In 2022, 46 percent of surveyed office landlords, fund/asset managers, REITs, and private owners in the United Kingdom (UK) were open to the idea of receiving rent from flexible workspace operators based on their profit or revenue. Flexible office space refers to 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. Half of respondents also shared that they would be comfortable with letting between 10 and 25 percent of a building as flex space.
Office landlords' opinion on receiving rent from flexible office operators based on revenue or profit in the United Kingdom (UK) in November 2020 and June 2022
Office landlords, including fund/asset managers, REITs, and private owners.
Supplementary notes
Respondents were asked: "how open are you to considering a management agreement (receiving rent based on the revenue or profit of your tenant) with a flexible office operator?"
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Savills. (July 25, 2022). Office landlords' opinion on receiving rent from flexible office operators based on revenue or profit in the United Kingdom (UK) in November 2020 and June 2022 [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/1264319/office-landlords-opinion-on-management-agreement-with-flex-workspace-operators-uk/
Savills. "Office landlords' opinion on receiving rent from flexible office operators based on revenue or profit in the United Kingdom (UK) in November 2020 and June 2022." Chart. July 25, 2022. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/1264319/office-landlords-opinion-on-management-agreement-with-flex-workspace-operators-uk/
Savills. (2022). Office landlords' opinion on receiving rent from flexible office operators based on revenue or profit in the United Kingdom (UK) in November 2020 and June 2022. Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/1264319/office-landlords-opinion-on-management-agreement-with-flex-workspace-operators-uk/
Savills. "Office Landlords' Opinion on Receiving Rent from Flexible Office Operators Based on Revenue or Profit in The United Kingdom (Uk) in November 2020 and June 2022." Statista, Statista Inc., 25 Jul 2022, https://www.statista.com/statistics/1264319/office-landlords-opinion-on-management-agreement-with-flex-workspace-operators-uk/
Savills, Office landlords' opinion on receiving rent from flexible office operators based on revenue or profit in the United Kingdom (UK) in November 2020 and June 2022 Statista, https://www.statista.com/statistics/1264319/office-landlords-opinion-on-management-agreement-with-flex-workspace-operators-uk/ (last visited December 21, 2024)
Office landlords' opinion on receiving rent from flexible office operators based on revenue or profit in the United Kingdom (UK) in November 2020 and June 2022 [Graph], Savills, July 25, 2022. [Online]. Available: https://www.statista.com/statistics/1264319/office-landlords-opinion-on-management-agreement-with-flex-workspace-operators-uk/