North East on the forefront of increasing flexible workspaces
Newcastle Commercial agents Knight Frank’s recent (Y)OUR SPACE report surveyed 120 global companies on their usage of co-working and collaborative spaces. The report revealed that over the next three years 69% plan to increase their co-working spaces, and 80% expect to increase their collaborative space.
Most global companies still use the traditional fixed premises, generally on a lease.
Flexible working usually refers to the time spent in or out of the workspace, while a flexible workspace is a premises which can be used by more than one company, and is fully equipped to effectively do business in (e.g. WiFi, conference rooms).
Patrick Matheson, partner at Knight Frank Newcastle, said that some North East landlords are ahead of the curve having already started converting their offices into flexible and collaborative spaces.
He said: "71 Grey Street, The Pearl on Northumberland Street and NEON at Quorum are good examples of landlords developing collaborative space within their offices to meet this changing occupier trend.
"The likes of WeWork and other co-working operators haven’t committed to Newcastle as a location to open co-working operations yet, but the thriving tech scene we have here gives us the right platform and I’m sure if one of these did come to town they would do well."
Source: Insider Media
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