The London flexible office market could reach 50m sq ft by 2030, according to new data published by CBRE.

At present, the flex market accounts for 12% of office space in the capital, but CBRE estimates this will rise to 20% over the next five years, largely driven by evolving occupier demand for flexible solutions and increased landlord participation in the sector.

‘Brandlord’ space, which is defined as flex brands created, operated and managed by landlords, is predicted to reach 3m sq ft by 2030, representing a 200% increase.

CBRE expects managed flex space will increase by 70%, reaching 12m sq ft, fuelled by growing occupier demand for self-contained space with flexible lease terms.

Michael Glynn, head of UK flex at CBRE, said: “We are confident that the market will continue to expand due to the sustained and increasing demand for flexibility from occupiers. Defining the flex market, while challenging, is crucial for accurately assessing the opportunities within Central London.”