Runway East, the fast-expanding flexible workspace operator, who earlier this year signed an a joint venture partnership agreement with landlord Abrdn at 24-28 Bloomsbury Way, London has now reached over 50% occupancy (51%) at their latest site within a month of opening.
With desk space for approximately 800 members, from start-ups to SMEs and satellite corporate offices. The building offers serviced office space for teams of 4-100, as well as a 120-person event space, a secret garden, break out space and over 40 meeting rooms, phone booths and a boardroom for up to 20 people. So far, businesses that have signed up for space include: St Martin-in-the-Fields Charity, OneFootball and Din Tai Fung.
“We’re delighted with the take up of space at Bloomsbury, given where we are in the year we had given ourselves a target of 30% but the demand has surpassed our ambition and we have reached over 50%,” shares Natasha Guerra, CEO of Runway East. “What we’ve found from sales to date is that following the WeWork fall, there is a lot more caution amongst members, with requests for transparency when it comes to our business planning and even our lease, also we’re also seeing more clients asking for our ESG credentials and B-Corp status.
“There’s some rumblings about the future of flex, but from what we’re seeing and hearing, demand remains strong. Over 2024, we expect to see more businesses downsize their office requirements and take up space in serviced offices like ours so they can scale up, down and rent meeting room space if we need too."
Flex is a more efficient use of space, and more responsive to demand." Natasha Guerra