Small companies, individuals and larger businesses are increasingly opting for co-working spaces with short-term contracts over traditional property leasing. 600 co-working spaces are functioning in London, with demand increasing every week as employees from Santander, British Gas and Skyscanner progressively favour the flexible spaces. However, the number of businesses willing to adopt a co-working environment is expected to wane as prices per desk can reach up to £500 a month, while traditional office spaces can provide more long-term stability and lower rates.
Small companies, individuals and larger businesses are increasingly opting for co-working spaces with short-term contracts over traditional property leasing. Nearly 1,000 co-working spaces are functioning in London, with demand increasing every week as employees from Santander, British Gas and Skyscanner progressively favour the flexible spaces. However, the number of businesses willing to adopt a co-working environment is expected to wane as prices per desk can reach up to £500 a month, while traditional office spaces can provide more long-term stability and lower rates.