17/12/2019
Flexible Workspace in London Continues to Soar as an Industry
London is undeniably the largest, most metropolitan city of England. With its various well-established enterprises, it is also known as the cultural and financial capital of the world. It’s over 300 locally spoken languages attract such a highly diverse group of specialists to live and work in the city. More and more people are enticed to try out new ventures with the promise of success London is able to bring.
London has become a popular hub for start-ups in Europe and is swiftly unfolding into a city that fully adopts the flexible work model. However, increasing real estate costs have put much pressure on the growing concern for leasing costs. Further increases in rents usually mean tightening of belts and of the market, but you and your company don’t need to! Every company and sector should choose to innovate and explore the concept of adopting a flexible workspace in London.
Every five days, a coworking space opens in London. It is recorded to be the top city worldwide by coworking growth. With over 14 million square feet of flexible workspace, flexible workspaces in London are one of the biggest coworking opportunities in the world. It is estimated that flexible workspace in London currently makes up 6.3% of the total office stock and that by 2023 it will account for 11%.
You may be wondering why a lot of new businesses choose London where the cost of living is incredibly expensive. Companies pay the extra price because of the location’s proximity to customers and better transport links. This is why flexible workspaces in London are much frequented to reduce expenses and promote worker and client diversity.
Working in an office environment boosts morale and creates a mindset that comes from communicating with fellow workers. It has been found that a coworking office environment makes 64% of workers more productive, 68% more focused, and 90% more confident. When you’re surrounded by passionate and productive people in a flexible workspace in London, everyone will be pumped up to make their own venture a success. It will also keep you from being lonely. Working alone can have a negative effect on your mental health. Daily human-to-human interactions are an essential part of daily life. You can easily work on your own business while feeling strengthened, social, and at ease in a coworking space that encourages you to grow.
Additionally, not only will you not need to travel and wait in mind-numbing traffic, but you are also maximising the number of hours you can spend producing income. At the same time, you save on paying utility bills because coworking spaces will pay for themselves. Renting a flexible workspace in London is definitely far cheaper than renting a traditional office.
Flexible workspaces in London are definitely here to stay. You no longer need to worry about the dangers of working alone at home can pose to your health and wellbeing. With these coworking spaces, you can easily create social connections while paying minimal costs for your own special office.
