Flexible workspace sector sees strong recovery in EMEA region

EMEA markets with low levels of existing flexible workspace have seen the greatest growth in new flex operations over the first half of 2020, according to Colliers International. “The office has been a key focal point of the pandemic, as across the world people have suddenly found themselves working in a new environment, usually at home on their kitchen tables or in dedicated home offices. While the flexible workspace sector has not been immune to the effects of the pandemic there is no need for concern around a sector demise,” said Tom Sleigh, head of flexible workspace consultancy at Colliers. “Instead we are seeing occupiers’ real estate practices becoming more modern and occupiers looking to utilize flexible solutions in the industry to tackle short- as well as medium-term challenges. Landlords are also increasingly enquiring about how they can diversify their asset offering into this market, indicating that there will be further growth in the sector over the next year or so.”