Germany’s flexible office space market is now the third-largest in Europe, after the UK and France.
Demand for flexible workspace, which includes coworking space and serviced offices, grew by 79% in the first quarter of 2020 compared to the same time last year, and by 20% between the second and third quarter. Eight cities are leading this trend, with 69% of all demand concentrated in places like Munich, Cologne and Leipzig in the first half of the year.
Our latest analysis explores the changing landscape of the flex industry, and its impact on supply in German cites as demand for safer workspaces and a better work-life balance grows in a post-pandemic world. Research shows which amenities have become crucial across the country, with social distancing and visible cleaning standards high on the list of priorities.
A key strategy for businesses is the ‘Hub and Spoke’ model, which provides employees with the option of working from home, a primary head office, an alternative flexible workplace location close to home, or a combination of all three. This approach is already driving demand for regional and suburban workspaces.
Florian Kappes, Instant’s Managing Director for Germany, says: “Initial responses from businesses in Germany show that the COVID-19 crisis has, in fact, accelerated trends around the procurement and management of workspace. As workers start to return to the office, we are seeing a rise in the demand for secondary locations as employees are reluctant to commute long distances and are opting to stay closer to home to improve their work-life balance.”
In Finding the Balance, we explore all these trends and more in the German market, and provide breakthrough insights on the future of the industry.
Visit The Instant Group to download a copy of the report.
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