Workplace glossary

What is flex space?

Definition & practical guide2 min read

Flex space is office space taken on short and adaptable terms rather than a conventional long lease. It is an umbrella rather than a product: coworking, serviced offices, business centres and managed offices all sit under it, and what they share is the ability to change the amount of space you hold without renegotiating a ten-year commitment.

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For an enterprise the attraction is not the furniture, it is optionality. Hybrid attendance made headcount a poor predictor of space needed, and a long lease locks in a guess. Flex space converts part of the estate into something you can adjust once you know your real peak.

The usual pattern is a mix: a core leased office sized to the days that are genuinely busy, plus flex capacity for overflow, project teams and satellite cities. That mix only works if you can measure demand, because the argument for handing back a floor lives or dies on evidence of what was actually used. See desk occupancy.

HybridHero manages bookings and utilisation across multiple locations under one tenant, whichever way the space is held. See space management software.

Common questions

Is flex space cheaper than a lease?

Per desk, usually not. It is bought for the option to change size, not for a lower rate, and the saving comes from not paying for space you turn out not to need.

How much of an estate should be flex?

Enough to absorb the difference between average and peak demand, which is a figure you have to measure rather than assume. Organisations without utilisation data tend to over-commit.

What is the difference between flex space and coworking?

Coworking is one type of flex space, usually shared and community-oriented. Flex space also covers serviced offices, business centres and managed offices, which are private.