sign in Sign up for a FREE subscriptionWeWork IPO delay: Undeniably ‘cool’ trend, but sector carries high risk
The flexible office market, while not a new concept, has gained a lot of attention and grown rapidly — particularly since 2014.
Demand has been driven largely by the expansion of start-ups and SME businesses since the end of the global financial crisis — facilitated by technology and the growth of knowledge-based sectors.
The supply of flexible offices has increased exponentially in gateway cities such as London — where new global entrants, for example WeWork, have joined London-focused companies, such as The Office Group, Spaces and Workspace.