Coming out on top: Who will triumph in London’s 2020 flexspace market?
The flexible office sector has enjoyed rapid growth over the past five years in London. Flexible workspace broker Office Freedom has estimated that, on average, a new co-working space opens up every five days in the UK capital. Indeed, in the Q3 2019 Estate Gazette London Office Analysis, for the first time ever, the flexible office sector was responsible for the largest amount of take-up of leased space — representing 30 percent of total take-up.
It is clear that the flexible market is now an important part of the wider London office sector, but why has it grown so rapidly, and why now? Many factors have come together to drive this change. Technology, in the form of better messaging and video tools, has allowed businesses to have a more flexible approach to where their employees work.
At the same time, we are seeing a cultural change in the world of work. “Wellness” has turned from a buzzword to an incentive, and businesses are now prioritising the need