Demand for office space in London from flexible workspace providers has reached one of its lowest levels for at least a decade. Rolling 12-month take-up by flex providers fell to just over 400,000 square feet in the second quarter of 2025, over 40% below the five-year average. Levels are now more than six times lower than the peak years of 2018 and 2019.
London flex office demand hits decade low amid market shift and tech sector caution
Rolling annual take-up falls to 87% below peak, though long-term growth in AI and fintech could revive demand
CoStar Analytics
July 24, 2025 | 1:18 P.M.
This news story is available exclusively to CoStar subscribers.
Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.
This news story is available exclusively to CoStar subscribers.
Ready to Learn More?
Sign Up For a Personalized Demo.
Sign Up For a Demo To Learn More.
Already A Subscriber? Sign In
IN THIS ARTICLE
- Properties
- The Jellicoe
Beaconsfield St, London, LND