CBRE's Q4 Flex Market update shares that following a slight slow-down in Q3, the last quarter saw a spike in demand for flex solutions across London and major UK cities.

Retention rates increased, with 60% of businesses places into flex space in 2022 renewing. Even though Flex operators were actively seeking new space in Q4, take-up was approx 150k sqft and lower than forecasted due to friction around management agreements.