Growth in co-working segment far from tapped out, study reveals
All of the big European office markets still bear enormous growth potential for co-working providers, a study by Colliers International reveals. Despite the stellar growth of the last four years, during which the number of providers increased by 135 % and the number of co-working centers exploded by 205 %, flexible office space only accounted for an average of 1.5 % of the total office markets in the 22 cities surveyed at the end of 2018. In the German top 7 locations, that proportion ranged from only 0.3 % in Stuttgart to 0.9 % in Berlin and Frankfurt. In the coming years, the share of flexible space is expected to grow to 10 %, cities with a high density of high-tech and media companies could conceivably see 20 to 30 %. Fears of “disproportionate growth” of flexible office space are exaggerated, Colliers states. A co-working study recently conducted by Art-Invest spoke of growth potential of 15 to 30 %.
Subscribers to our premium service have access to this article in full as well as to an additional 510,000+ news items: all filterable by topic, company, asset class, city or keyword. In TD Premium you can search for investment deals, leases, current project developments and company news with pinpoint accuracy.
TD Premium is Germany’s leading property information tool that interconnects news, transactions, project data, market and company information in a unique and flexible system.