WIN data reveals London
flex market momentum

The UK's flexible office market has continued to gather pace, with fresh data from the newly launched Workspace Intelligence Network (WIN) revealing rising occupancy levels, stronger pricing and resilient demand across London's core office districts. From the West End to the City Core, operators are generating higher revenues and filling more space. Here's everything you need to know...

The latest figures for the six-month period to the end of March 2026 paint a positive picture for the sector. Across London, occupied Private Office Revenue has climbed by 2.1% to an average of £174 per sq ft, whilst occupancy has increased by 1.2% to 83.8%, with both the West End and City Core now operating at occupancy levels above 87%.

London's West End continues to lead the market, with flexible workspace generating an average of £220 per sq ft per annum - 26% above the London average - following 8% revenue growth over the six months to Q1 2026. Occupancy in the district also rose by 2.3% during the same period.

The data comes from the newly established Workspace Intelligence Network (WIN), an independent, operator-led initiative designed to provide the flexible workspace industry with a clearer picture of market performance. Drawing on anonymised trading data from more than 35 operators, WIN now tracks 8.1 million sq ft of flexible workspace across 295 locations.

Meanwhile, the City Core also posted encouraging results, with revenue increasing by 3.4% and occupancy climbing 3.3%, reinforcing a trend of sustained demand for centrally located flexible office space.

Elsewhere in the Capital, Midtown is beginning to regain momentum after a significant increase in supply over the past two years. As new space has been absorbed, revenue per sq ft has risen by 7.4% to £194 per sq ft per annum, whilst occupancy has rebounded after a dip in late 2025 and now sits just 0.4% below its previous high of 86.8%.

Performance across London's fringe markets proved more mixed. Old Street and Shoreditch remain under pressure, with occupancy falling by 4.1% over the six-month period, highlighting an increasingly clear divide between London's core and non-core flexible workspace locations.

Beyond the Capital, early regional data presents a varied picture. Bristol recorded an 8.4% increase in occupancy, reaching 92.8% - the highest occupancy rate of any London or regional submarket included in the dataset. Birmingham, meanwhile, saw occupancy decline by 6.8% over the same period.

Jonathan Bevan, Co-Chair of WIN and CEO of Techspace, said: “The latest WIN data shows a flexible workspace market that continues to perform well, in London’s core markets but also across the UK. It’s also encouraging to see London’s Midtown beginning to recover as demand catches up with the significant increase in new supply delivered over the past two years.”

He continued: “Reliable market data helps everyone make better decisions. By bringing together actual trading data from more than 35 operators, WIN is giving operators, landlords, lenders and investors a much clearer picture of how the market is performing, helping to support better decisions and the continued growth of the sector.”

Becky Gardiner, Co-Chair of WIN and Director of Partnerships at Fora, added: “What is most valuable about WIN’s data is the depth and granularity it brings to a market that has often lacked consistent, reliable benchmarks. This latest dataset shows clear strength in flexible workspace demand, particularly in London’s core locations, while the submarket and regional trends give unrivalled insight on a much more local level."

She concluded: "For operators with a significant footprint in the West End, the strength of that market provides a much sharper evidence base for decisions on pricing, investment and future growth.”

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