The Newest Serviced Offices in the UK - Q1 2023

2023 Flex Market Outlook

The UK flex office market has experienced a steady increase in availability over the past two years. This growth has been driven in part by new workspace offerings for tenants, resulting in 5.4 million sqft of available space. In line with the increased supply of Flex offices, the report highlights a continued softening of prices particularly in London.

“There’s a great deal of choice in Flex Office space right now for Tenants. With the current subdued prices, businesses can place their teams in premium-quality offices on one-year terms. For most CEO and CFOs, Flex is the perfect office space solution as it balances employee engagement and retention with an uncertain business environment many are facing.” Said Rubberdesk Co-Founder Jim Groves

Find out more in our latest Flexible Office Space Report.

Explore the latest updates in London's Flexible Office Market:

• London
• Manchester
• Birmingham
• Leeds
• Cambridge
• Glasgow
• Aberdeen
• Edinburgh

London

London By the Numbers

The Boutique Workplace Company to Launch Second Workspace in 2023

The Boutique Workplace Company has an upcoming self-contained building located at 222 Bishopsgate, which spans across 13,000 sqft and is situated opposite Liverpool Street Station. It is set to open in mid-2023 and boasts a stunning workspace that is highly sought-after due to its prime location in the heart of the city. With desk rates starting at £700 per desk, this workspace is a great option for those looking for a premium workspace experience.

The Space is Set to Open A Newly Refurbished Grade II Listed Building in Mayfair

Situated in the heart of Mayfair's desirable conservation area, this Grade II listed building has undergone extensive refurbishment and is now available for viewing. The building is set to open its doors officially in July and marks a significant milestone for 'The Space' following its merger with Landmark in 2019.

Foraspace Announces New Workspace in London's Bankside

Fora, the flexible workspace provider that forms part of The Office Group, is pleased to announce that it has entered into a management agreement with Oxford Properties to open a new workspace at the iconic Blue Fin Building, in the heart of London’s Bankside.

Kitt Offices Redevelops Premium Office Space

Kitt Offices at The Stylus Building has been redeveloped with exposed surfaces and high column-free ceilings providing contemporary and flexible office accommodation. The building occupies a prime position on the south side of Old Street.

Spacemade Set to Open "The Gatehouse" Office in Wandsworth Town with More to Come

Opening on June 13th, 2023, The Gatehouse will be Spacemade's 6th London location with three additional locations set to open in 2023/24. The workspace provides a range of amenities including focus booths, hot desks, and dedicated meeting rooms, all designed to promote creativity and productivity for professionals.

Manchester

Manchester By the Numbers

Clockwise Expands Presence in Manchester City Centre

Flexible Workspace Provider, Clockwise is increasing its footprint by nearly 50% within Linley House on Dickinson Street. This expansion includes over 170 new desks and more than 14,000 sq ft of additional space. Clockwise's decision to expand its presence in Manchester city centre is driven by the increasing demand for high-quality and premium flexible workspace offerings.

Birmingham

Brimingham By the Numbers

Cubo Announces Plan to Double its Footprint with Four New Locations by Q2 2023

At present, the company has a presence in Derby, Nottingham, Birmingham, Leeds, and Sheffield, and plans to almost double its footprint in the coming months. Cubo has identified and selected locations in Edinburgh and Manchester, as well as additional sites in Birmingham and Nottingham, where it already has a presence.

Supply Increased by 12% QoQ

Although no new coworking spaces opened during the first quarter of 2023, it is noteworthy that the supply side saw a 12% growth in overall space QoQ, owing to the addition of new inventory comprising 11-25 desks.

Current workspace providers who currently have offices available in Birmingham include Bruntwood, Landmark Space, WeWork, x+why, Citibase, OurSpace, The Boutique Workplace Company and Airivo.

Cambridge

Cambridge By the Numbers

Foraspace Introduces High-Quality Office Spaces to Cambridge in Response to Growing Demand

Scheduled for launch this month, 20 Station Road is set to become the prime destination for top-tier workspaces in Cambridge. It offers spacious and well-lit work areas, a 360-degree rooftop terrace, exceptional sustainability features, and distinctive design and services. The desk rates start at £700 per month, and the workspace options vary from 16 desks to fully self-contained floors that can accommodate up to 240 individuals.

Leeds

Leeds By the Numbers

Desk Rates in Leeds Remain Unchanged QoQ

With no operator expansion in Q1 2023, Leeds remains short on supply for larger offices for 25 people or more. However, for teams of up to 20 people, there are substantial options from workspace operators such as Bruntwood, Citibase, Cubo, Inigo, and Wizu Workspace.

Glasgow

Glasgow By the Numbers

Wizu Workspace Opens its First Serviced Office Space in Glasgow City Centre

Recently opened, Wizu Workspace at 2 West Regent Street offers a range of flexible offices for teams of 2 - 100 + people. Set within a Glasgow City Centre landmark building, this new workspace brings a range of premium offerings to businesses looking for larger offices.

Aberdeen

Aberdeen By the Numbers

Rates remain flat as vacant space falls 5% in Aberdeen

Unlike many other markets in the UK, rental rates in Aberdeen have changed little over the past 18 months maintaining a high of £300 per desk per month. As a smaller market, 85% of all available space is reserved for offices of 1-15 staff, though there are a few larger enterprise offices available for teams of 16-50 at a median rate of £261 per desk.

Workspace Providers in Aberdeen include Citibase, Neo Space, and Orega.

Edinburgh

Edinburgh By the Numbers

With no operator expansion in Q1, 2022 rates in Edinburgh increased 37% to £300 per desk. With 80% of all available offices for teams of 15 or fewer people, serviced offices in Edinburgh are better suited for startups and smaller teams looking to take advantage of low rates and terms.

If you're looking for an office in Edinburgh, workspace providers such as WeWork, Clockwise, OSIT, and Landmark have a few options.

Start Your Search for Flexible Office Space Today