The UK’s Coworking Spaces Are The Emptiest In Europe

Employees are currently returning to the flexible offices of the UK more gradually than in other nations, new data shows.

Building occupancy in UK offices that are flexible is just 23%, based on survey data the office advisory branch of Savills, from Workthere. That compares to 43% in Ireland 35 percent in Spain, 55% in Germany and 57% in the Netherlands. The survey looked at the percentage of people turning up to occupy their space up.

The findings reflect data on the return into the workplace in the UK more generally. Evaluation from Morgan Stanley revealed 34 percent of employees had returned into the office compared to an average of 68 percent in Continental Europe.

Workthere's data revealed the UK office industry lagging peers. Almost a fifth (19 percent ) of members had not renewed their contracts, the highest nonrenewal rate in Europe, before Spain in 16%. The figure is 8 percent.

Just over a third (35 percent ) of members of UK flex office operators had requested for rent relief, lower compared to 36% of members in Ireland and Spain, but higher compared to 8 percent and 9% in Germany and the Netherlands, respectively.

However, to a degree that the UK is in better shape than European peers, since it started from a higher base. Despite its higher cancellation rate, the UK's operators are still anticipating a occupancy rate of 71% in the end of August -- even if people are not coming in to the workplace, they are paying their rent. That is the figure in Europe after the Netherlands at 74%.

And 88% of the UK operators surveyed by Workthere said they were feeling confident about the following 12 months behind only the Netherlands.