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.
