Research 2018. Global cities look to flexible workplaces
London has cemented its position as the global leader for flexible workplaces, easily outstripping New York in terms of both space and number of operations. Since 2012, flexible workplace leasing has represented an average of 2.9% of the market in Manhattan, compared to 10.6% in London.
Elsewhere, although from a lower base, there are a number of other European cities seeing real growth trends in the sector. For example, in Dublin, flexible workplace take-up increased from 0.7% of total take-up in 2016 to almost 7.9% in 2017. Similarly, Munich recorded 375,000 sq ft of take-up in 2017 compared to 77,000 sq ft in the whole of 2016. France is currently working on reforms to increase flexibility in the workplace. Station F, a new start-up superhub in Paris which opened in June, can house up to 1,000 start-ups.
Finally, in Spain, the flexible workplace market is also developing in both Barcelona and Madrid with business centres like WeWork, Regus and other collaborative spaces increasing their offer. In 2017 there has been more than 315,000 sq ft of take-up with the trends expected to grow across both cities.