Coworking space leased in selected cities in Europe H1 2020

In the first half of 2020, flexible workspace space operators in London leased 28.4 thousand square meters of workspace in total. The preferred locationsfor investment and development of a flexible office space were the central business districts, with most European coworking hotspot cities having the majority of their coworking spaces there. Flexible office space, also referred to as coworking space or shared office space, refers to commercial office space that allows short-term leases to individuals, freelancers, small and medium enterprises, and other professionals. In contrast to traditional offices, flexible offices provide equipped and serviced office premises without long-term rent commitment. Multiple factors influence the increasing demand for flexible office space, such as economic growth, job creation, innovation and property market fundamentals.