Flexible office space has traditionally been seen as the domain of start-ups and scale-ups, becoming the go-to option for companies in early growth mode.
Landsec's flexible office brand Myo has opened its latest workspace in King's Cross in London, which at 80,000 square feet is close to double its other space, as well as being one of the largest flexible office buildings in the capital.
Location, transport connectivity and WiFi quality continue to be the key factors for occupiers in London’s flexible office market, according to research from Savills' flexible office specialist Workthere and property investment and development company Great Portland Estates.
Vallist, a Singapore-based workspace advisory and management platform founded by the former Americas executive at WeWork, is set to launch the operational arm of its business in London’s Holborn area.
Workspace Group, the London owner and operator of flexible and sustainable work space, has signed a lease agreement with Wild Cosmetics following its acquisition by Unilever.
International Workplace Group, the world’s largest hybrid workspace platform, said it had opened more locations in the past six months than it did in its first decade in business as it said growth across its platforms was supporting increased shareholder returns.
GPE has completed of its latest Fully Managed building at 141 Wardour Street, W1, with around two-thirds of the refurbished offices let or under offer.
The length of an average London flex office agreement has clocked in at 22 months, the longest length since figures were first recorded in 2020, according to CBRE.
There has been a 12% increase per transaction in the number of desks that flexible occupiers are taking, as right-sizing continues to drive enquiries, reports Workthere, Savills' flexible offices advisory platform.
SmartLabs, the provider of flexible laboratory infrastructure and resourcing solutions, and International Workplace Group (IWG), the world's largest flexible and hybrid workspace platform with brands including Regus and Spaces, have announced a 10-year global partnership targeting demand for fully managed lab space.
Global flexible workspace provider Industrious has secured a WELL Coworking Rating for its UK portfolio, which it says makes it the largest provider to obtain the rating.
Crosstree Real Estate Partners has completed its acquisition of London-focused high-end serviced office business Argyll from Alpine Grove Partners and The Baupost Group for around £330 million.
Flexible workspace provider InfinitSpace has entered into a management agreement with Valeo Capital to open its fourth, and biggest, flexible workspace location, comprising 103,000 square feet in central London, CoStar News can reveal.
A key theme emerging in London and across the UK is the strategic repositioning of existing flex space. This includes both ex-operator stock and space previously run by landlords themselves, now ripe for conversion or reactivation under new flex management.