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According to new research by CBRE, London has the largest share of flexible office stock of any European city, currently offering nearly 12 million sq ft. Paris now comes in second with an offering of 4.7 million sq ft.
According to CBRE’s advisory and transaction services for occupiers, Stewart Smith, “Whilst the demand for space from operators seems to continue unabated, what remains clear is how the use of flex or coworking space is rapidly rising up the corporate agenda. This demand will continue to drive transactions of increasing scale.”
Commenting on these new figures, head of CBRE occupier research EMEA, Richard Holberton, said: “As these figures show, London commands a position of dominance and relative maturity, and is the major player in Europe when it comes to flexible working.”
This news was brought to you by Morgan Pryce, a specialist tenant acquisition agent with offices in Oxford Circus and the City. Morgan Pryce specialises in search, negotiation and project management and works exclusively for tenants.