Europe’s Cities are Embracing Flexible Workspaces

Europe’s Cities are Embracing Flexible Workspaces

updated December 19, 2018

JLL’s Flexible Space: Transforming Real Estate report delves into the state of the coworking sector in the European market. It outlines how Europe’s flex space footprint has doubled since the beginning of 2015 and how, in 2017 alone, flexible workspaces grew by 29%. Coworking set-ups are fast becoming part of normal office life in Europe, and a small but increasingly significant part of the office markets.

Thriving startup scenes are a major contributor to the growth of flexible workspaces in places such as Amsterdam, Berlin and London. Amsterdam now has the highest flex space concentration globally, accounting for 5.6 percent of its total office stock, which puts it ahead of most mature office markets.

“Growth in flexible space is being driven by changes in how, when and where people work with as much as 30 percent of the working population already working in the on-demand or gig economy,” says Alex Colpaert, Head of Office Research at JLL EMEA.

Corporate attitudes are also evolving past the traditional 9-5 views, “Many larger companies now realize that, to compete in the digital age, they need to attract and retain skilled people who are unlikely to relish traditional office environments,” says Colpaert.

“Flex space growth rates – and its impact on the office market – cannot be ignored,” he notes. “Not all businesses will require flexible workspace, but the vast majority will significantly increase their usage over the next five years.

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