Scotland’s flexible workspace sector is expanding fast driven by demand that is growing by at least 25% annually in all major cities. It should come as little surprise that flexible workspace operators are looking to establish bases in Scotland’s major cities.
Current valuation calculations for flexible workspace centres are not fit for purpose and a market accepted valuation model is now needed if the sector is to continue to flourish.
Douglas Green suggests that MLI landlords and the wider sector have a lot to learn from the flexible workspace sector, where landlords and operators alike can profit from a growing industry which promises strong rewards on investment
Which cities are seeing rising demand for shared office space?
News that WeWork is set go public means the question of whether the company’s eye-watering valuation of $47bn (£36bn) is credible will finally be put to the test.
Douglas Green discusses the opportunities available to property owners looking to break into the flexible office market as more and more businesses occupy flexible workspaces in favour of its cost efficiency and scalability.
The booming flexible workspace sector may offer a secure source of income at a time of global uncertainty. Douglas Green investigates
The UK’s flexible workspace market has never been more vibrant, writes Douglas Green, director at GKRE. Annual growth is at double-digit levels and is projected to remain so for at least the next five years.
I expect a feature of 2019 to be the increasing involvement of property owners in the flexible workplace market. Landsec and Legal & General are the latest property owners to launch flexi offerings, following British Land and The Crown Estate into this growing sector.
The UK’s flexible workspace sector has had an exciting year. Growth has continued at double-digit rates, new operators as well as new entrants such as financial institutions and funds have emerged all with sharply different offers. All this has combined to significantly reshape the flexible office market but we expect even more change to come – here are five predictions for 2019