Workspace, a flexible office space provider focused on London, announced on Thursday that it continues to face elevated customer turnover, with tenants increasingly vacating larger office
spaces. The ongoing trend highlights the pressures facing the sector due to challenging macroeconomic conditions.
The company reported a decline in like-for-like occupancy levels at its properties, which fell by 1.3 percentage points to 86.1% in the quarter ending December 31, compared to the preceding September quarter. Photo by Np6824, Wikimedia commons.
