Publications

- March 1, 2018: Vol. 12, Number 3

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Unpacking serviced offices:Why flexible business hubs are increasing in number

by Giles Fuchs

The commercial office sector is defying global political uncertainty, as momentum continues to build in the world’s major markets.

An increasingly significant part of that growth can be attributed to the rise of flexible working and its need for serviced offices. The subsector’s fundamentals are underpinned by a generational and tech-driven transformation in the way we work; expected stronger economic growth in the EU; and a greater commitment by institutional investors to the sector. These three factors should ensure that it continues to expand and emerge as a key part of Europe’s commercial office market.

Fast-paced growth of serviced offices has been a key feature of many domestic commercial office markets over the past few years.

During the first quarter of 2017, serviced office providers increased their share of total take-up in towns and cities across the world. In the UK and Europe, business hubs have witnessed particularly strong growth. In Birming

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