Serviced Offices & Coworking Spaces United Kingdom

England is one of those countries that has always stood out when it comes to new societal and economic trends. Today, it's in the field of work that this nation is once again setting itself apart through coworking spaces. This booming organizational mode has radically transformed the way British professionals and businesses operate. Would you like to find out more? This guide offers you a comprehensive overview of the UK coworking space market!

Analysis of the UK coworking space market

With workers' expectations changing, the market for coworking spaces in England is experiencing unprecedented growth. In 2024, it is estimated to be worth $1.85 billion. By 2029, it should continue to grow at an average annual rate of 8.95% to reach $2.84 billion.

Last year, Te Instant Group reported that the occupancy rate of coworking spaces in the UK was 83%. This is the highest level since the outbreak of the pandemic. This trend is set to increase, as UK businesses now look to move into serviced offices to save more money.

With customers having specific needs, British coworking structures have become more mobilized to better fine-tune their services. That's why we're now seeing the development of high-end flexible office space in many parts of the UK.

The market for coworking spaces in the country therefore offers significant potential for the years to come. Operators who know how to adapt to the needs of structures and propose better offers will be best placed to take advantage of this growth.

England's emblematic cities for renting coworking space

The rise of coworking spaces in the UK is largely linked to changes in the job market. More and more professionals are opting for flexible ways of working, preferring collaborative environments to the individualism of traditional offices. This is particularly evident in cities such as London, Manchester, Birmingham, Bristol and Leeds.

London, the coworking capital of the world

As England's capital and economic center, London is undoubtedly the country's most emblematic city. It is Europe's main financial center and one of the world's most important economic hubs. According to a local survey in 2020, it would be the best place to open or rent a coworking space in the UK. The study analyzed 53 locations worldwide, taking into account criteria such as:

• space offers ;
• average monthly costs ;
• Internet connection.

The results revealed that London outstripped all other cities, establishing itself as an important link in the development of coworking. Technology companies, start-ups and freelance professionals often gather here to benefit from the advantages offered by these workspaces.

Birmingham, the city of canals and innovation

Britain's second-largest city, Birmingham remains relatively untouristy due to its more remote location in the West Midlands. However, this multicultural destination has some nice surprises in store for teleworkers looking for a low-cost coworking space.

Compared to other British cities, the cost of living in Birmingham is relatively affordable. You can find comfortable accommodation at reasonable prices and enjoy a wide range of leisure activities without breaking the bank.

Manchester, the renaissance city

Once the manufacturing capital of the world, Manchester has shed its working-class past and transformed itself into a modern metropolis. It is now home to a diverse range of media, including numerous radio stations, newspapers and a major BBC base.

The region's coworking spaces have adapted to the needs of media professionals. They offer modern infrastructure and state-of-the-art facilities, such as recording studios, editing rooms and high-quality Internet connections.

Bristol, the green and artistic city

Bristol is one of the UK's greenest cities. Voted Europe's Green Capital in 2015, it is particularly well known for its bohemian ambience and commitment to fair trade. As if that weren't enough, it was also one of the first regions in England to develop cycling.

A place that's sure to please eco-conscious coworkers. If you come to Bristol to rent a coworking space, don't forget to take part in the eco-friendly initiatives organized in the city.

Leeds, the city of commerce and education

Although Leeds is not a capital city, its shopping centers and restaurants are on a par with those in London. The city is best known for its financial institutions, leading universities and landmarks such as Millennium Square. Today, it is also a leading centre for music and culture in the county of Yorkshire.

In Leeds, the importance of coworking spaces has long been a serious matter. There are a number of coworking centers in the area, which you'll discover on a local visit.

The practical benefits of coworking in the UK

Are you beginning to see the appeal of coworking in England, but still have doubts about whether it's right for you? The following arguments should help you make the right decision.

Enrich and develop your personal and professional network

This is the number one reason why companies and freelancers want to get out of the house. Coworking spaces are a great way to meet other people from Divers sectors and develop your network. Thanks to ongoing activity, you can exchange ideas, collaborate on projects, find new customers or even your future partners. It's a dynamic network that's unique in the working world.

Flexible workspaces for every situation

The truth is, there are several coworking models in the UK. It all depends on your objectives, needs and budget. Do you want to work in a fixed, preferably enclosed space? Then choose a private office in one of the UK's largest cities. They may be more expensive than other options, but you'll have access to a range of services that will allow you to work without hindrance.

On the other hand, if you like the idea of collaborating with other professionals, opt for open-plan offices across the country. Whatever your needs and your choice, you're bound to find a coworking space that suits your situation.

A host of services included in your office rental package

When you rent a coworking space in an English city, you benefit from a number of services. Most of these workstations are fully equipped and include high-speed Internet access, a printer, photocopier and scanner. The specific services included in your office rental will vary according to the space you choose.

In any case, you don't have to worry about overheads such as rent, bills and maintenance. You only pay for the space you use. This can save you a lot of money, especially if you're on a tight budget.

A diverse offering featuring a number of key players

The UK coworking office market currently boasts a multitude of companies. Once you're here, you'll have no trouble finding a workstation to run your business. Among the country's leading coworking operators are international giants such as:

• IWG ;
• BizSpace ;
• WeWork ;
• Flexspace ;
• Workspace.

However, there are also a number of small, local players operating in the UK. The most famous of these are Huckletree Shoreditch, Te Ministry, Second Home, Impact Hub, Te Trampery and Work Life. These various coworking spaces offer not only environments conducive to productive work, but also networking opportunities for their users.

The corpoworking concept in the UK

While coworking initiatives are all the rage in the UK, a new concept is also gaining ground. It's called corpoworking , and is the result of a fusion of the terms "corporate" and "coworking". It is particularly aimed at companies wishing to create a dynamic ecosystem and encourage the sharing of experience within their community.

There are many reasons for the success of corpoworking in the UK. Firstly, it offers companies a flexible, cost-effective working solution. Secondly, it boosts employee performance, creativity and productivity. External players who take advantage of this space also derive certain benefits, in the sense that they have a place with all the amenities at their disposal.

In the UK, many shared office operators have already adopted corpoworking. These include WeWork, Regus and L'Office Group. They offer turnkey solutions to help companies and start-ups create social interaction between their communities.

In any case, corpoworking is now an integral part of the professional landscape for British companies. Although it's still a relatively recent phenomenon, it's growing by leaps and bounds in the UK. Its flexibility, collaborative virtues and appeal to employees make it a model for the future for many companies. This trend is likely to continue in the years to come, both in the UK and internationally.