Flexible office deal execution is getting faster, with three quarters of transactions completed within one month, according to analysis by managed office specialist MetSpace, Property Week can reveal.
MetSpace offices in Clerkenwell
MetSpace’s analysis of 36 office deals completed between February 2024 and July 2026 showed 75% were closed within one month, while 28% were completed within two working weeks.
The average turnaround time for these deals was 18 working days, while the fastest transaction was completed in just one working day.
MetSpace said the data showed that London businesses are increasingly looking to secure and occupy office space in weeks, not months, with firms prioritising operational readiness over lengthy fitouts.
MetSpace added that its recent deals were completed around 25% faster than the preceding wave of deals as the company adapts to new occupier priorities.
MetSpace COO Ashley Diamond said: “The most interesting thing we’re seeing is that speed is no longer just a priority for smaller occupiers.
“Some of our fastest transactions have involved requirements of more than 4,700 sq ft. Businesses increasingly want certainty and operational readiness from day one, rather than spending months redesigning space before they can move in.”
Diamond added that the boom in managed office space demand in recent years had helped shorten decision-making periods significantly.
MetSpace said occupiers were increasingly wanting workspace that could support their teams immediately, meaning demand for managed and pre-fitted offices is growing.
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