Flex and the City report provides insights into the flexible office market

New report on flexible office market in London, published by Hubble HQ

Flex and the City 2019 survey by Hubble
The report entitled Flex and the City is full of useful data and insights into the flexible office market.Whilst conventional leases require businesses to commit to an office for 5-10 years, flexible office space has much lower minimum terms, and is usually charged on a monthly rolling basis. Often serviced, this takes the hassle out of office management, simplifies costs into an all-inclusive monthly fee, and enables businesses to grow at their own pace.Introducing the report, Elaine RossallHead of UK Offices Research & Strategy and partners to Hubble HQ said, “The flexible office market in central London is by far the largest and most developed in the UK. The sector has seen its footprint expand rapidly over the five years from 2013, increasing by 26% per annum, compared to just 9% per annum in the previous five years.“At the end of 2018, JLL estimates that there was 14.7 million sq ft, equating to 6.3% of the total office stock. Looking forward, we anticipate that the sector will expand further, in response to growth in demand from larger companies and changes to the way we work – we estimate that by 2023 it will account for 11% of the office stock.”The report is available to download for all at: hubblehq.com flex-and-the-city-2019 For related news and features on short term accommodation, visit our Serviced Apartments section.Subscribe to Relocate Extra, our monthly newsletter, to get all the latest international assignments and global mobility news.Relocate’s new Global Mobility Toolkit provides free information, practical advice and support for HR, global mobility managers and global teams operating overseas.Global Mobility Toolkit download factsheets resource centreAccess hundreds of global services and suppliers in our Online DirectoryClick to get to the Relocate Global Online Directory