Giles Fuchs in Property Week: Flex offices still have a bright future
Despite the challenges Covid-19 has created for flexible workspace operators, the plight of leasehold models and density-dependent coworking should not be blamed solely on the pandemic. What we have actually seen is an acceleration of a pre-existing process, with operators on a freehold model ultimately proving best prepared and best placed to support their own clients through lockdown.
Writing for Property Week OSiT CEO Giles Fuchs outlines why the market for well-equipped, well-managed flexible workspace remains in good health, with London’s supply of flexspace increasing by 4% in 2020 despite guidance on working from home.
Giles argues that commercial landlords are rightly taking note of this continued growth and that, in another indication of resilience its resilience, many property owners are now looking to enter the sector through management agreements with operators such as OSiT, who understand the market and how the right flexible workspace product can add value for their building.
You can read Giles’ thoughts in full here.
A self-confessed serial entrepreneur, Giles Fuchs, CEO of Office Space in Town, works tirelessly to create both financial and strategic opportunities for the firm. Starting his first company at just 22 years old, Giles has developed a hearty portfolio of business management expertise apparent in his leadership of OSiT. He is also a keen sportsman, which has translated into a desire to foster and maintain a brilliant team ethos at each of OSiT’s centres.