European Flex Offices Autumn 2022

A series of global supply chain shocks continues to cloud the macroeconomic outlook, however changing occupiers demands on how office space is best used will continue to heighten the flex sector’s appeal to landlords.

This recovery of the flex office sector has been most apparent by rising occupancy levels in flex space. According to our latest Flexmark report, flex contract occupancy rates are back to pre-pandemic levels of over 80% in private offices and over 65% for shared space. Meanwhile, Savills June 2022 European occupancy analysis of conventional office space reached an average of 43%. Although this marks a recovery, this is significantly down on the circa 70% levels prior to the pandemic.