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Flexible offices unlikely to capitalise on hybrid working

IWG’s record revenues in the first half of this year may suggest that flexible offices are the answer for many firms as hybrid working cements itself as the ‘new normal’. However, we don’t think current flexible offices currently offer the right product to take a much larger chunk of demand. That view is backed up by firms’ plans for flexible office usage and REIT investors’ response to IWG’s H1 performance.

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