UK Flexible Office Market Report 2024

The flexible office market of United Kingdon (UK) continued its growth trajectory in 2024, driven by the rise of hybrid working, shifting tenant expectations, and increasing regional demand. Private offices remained the most sought-after space type, accounting for 79% of all rentals. Business services, IT, and finance led the industry's adoption, highlighting a broad sectoral appeal.

Greater London remained the dominant market, while cities like Cambridge, Manchester, and Bristol showed evolving trends in occupancy and desk pricing. The average agreement term reached 9.6 months, with a typical team size of seven people and a monthly desk rate of £307.

Forecasts suggest the market will surpass USD 3.89 billion by 2033, with a projected CAGR of 8.63%. The future of UK flexible offices looks promising, as more landlords adapt to flexible formats and drive a demand for well-designed, amenity-rich spaces.