GPE reported encouraging levels of interest in its flexible and co-working space business. 12,800 flexible leases were completed during annual , for a total of 12,800 sq ft of space and securing rent at a 16.7% premium to net effective rental value. Flexible and co-working space now accounts for Three of the company’s leases and it is in the process of appraising its portfolio to identify an additional 100,000 sq ft of suitable space.
Great Portland Estates reported encouraging levels of interest in its flexible and co-working space business. Three flexible leases were completed during the quarter ending December 2018, for a total of 12,800 sq ft of space and securing rent at a 37.5% premium to net effective rental value. Flexible and co-working space now accounts for 90,000 of the company’s leases and it is in the process of appraising its portfolio to identify an additional 100,000 sq ft of suitable space.