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The rise of the flexible office

07 November 2018

Today sees the publication of the Disruption or Distraction study byJLL, which predicts that there will be "huge growth" in flexible office space.

This trend can already be seen to be impacting on the FM sector, with a growing number of companies choosing to lease desk space on a short-term basis.

By 2023, the market is expected to reach a size of 107m sq ft across by Europe and described by JLL as "one of the biggest shifts in the real estate industry we've ever seen".

Flexible office space is expected to continue to grow and will see it attribute for 30% of corporate portfolios by 2030.

London has been one of the most active areas for flexible office space growth since 2014, with the trend now evident in France, Germany and other key markets.

Growth was first seen in London in 2012, said JLL, reaching 2.2m sq ft by 2017, seen as the highest level to date.

The London flexible office space market currently stands at 1.3m sq ft so far this year, which is 16% of the overall figure.

JLL attributes the growth of the gig economy to be the main driver of flexible working space, which now employs approximately 30% of the UK workforce.

The latest report matches the findings of a recent meeting of the PFM Editorial Advisory Board, where a presentation from Cushman & Wakefield discussed the growth of flexible working.

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