Major deals in coworking space in UK 2018

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. In 2018, the global coworking giant WeWork played a major role on the flexible workspace market in the United Kingdom. It participated in one of the largest deals outside of London, leasing more than seven thousand square meters on Dalton Place, Manchester City. In Central London, WeWork's new deals exceeded 62 thousand square meters.