Flexible office space, also referred to as coworking space or shared office space, refers to commercial office space that allows short-term leases to individuals, freelancers, small and medium enterprises, and other professionals. In contrast to traditional offices, flexible offices provide equipped and serviced office premises without long-term rent commitment. Multiple factors influence the increasing demand for flexible office space, such as economic growth, job creation, innovation and property market fundamentals. In 2018, the global coworking giant WeWork played a major role on the flexible workspace market in Central London with deals exceeding 62.4 thousand square meters. One of the biggest deals outside of London was also a leasing by WeWork.
Major deals in flexible workspace real estate in Central London in the United Kingdom (UK) in 2018
(in square meters)
Characteristic
Flexible office space in square meters
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Colliers International. (July 3, 2019). Major deals in flexible workspace real estate in Central London in the United Kingdom (UK) in 2018 (in square meters) [Graph]. In Statista. Retrieved September 01, 2024, from https://www.statista.com/statistics/1091839/coworking-deals-central-london/
Colliers International. "Major deals in flexible workspace real estate in Central London in the United Kingdom (UK) in 2018 (in square meters)." Chart. July 3, 2019. Statista. Accessed September 01, 2024. https://www.statista.com/statistics/1091839/coworking-deals-central-london/
Colliers International. (2019). Major deals in flexible workspace real estate in Central London in the United Kingdom (UK) in 2018 (in square meters). Statista. Statista Inc.. Accessed: September 01, 2024. https://www.statista.com/statistics/1091839/coworking-deals-central-london/
Colliers International. "Major Deals in Flexible Workspace Real Estate in Central London in The United Kingdom (Uk) in 2018 (in Square Meters)." Statista, Statista Inc., 3 Jul 2019, https://www.statista.com/statistics/1091839/coworking-deals-central-london/
Colliers International, Major deals in flexible workspace real estate in Central London in the United Kingdom (UK) in 2018 (in square meters) Statista, https://www.statista.com/statistics/1091839/coworking-deals-central-london/ (last visited September 01, 2024)
Major deals in flexible workspace real estate in Central London in the United Kingdom (UK) in 2018 (in square meters) [Graph], Colliers International, July 3, 2019. [Online]. Available: https://www.statista.com/statistics/1091839/coworking-deals-central-london/