2024 London Flex Office Market hits highest take-up since 2019
Last Update: 25 May, 2025•Read: 5 minutes
Key Highlights:
- Central London accounted for 64% of UK flexible workspace take-up in 2024.
- Desk prices in London rose 8.8% YoY to £514/month in Q1 2024.
- Occupancy in London’s flex spaces reached 83%, with Southwark peaking at 88%.
- Outer London and Zone 2 areas saw rising interest post-COVID.
- Over 58% of landlords expect flexible formats to make up 26 %+ of their portfolios by 2030.
- London may need $43 billion in upgrades to prevent office space obsolescence in 2025.
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