Regus sees 'unprecedented demand' for hybrid working

Office rental firm IWG (owners of the Regus brand) has reported "unprecedented demand" for its flexible work products as workers contemplate a return to the office after the Covid-19 pandemic.

“The world of work has been permanently changed by the pandemic,” said IWG’s chief executive, Mark Dixon, on a call with analysts.

“The greater flexibility demanded by enterprises and by workers has created a dynamic market backdrop for us to grow into in years to come,” Dixon said.

The chief exec added that short-term, drop-in use of its buildings by members, had represented under 1% of occupancy and revenues prior to Covid-19, but growing demand for temporary desk rentals meant this could account for 5% of revenues in future.

Earlier this month IWG announced a deal with the UK government which allows civil servants to drop into private office space in IWG buildings in 10 cities.

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