EVOLUTION IS KEY IN FLEX SPACE MARKET

摘要

Last October, the volume of 'grey space' -office space no longer needed by occupiers - available in London hit 5m sq ft and this number is expected to grow this year. This surplus space is a major problem for landlords. They need to find tenants for it, but the number of large corporates with sizeable office requirements is dwindling as we move to a new normal where remote working is more prevalent. As a result, a growing number of landlords are exploring becoming flex workspace operators. But how can they smoothly make the transition from letting tens of thousands of square feet to single businesses to potentially letting single desks or offering day passes to space users?