Flexible workspaces are reshaping offices worldwide—from London conversions to Singapore’s pricey desks and U.S. secondary cities seeing new openings. Operators are expanding, redesigning spaces, and meeting rising hybrid work demands, while occupancy patterns shift and meeting rooms become top priorities.
As demand surges and prime spaces tighten, operators face critical choices about expansion, amenities, and sustainability.
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Industry News
IWG plans to more than double its India centers in the next two years. The company views India as a top growth market and is exploring partnerships, investors, and acquisitions to position it among IWG’s top three markets within four years.
At the Flexible Space Association’s (FlexSA) annual Gala Dinner in London, the winners of the FlexSA Awards 2025 were celebrated, recognizing top achievements in the flexible workspace sector. Leading the way in innovation, Rubberdesk was recognized for its Technology Initiative, DeskLodge earned top honors for Service Innovation, Uncommon took the award for Environmental, Social & Governance (ESG) excellence, and Workspace Group alongside Vox Studios were celebrated for outstanding Workspace Design.
Flexible office deals in France rose to 30% of all transactions in 2025, even as conventional office sales fell 19%. Top operators cover 1.6M m², with Paris leading growth and Bordeaux, Lyon, Toulouse, and Marseille also expanding. Desk prices remain steady, leases dominate in Paris, and new openings offset closures.
London has already lost 14 million sq ft of office space to conversions, and more than half of remaining offices risk obsolescence by 2030. Demand is surging, with companies seeking 10 million sq ft and prime vacancies under 2%. Analysts warn of an 11 million sq ft shortfall if no action is taken, prompting calls for refurbishment and strategic investment to protect the city’s office infrastructure.
Singapore tops Asia Pacific for flexible office prices, with prime desks at about US$800 per month as multinationals fuel demand. Globally, occupancy steadies but members are spending more time in-office, especially in APAC, averaging over four days weekly. Operators are expanding, focusing on stylish spaces, collaboration areas, and lifestyle amenities, while regional strategies differ between traditional leases and management agreements.
Meeting rooms have overtaken all other features as the top priority for flexible office users worldwide. Hybrid work patterns are driving demand for collaborative spaces, private booths, and wellness-focused amenities, while sustainability is increasingly important in Europe and Asia Pacific. North American occupiers prioritize convenience and lifestyle perks over green credentials. Providers are expanding offerings to meet these diverse needs, from agile passes to fully serviced suites.
U.S. office sales are showing early signs of stabilization after years of decline. Through the first three quarters of 2025, 1,930 properties changed hands for $37.6 billion, a 40% increase from last year. Rising transaction activity and return-to-office trends are lifting prices, though values remain below pre-pandemic peaks, signaling cautious optimism for the market’s recovery.
Coworking growth in the U.S. is closely tied to rising remote work and workforce inflows. Newark saw a 126% jump in telecommuters, Buffalo added five offices as its tech sector grew, and Gilbert and Chandler, Arizona, opened multiple new spaces. Secondary cities with expanding workforces are fueling demand for flexible offices, while major hubs adjust to hybrid adoption, creating uneven but clear patterns of coworking expansion.
