“Solid start” to year for London workspace specialist as enquiries almost double

A London workspace specialist has said it is positive about its future performance after making a “solid start” to the year.

Workspace Group has seen enquiries for its coworking spaces and office facilities almost double in the first half of 2021.

In its first quarter ending June 30 2021, the firm saw customer demand for workspace return to pre-Covid levels with an average of 947 enquiries per month in the quarter - almost double the same period of the previous year.

Lettings have also gone up for the company to an average of 125 per month, compared with a monthly average of 43 in Q1 2020/21.

Graham Clemett, chief executive officer of Workspace Group, commented: “Our first quarter performance reinforces our confidence that we have come through the worst of the pandemic and are now on a clear positive trajectory.

“Whilst we expect a degree of uncertainty to remain in the near-term, we are seeing strong signs that London’s businesses are returning to work and are optimistic about the future.

He added: “The high level of enquiries and lettings activity that we are seeing shows that our distinctive, flexible offering is resonating in the market. With the Government’s ‘work from home’ guidance now lifted, we expect to see continued strong demand through the second quarter.

“With occupancy increasing and pricing beginning to stabilise, this is a solid start to what we expect to be a positive year for Workspace. Looking ahead, we are well positioned to capture the significant growth opportunities in front of us as the market demand for office space continues to shift towards a combination of flexibility, quality and sustainability.”