Knight Frank launches flexible workspace with London office provider

Global property adviser Knight Frank and flexible office provider Work.Life have jointly launched a new flexible managed workspace solution.

The new concept, called Yours, is said to be positioned as an operating platform for landlords who wish to provide a customer centric solution, but don’t have the capability to take on the operational burden.

A joint venture between Knight Frank and Work.Life, Yours partners with landlords and incorporates a sales strategy addressing both flexible and traditional market demand.

The platform streamlines the design and delivery of resalable workspaces, and offers a suite of ongoing services and extras to businesses, including access to Work.Life’s network of coworking spaces and amenities.

James Nicholson, partner at Knight Frank, said: “It is undeniable that the office leasing market has changed exponentially over the last five years, with occupiers demanding more flexibility and tailored solutions to suit their requirements.

“For landlords not developing their own solutions, we believe that partnering with established and trusted operators is the best and most sustainable model.

“We have partnered with Work.Life to deliver Yours, as we believe our combined capabilities perfectly address the colliding old and new models of real estate, creating a unique proposition for our clients.”

Recent research by Knight Frank has shown that flexible office take up in London has risen from 236,000 sq ft in 2008 to 1.96 million sq ft last year. 2018 was an ‘exceptional’ year as take up was more than three times the long term average of 650,000 sq ft.

Helen Turner, appointed as a partner at Knight Frank to help drive the growth of Yours among landlords, added: “Yours is perfect for the increasing number of SMEs outgrowing the coworking model, and for more mature businesses looking for flexible solutions to complement their core, leased real estate.”