UK work gets even more flexible
Flexible office space has spiked 10% in the UK in the past 12 months, representing almost 825,000 desks. And the sector is pulling in new entrants in addition to the regular likes of Regus, Bizspace, WeWork and Servcorp, reports The Instant Group.
“Strong demand for flex options and a competitive market for conventional space have meant the long-tail of small scale and localised providers has mushroomed,” the outfit says. “There are now more than 2,800 companies that have flexible office space as part of their portfolio.”
Smaller operators may serve unique but growing segments of the market, such as specialist TMT or women-only spaces. And as the sector matures in London new centres are opening in boroughs outside of the city centre, such as Barnet and Hounslow. Also increasingly in the mix are commuter towns such Cobham, Luton and Chelmsford.
And co-working is still flavour of the day.
Globally scale, 1.6m people used co-working space in 2017 with some 14,000 centres in operation, according to Small Biz Labs estimates. And while most users do not use co-working space daily, 70% head to the location at least three days a week.
Image: The Instant Group