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Flex Forward - The flexible workspace report 2020

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The Flex Forward report highlights how markets such as Hamburg, Vienna, Moscow and St. Petersburg saw relatively strong flexible workspace take-up levels during the first half of 2020, accounting for up to 30 per cent of total office take-up. Although there were some notable cancellations in commitments, 162,000 sqm of new flexible workspace opened bringing the flexible share of modern office space to just under two per cent, on average in the region. While the volume of flexible office expansion has slowed, there has been a 1.6 per cent expansion in the first half of 2020.

Tom Sleigh, Head of Flexible Workspace Consultancy at Colliers in London said: “The office has been a key focal point of the pandemic as across the world people have suddenly found themselves working in a new environment, usually at home on their kitchen tables or in dedicated home offices. While the flexible workspace sector has not been immune to the effects of the pandemic there is no need for concern around a sector demise. 

“Instead we are seeing occupiers’ real estate practices becoming more modern and occupiers looking to utilise flexible solutions in the industry to tackle short, as well as medium-term challenges. Landlords are also increasingly enquiring about how they can diversify their asset offering into this market, indicating that there will be further growth in the sector over the next year or so.”


The Flex Forward report also examined the various options for occupiers and landlords looking to utilise flexible workspace within their portfolios, setting out the various options available. 

Tom added: “The beauty of this solution is its flexibility and its diversity in the EMEA region, as we see local operators are able to tailor their offering to local occupier demand. We’ve found that no one transaction or occupier agreement is the same, they all have their unique differences to suit the needs of all parties. Flex Forward offers an insight into some of these options and how they can be applied to a modern commercial real estate strategy.”



Flex Forward

Flex Forward - The flexible workspace report 2020

Download Report