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Flexible Workspace Update | May 2020

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Within this report our analysis of the EMEA office markets in 2019 showed continued expansion in the demand and supply of flexible workspace (+7% year-on-year), albeit at a much slower rate than in 2018 and 2017.

The flexible workspace market continued to grow in 2019 however, the end of the year was marked by a slowdown in new site acquisitions. This in part was due WeWork’s failed IPO and resulting retrenching from expansion, but also the wider market pausing to take breath after three years of extreme supply growth. The sector performed very strongly in 2019, with demand continuing to broaden as more occupiers understand the benefits of outsourcing their office delivery to flexible providers.

 


Flexible Workspace Update | May 2020

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United Kingdom

Istvan Toth

Director

EMEA Headquarters

I've been in the real estate industry since 2005 and joined Colliers as a data scientist in their EMEA research team in 2018. In my career I have worked across the various property sectors and I have viewed at the markets from both the occupational and investment perspective. Having obtained a widespread understanding of the European property markets, I am currently focusing on making sure to transform raw RE market data into meaningful and forward thinking analyses and reports.

"Data powers everything that we do."

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United Kingdom

Tom Sleigh

Head of Flexible Workspace Consulting

EMEA Headquarters

Tom Sleigh joined Colliers in 2019 as Head of Flexible Workplace Consultancy in the EMEA region. Tom supports occupier clients in the execution of their flexible workspace strategy and requirements, in addition to advising flexible operators on their expansion strategy throughout EMEA. He also supports real estate investors considering entering the sector, specialising in partnerships between asset owners and operators. 

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