Workspace: Lettings strong but occupancy declines with clients vacating Property Leading provider of flexible office spaces Workspace reported strong lettings in the latest quarter, but saw some of its bigger clients quit as occupancy declined. The firm said it completed 296 lettings in the second quarter of 2024, generating £7.4m in annual rental income. The London-based firm’s like-for-like occupancy rate however dipped by 0.7 per [...]
Workspace records ‘resilient’ office demand in quieter quarter property Workspace, which was established in 1987, manages 4.4m square feet of flexible office space across 74 locations in London and the south east.
Workspace CEO: Wework recovery poses no threat to business as firm hikes dividend Property The chief executive of one of London’s biggest flexible hybrid providers, Workspace, said rival Wework has done a “lot of good things” for the sector as the chain emerges from Chapter 11 bankruptcy.
Workspace Group reports ‘resilient’ customer demand in the fourth quarter April 17, 2024 Flexible office space provider Workspace Group reported resilient customer demand in the fourth quarter ending March 31st, completing 343 new lettings.
Workspace CEO: Wework’s demise will ‘benefit’ us November 22, 2023 The chief executive of Workspace has said that the demise of rival Wework will “definitely give the company some benefit.”
Workspace profits jump as demand for flexible offices grows November 21, 2023 Workspace completed 583 lettings during the half year, with occupancy levels remaining largely unchanged at at 88.7 per cent.
Real estate veteran announced as new chair of London-focused Workspace February 28, 2023 An industry veteran and former Schroders real estate chief has been unveiled as the chair of flexible office company Workspace. Stephen Hubbard will step down from his position in July after three years in post, with Duncan Owen taking the helm of the flexible working space group. Hubbard joined the real estate investment trust’s board [...]
Workspace says it’s not all doom and gloom for the capital November 15, 2022 Workspace said that despite the “economic doom and gloom”, the capital was still splashing the cash on offices. The London focused flexible working space said profits after interest climbed 33.5 per cent to £29.1m in the half year, driven by a 36.8 per cent (£15.1m) increase in net rental income to £56.1m and ongoing demand [...]
Workspace says office demand remains strong despite strike disruption and extreme weather October 13, 2022 Workspace said demand for office space in the second quarter remained resilient, despite extreme hot weather and tube and rail strike disruption. The flexible working space firm reported strong conversion of demand into lettings with 317 lettings completed in the quarter and 642 lettings in the first half, with a total rental value of £17.5m [...]
Flexible office firm Workspace has dip in enquiries but increase in rent roll July 21, 2022 Flexible office firm Workspace suffered a dip in enquiries and a big increase in rent as many return to permanent desk jobs. The company’s average enquiries, viewings and lettings were all down in the first quarter of 2022/3 compared to the same period last year, when some pandemic restrictions were still in place. It reported [...]