Cost of rent of coworking space in CBDs of selected cities Europe H1 2020

At 167 euros per square meter per month as of the first half of 2020, London had the highest cost of coworking space rent among the 15 European cities surveyed. It was also outlined as the number one hotspot for flexible office space in Europe for 2019 and 2020. 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.