Office landlords' expectations about increased demand for lease flexibility UK 2021
In 2021, approximately 75 percent of surveyed office landlords, fund/asset managers, REITs, and private owners in the United Kingdom (UK) expected that their tenants will demand more flexible leases in the future. Flexible office space refers to 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. According to the vast majority of UK real estate professionals surveyed in 2021, offering flexible workspaces as part of office real estate is overall positive for business.
