COWORKING 2018 - THE FLEXIBLE WORKPLACE EVOLVES

This piece of research by Cushman & Wakefield idenitfies the rise of Flexible workplace across the UK. Despite the focus on London, around two thirds of the UK flexible workplace is located outside the capital including the likes of Birmingham, Bristol, Cardiff, Edinburgh, Glasgow, Leeds, Manchester and Newcastle. A new breed of flexible office operators who constantly challenge the traditional business model is now disrupting the real estate industry.

The rise of the flexible workplace has been one of the driving factors of recent positive office performance, particularly in Central London.

Across Central London alone, flexible workplace providers have taken nearly 20% of office space, while competition in the regional cities is intensifying.

In response to such growth, industry stakeholders are rapidly examining their approach not only to the sector but also to flexibility in general.

How will this fast growing sub sector evolve and what does it mean for traditional office space? In this report, we consider how the sector has expanded across Central London and the UK regions and how business models from both operators and landlords are adapting to changing customer demands.

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