According to Savills, in the first half of the year, the share of flexible offices in total demand for office space in Europe reached 4%.
“Across Europe, we are seeing a post-pandemic recovery in the flexible office sector, as companies that remain focused on proper cost management seek to acquire the best space available in the market. With occupancy rates rising to 85%, we anticipate that the share of flexible office operators in the European market will increase to around 5-8% by 2024.” –
says Ed Bouterse, director of Worthere Europe and its flexible office portfolio management division in EMEA.
“As a result of stable demand and higher occupancy rates, the cost of renting a workstation for flexible office space in London, Amsterdam and Warsaw rose by 10% year-on-year. We observe that they are also increasing in other markets in Europe for the same reasons.” –
Ed Bouterse adds.
“Given the apparent scaling back of employers’ hiring plans over the past three-six months, occupancy growth in the flexible office market will be driven by companies that are interested in flexible leasing and optimizing their occupied office space.” –
comments Mike Barnes, Associate Director, Research Europe, Savills.
“In addition, we are seeing an increase in demand for best-in-class flexible office space for reasons related to both ESG and the need to attract and retain top talent, and this often involves providing them with the best possible amenities.” –
Mike Barnes adds.
“In Warsaw, companies are looking for the most attractive locations and best-in-class space that would enable them to attract talent and guarantee better working conditions. Encouraging employees to be present in the office and building the right culture is of particular interest to newcomers to the market. The amenities offered are also crucial in this regard.”
comments Thomas Jodar, Associate Director, Workthere project leader in Poland.
