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The future for serviced offices in Europe

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The growth of serviced office space is disrupting the conventional commercial real estate market. The demand for serviced offices is rising significantly in a number of European markets fuelled by the trend towards more flexible working. There are reasons to believe that this strong growth in demand will persist in select locations in the long run.

The UK and US are the most mature serviced office markets. Central London is the leading city globally with 1,100+ serviced office locations. Serviced office providers in London accounted for 10% of total take-up in 2015 and 9% in 2016. The question is whether serviced offices are expected to grow to the same extent in other European cities.

Source : Savills

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