Further Signs of Recovery in EMEA Flex Office Markets

Key Takeaways:

• There are strong signs of operator take-up across western Europe, but there is room for growth across central and eastern Europe, with levels expected to pick-up in H2 2022
• Occupier demand is also resuming, creating a positive outlook. In the short-term, companies are repopulating offices and while occupiers aim to move beyond pilot stages, flexible offices will provide temporary accommodation. In the long-term, occupier appetite for flexible office space is set to expand and these spaces will become a key component of changing occupier requirements.
• There is further opportunity for operators to raise their market penetration, either through M&A or management agreements