G8 Consult's Douglas Green highlights a growing trend where flex operators focus on repositioning second-hand office space, such as former WeWork sites in London like Shoreditch Exchange and The Bower, to save costs and boost returns.

Brands like Huckletree and Oneder are stepping in to manage these already fitted-out spaces, benefiting from lower capital expenditure and improved sustainability features.

This shift shows the flex sector maturing, with landlords more willing to partner with operators on their existing assets.