Insights & Trends
With 10 years of experience working closely alongside coworking and flex workspaces, Nexudus has gained unparalleled insights and understanding of the industry. With this knowledge, we are able to bring detailed and insightful reports that will empower readers to make data-driven decisions to adapt to a rapidly evolving industry.
Written by industry experts and data scientists
Identifying the latest trends
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Analysis of reservation patterns in coworking and flex workspaces in the UK
In this report, we take a detailed look at how flexible workspace users in the UK accessed the resources made available to them from January 2016 to September 2021. These insights shed light on how resources are accessed and their profitability, and how this changes based on workspace size.
Key Findings
- Resources between 8 and 9 users are those that receive the highest percentage of bookings.
- From 7 AM to 9 AM in the morning, the average duration of bookings is 130 minutes, its daily maximum.
- Bookings with 9 or fewer users account for 77% of bookings.
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Analysis of reservation patterns in US based coworking and flex workspaces
In this report, we will take a look at the flexible workspace industry in the US from both a macro and micro perspective, and try to shed light on how, what, when and at what price users access the different resources that flexible workspaces make available to them (such as a meeting room, a hot desk, an event room or a booth, but also tools such as laser cutters or 3D printers). We will also see how spaces are maximising the profit they obtain through their use.
Key Findings
- Resources with a maximum capacity of five or fewer users have a volume of bookings that can account for up to 45% of the total.
- A resource booking made by a contact has a turnover that can be up to 36% higher than that of a booking made by a member.
- Resources with a capacity of between 10 and 19 users are those with the worst ratio of booked time vs available time.
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Evolution of coworking and flex workspaces
In this report, we analyse how the flexible workspace industry has evolved from January 2016 to September 2021 and how the pandemic has affected the industry's development. Although this stage has been a challenge for managers and owners, the spaces have adapted to the market and the new needs of users. With data collected from over 90 countries, this is the most in-depth report into Coworking and Flexible workspaces to date, and we hone in specifically on the US, the UK and Spanish markets to analyse them comparatively.
Key Findings
- Since May 2020 the ratio of members/resource has dropped by 21%
- During the first lockdown, bookings fell by 84%
- Since the first lockdown, the average price of bookable resources has dropped by 15-17%
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