Flexible office space operated by Regus in the UK 2018, city

In 2018, Regus was one of the largest players on the United Kingdom (UK) flex workspace market. In Central London only, the company operated 2.1 million square feet of flexible office space. 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.