London flex office sector poised to recover from Covid slump

摘要

Colliers predicts demand from flexible office space providers in London will bounce back this year after nosediving last year as a result of the pandemic. London saw approximately 217,000 sq ft of office take-up by flex providers in 2020, compared with take-up of more than 1.7m sq ft in 2019, as Covid-19 put the brakes on demand for space. However, Mark Bott, head of serviced offices at Colliers, says that the flex market is poised to take off again "but in two slightly different ways". He says the sector can expect to see more "localised suburban hubs that reduce the commute time but provide a more professional and social environment for staff than a home office" as well as "a reduction of operators within city centre locations as landlords adapt and become involved in designing, delivering and, in some instances, managing offices that are hospitality-led".