Accelerating Demand for Flexible Office Workspaces
Instant’s latest UK review has landed, and what’s the first notable change? A new name. Last year’s report was entitled ‘Serviced Office Review’ and this year it’s been upgraded to ‘Flexible Workspace Review’.
It’s a switch that OT heartily agrees with, as we discussed at length during the GCUC.All Conference (a workspace conference that brought the worlds of coworking and serviced offices together for the first time). We are all bound by a common trend of workspace flexibility, and today’s market is packed with innovative hybrid workspaces offering a rich blend of services.
But of course that’s not the only thing we noticed.
Instant’s UK Review is an inspiring story of a growing and increasingly diversifying UK market. Let’s start with the main UK highlights:
- The total number of UK business centres offering flexible workspace grew by 11 per cent across the UK in 2015/16 and now totals 3,290 centres (including co-working spaces).
- Enquiries for flexible space were up 21 per cent for the UK in total.
- London experienced the biggest increase of space at 16% but double-digit growth is also evident across the regions.
- The supply of flexible workspace in London has outstripped conventional office space by some margin in the last year (when compared with Estates Gazette research), and this trend seems set to continue into the future. Read More…