Madrid and Barcelona reach 55,900 sqm in the first nine months of the year, according to a study by Cushman & Wakefield
The phenomenon of coworking or flexible spaces continues to rise and in the process of effervescence. According to the study "Flexible spaces in Spain" of the real estate consultancy Cushman & Wakefield, presented this morning in a forum organized by ProWorkSpaces, in the nine first months the year in Madrid Y Barcelona he have hired a total of 26,800 and 29,100 sqm , respectively, of flexible spaces. Together, both cities totalling 55,900sqm , representing an increase of 71.5% over the same period or 2017.
In Spain the first operations important of spaces flexible he they started to to register in the first decade of the century, but intensified in 2014 with the start of economic recovery. In so single four years, the space destined to coworking in the cities of Barcelona and Madrid have exploded, attracting large groups multinationals.
Large operators bet on Spain
The concept of coworking has been profoundly transformed in the last ten years in Spain. At the beginning of the 2000s small spaces predominated and occupied by freelancers and freelancers. Today these spaces continue to exist, but the growth and potential of the coworking phenomenon has caused companies such as Banco Santander (Openbank), Accenture, Everis, etc., to also use flexible spaces to allocate part of their activity.
This transformation and consolidation of the phenomenon in just a few years is due to the entry of large multinational groups, such as WeWork or Regus, which offer prime flexible buildings to large companies, and the clear commitment of large patrimonialists to this segment, such as the case of Colonial with Utopicus or Merlin with Loom House. In the case of Utopicus, as of 2019 it will have 10 coworking centers between Barcelona and Madrid with a total of 15,000 sqm .
WeWork has contracted around 35,000 sqm in Spain and is focused on the two large office markets: Madrid and Barcelona. In Madrid, it rented 5,500 m 2 this year in Paseo de la Castellana and in Barcelona it was located in zone 22 @ with 7,000 sqm .Spaces, Regus coworking, also has 6,000 sqm of leased space in the innovation district. Both operators maintain within their strategy to expand their presence in Spain in the coming years.
Main operations of flexible spaces since 2016 (more than 2,000 sqm):
The entry of these new actors is another example of the fact that the large owners are not oblivious to the new trends and that the composition of the offer of the workspace is changing structurally.