The Flexspace Observatory Bonus Track: Rates Popularity by Coworking Size

The flexible workspace industry has notably transitioned from the early model of coworking, primarily defined by dedicated desk rates, to the era of flexible workspaces dominated by office and Hot Desk rates. This shift is underscored by the number of contracts, with office rates typically involving multiple members under a single contract. Hot Desk contracts are particularly significant, being almost 50% more common than Dedicated Desk contracts. When considering coworking space size, smaller venues do not hold a significantly larger proportion of dedicated desk contracts compared to larger ones. Furthermore, trends vary across different space sizes, reflecting the nuanced dynamics within the flexible workspace industry.