Published by Maria Bichl on Nov 30, 2021
London is home to one of the largest, most diverse and well-renowned commercial real estate (CRE) markets in the world.
Current figures show that there are more than 1.1 million private companies located in the UK’s capital. These vary from exciting high-growth startups in tech hubs through to financial powerhouses in the so-called Square Mile, from global brands on the high streets through to enterprising SMBs everywhere you turn.
However, peel away the surface and you can see that there are significant changes taking place within the historic buildings that line London’s streets. Commercial properties are changing, none more so than office buildings, which are already looking markedly different from what was the case in decades gone by.
Put simply, the flexible working revolution has taken hold. Indeed, London is an undisputed frontrunner when it comes to embracing flexible working practices – many CRE landlords have opened their eyes to the benefits, with tenants demanding flexible workspaces in ever greater number.
Demand for flexible workspaces in London were 32% higher in the first six months of 2021, compared to the same period a year earlier.
It is a reflection of where the market is headed, with more and more businesses looking for flexible leases and workspaces that drive collaboration, creativity and an amazing experience for their employees. The pandemic has kicked this trend into overdrive, forcing organisations to reconsider what they want from their office, and how they can best inspire staff to recommence commuting to work, if only once or twice a week.
Primed for disruption
London’s CRE market is, then, primed for disruption. It has a huge population of businesses. It has already started to embrace the flexible working movement. And prospective tenants are increasingly moving away from traditional, long-term leases in favour of workspaces that truly meet their needs post-pandemic. But much more must be done to develop future-proof offices.
infinitSpace is alert to this trend. We are experts in global CRE sectors, with a great deal of experience in many leading markets, such as Germany, Israel, the Netherlands and the UK. From day one, London was identified as a key location for us to offer our services to landlords.
So, how can we help?
In short, we enable office landlords to provide a flexible workspace. We do this by working closely with the individuals or groups who own the building, and we guide them through the process by doing the “heavy lifting” along the way:
Many CRE landlords in London understand that to remain relevant, they need a progressive flexible workspace offering within their portfolio. However, we are only at the start of the journey, and many office landlords need support to keep pace with the rate of change taking place in the city right now.
infinitSpace is the solution these landlords need. Get in touch today to start a conversation about how we can help you seize the benefits of the flexible working revolution.