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The Brexit effect

New research from flexible workspace finder Officio found the number of UK businesses seeking flexible accommodation has increased by almost 10% in the past year amid Brexit uncertainty.

Demand for flexible workspace, office deals made on short term agreements often bundled with services such as telecoms, are seen as an indicator of the future health of the economy as they appeal to start-ups, fast growth companies and to larger firms who wish to make themselves more responsive to a fast changing market.

The latest Officio figures suggest many companies are checking their options in the pre-Brexit climate. As well as overall take-up declining, the average rate charged for each desk has also dropped slightly from £449 to £423 nationally – but the average length of each contract has increased by 4%.

Officio CEO Chris Meredith said: “It seems many larger companies are considering a move out of traditional leasehold office space and into flexible workspace. With Brexit remaining unresolved and business uncertainty increasing, we expect to see the trend towards flexible workspace increase further this year.”

The flexible workspace finders