Publications

- May 1, 2019: Vol. 13, Number 5

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Stifling competition: By interfering in the running of the Internet, politicians may end up damaging Europe’s flexible office market

by Marek Handzel

As far as most commentators are concerned, there’s about as much chance of demand for flexible office space in Europe slowing down as there is of Mrs. Merkel announcing that Germany is to hold a referendum on its membership of the European Union.

In March, Savills published research showing that flexible office space take-up in 2018 increased by 20 percent in Europe, year-on-year, to reach near enough 830,000 square metres across the 20 major European cities that the company monitors. This expansion is changing the face of the office market. Almost a quarter of office space is now flexible in Stockholm; in Brussels the figure is bout a fifth. London, Paris, Warsaw and Dublin also have high take-up levels.

Overall, co-working spaces account for 9.9 percent of the total office sector in Savills’ universe. Three years ago, the share was below 3 percent. Savills also expects the office subsector to grow in smaller, “second” cities, such as the Polish and Swedish ca

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