Forcadell publishes a new Coworking Market report for the Q2 2019 in Barcelona, a period in which flexible space operators have led 23% of the office take-up.
The coworking market closes the 2nd quarter of the year reaching once more record take-up figures according to Forcadell’s report: flexible office spaces have contracted 23% of the total office market from April to June, up to 28.400 sqm of space in Barcelona.The coworking phenomenon keeps escalating places in Barcelona's office market at an outstanding speed: in just the first six months of the year (56.080 sqm) it has already exceeded the total take-up space of 2018 (46.700 sqm)
According to Manel de Bes, director of Forcadell’s Office department, “this is a sector which is constantly growing, with long-term potential, not just because it is in great demand but also because it is being able to get ahead and surprise its users with new services and benefits.” The real estate consultant has commercialized more than 700 spaces for coworkers in 2019 in the first half-year 2019. If you want to view all the spaces that Forcadell is commercializing, visit myflexes.com.
According to the Forcadell Market Report, the surge in recent months has been given by several factors: in the first place, large market operators know this is the moment to take hold of the best locations and do not hesitate to contract large surfaces despite not having opened and occupied all the spaces. In the second place, foreign co-working operators and new operators of flexible spaces have landed in Barcelona during the past half-year. This is the case of Loom (2.000 sqm), who until now was only in Madrid, the Italian operator Talent Garden (3.900 and 3.600 sqm) and the French Wojo (8.000 sqm), Firstworkplaces (5.500 sqm) and of the recent alliance of Customsuits and El Corte Inglés to create and manage a network of co-working spaces.
The flexible spaces phenomenon has broken into the office market in a cross-section basis, attending demand from startups, SMEs, and multinational companies, positioning itself as one of the largest office managers in the market with a clear differential value: managing office spaces offering a large variety of services. Along these same lines, some coworking operators have taken step further and are already looking for large corporate spaces for specific companies in which they will act as managers. Specializing in the management of companies’ corporate real estate could become the driving force that keeps take-up figures upward for a few more years.