‘The Flexible Revolution’ report has discovered that the global flexible office market has been growing at an average of 13% per annum over the last decade.
The mature and larger markets of the UK and the USA have seen an average growth of 10%.
CBRE has cited technology, economic trends and behavioural changes as the main drivers of this growth.
London was found to be the largest market, with over 1,000 serviced and co-working centres.
The report also found that the central London market had seen a diversification in the type of occupiers taking space, including an increase in the amount of space leased to flexible space operators.
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A number of operators have reported that they have close to 100% occupancy of flexible working space in some centres.
Gavin Morgan, head of investor leasing, EMEA at CBRE, said: “Investors who can successfully adapt their product will be at a distinct advantage when meeting the changing needs of the European occupier community.
“Whichever model is chosen, there is clearly opportunity for the investor and developer community to create new flexible office products to meet this diverse range of user demands.”
The report concluded that that there is likely to be a transition away from the traditional model of office buildings being let on conventional lease terms.
CBRE predicted that new developments will incorporate a flexible space element into their design, with wellness and other shared amenities.
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