Flexible workspace providers are acquiring new stock at an ever accelerating pace
Flexible workspace providers are acquiring new stock at an ever accelerating pace, and will remain a key feature of the London office market in the future. As working practices continue to evolve, many employers, contractors and freelancers alike will experience an increasing need for flexibility in their accommodation. In addition, technological disruption will create a growing need for short-term, flexible project space; for corporates, flexible options will provide convenient solutions.
There will also continue to be many businesses for whom traditional office space will be the appropriate option. Occupiers with more stable and predictable growth projections may find considerable cost savings through opting for a traditional lease, despite the capital expenditure involved in a move. This is particularly true for larger corporates. Occupier requirements are evolving to incorporate increased levels of flexibility. If traditional landlords can adapt to provide this, then we believe flexible working solutions can flourish alongside, not at the expense of, existing landlords.
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