Nexudus dash
Research

Large flex offices outperform smaller rivals, Nexudus study

Nexudus, the white-label platform to manage coworking and flex workspace, has published what it claims is the largest study of the flexible workspace industry ever conducted.

With 3.5 million data points analysed across 90 countries, the study reveals key trends in the evolution of the industry over the past five years, including the impact of Covid on flex demand and usage. The study includes comparative analysis of the flexible workspace markets in the US, UK and Spain.

Highlights

  • Between the first half of 2016 and the second half of 2020, spaces with between 100 and 250 members decreased their ratio of members per bookable resource by 37%. In the same period, spaces with more than 250 members only did so by 13%
  • Since the first lockdown (March-April 2020), the ratio of members per resource has decreased by 12%
  • The country with the lowest ratio of members per bookable resource is Spain and the one with the highest is the UK
  • Spaces with more than 250 members have a ratio of members per resource that is three times higher than spaces with fewer than 100 members
  • Hot desk bookings have increased by 62% compared to the pre-pandemic period. The percentage of hot desk bookings currently represents 8% of all bookings of bookable resources. Before the pandemic, the maximum it had reached was 3%
  • The average duration of a pre-pandemic booking was 115 minutes. With the pandemic, the average duration has increased to 122 minutes
  • The larger the flexible workspace, the shorter the average length of the bookings: the difference between spaces with more than 250 members and those with less than 40 is 18%, in other words, 22 minutes on average during the pandemic period
  • In a space with more than 250 members, the average hourly price of a resource is on average between 19% and 30% higher than in spaces with fewer members.

As building owners and corporations form their workspace strategies for 2022, the study provides the a comprehensive insight into flex space. Since launching in 2012, Nexudus has worked with thousands of spaces in more than 90 countries, including FORA, NeueHouse, and Level39.

Carlos Almansa, co-founder of Nexudus, commented: “Ten years ago, coworking was very much seen as a niche solution for freelancers and small startups. Since then, socio-economic changes, the changing ways in which the workplace is perceived and used, as well as the ongoing fallout from Covid, have led to a growing demand for flexible workspace, which is fast becoming the go-to solution for more companies.

“As a result, this report – we believe the largest of its kind – provides a timely analysis for all operators, landlords and corporates, all of whom are adjusting to new working patterns and tastes. It’s access to this kind of data and insight that will ultimately help providers and users of flexible workspace successfully navigate arguably the biggest ever shift in working culture.”

The full report is available for download via the firm’s website: www.nexudus.com

Your Comments

Read our comments policy

Related Articles

Sign up to receive the PlaceTech Weekly

Keep informed on the latest products, trends and research in property, for free.

Subscribe

Keep informed on the latest products, trends and research in property, for free.
By subscribing, you are agreeing to our Terms & Conditions and Privacy Policy

"*" indicates required fields

Name*