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The Flex Premium Report

Industry Insights: A Spacemade report looking at the benefits flexible workspace brings to office assets.

What is The Flex Premium?

What is The Flex Premium?

Research undertaken by Spacemade, a first-of-its-kind flex space operational partner, surveyed office stakeholders with a view to understand how flexible workspace enhances the offer of an office building. The results combine attitudes and sentiment amongst commercial landlords, asset managers, developers and commercial agents to understand to what extent a ‘Flex Premium’ exists and what this means for the future of workspaces.

According to Spacemade’s research, the benefits of incorporating the ‘Flex Premium’ extends beyond just boosting rental income. The addition of amenities to a building can also lead to increased foot traffic, heightened appeal to potential tenants, and enhanced value for those who utilise them.

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The Clement Rooms by Spacemade
Spacemade offers flexible office space in vibrant coworking locations across the UK.

Higher Rental Returns from Buildings that Incorporate Flexible Space

Building owners have told us that they expect, and experience, higher rental returns from buildings that incorporate flexible space, when compared to assets without.

They suggest that the additional benefits and value that this brings to occupiers and employees means that all respondents said that incorporation of flex space brings value to employees with one in three saying it is a “very important” component of their asset.

Profile, animation, and more vibrancy than a standard office.
Louise Butters, CBRE IM
We can arrange catering as required for your meeting room bookings, available by the hour or the day at Te Clement Rooms by Spacemade.

Greater Rental Increase in Buildings that Incorporate Flex Space

The majority of agents surveyed indicated that they are seeing a greater rental increase in buildings that incorporate flex space compared to those that don’t. This echoes the sentiments of the building owner, who say that the ‘Flex Premium’ may well be between 5% and 15%.

According to the agents, the incorporation of flex space also leads to increased footfall in and around the buildings.

Having a flex offer is now considered integral to the wider amenity offer of certain buildings and estates.
Andrew Skinner, Savills

What We Do

What We Do

We do just one thing at Spacemade. Enable building owners to deliver flexible workspace directly to customers. As working patterns shift, demand for collaborative, convenient, flexible workspace continues to soar.

We provide a white-labelled operational platform to ensure landlords like you are at the forefront of this change. With locations in cities and suburbs across the UK, Spacemade is the largest bespoke workspace operator partnering with landlords.

Whether you’re looking to create an in-demand amenity in a city centre, which will improve financial performance and command a rent premium for the entire building, or a close-to-home coworking space that’s perfect for hybrid working, we’ve got you covered.

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Spacemade offers flexible office space in vibrant coworking spaces across the UK.

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