Property Funds World has reported that demand for flexible workspace in the UK is up 37% for the 6 months to 17 June 2021 in comparison to the same period of 2020 (source, The Instant Group). 


Demand for flexible space is bouncing back from what was a difficult end to 2020. This increase is driven by employers wanting to bring workers back into an office whilst offering talent a better work-life balance with reduced commuting times. 


This increase in the short-term is supported by the longer term trend of organisations taking a “shorter term view of their real estate portfolio”. Consequently, average lease times have decreased from 10.4 months in June 2020 to 8.9 months in June 2021.


It’s a similar story in the US. According to Bisnow, who quote data from Upsuitedemand for flex office space increased 41% nationally from Q1 to Q2 this year. 



Sources: Property Funds World article, The Instant Group