Flexible office operator Frameworks has expanded its London portfolio to include five new sites, with a further two sites under offer.
Frameworks’ Spitalfields site
The operator has taken up 14,000 sq ft in the King’s Buildings in Westminster for the firm’s third asset in the area.
It has also launched Watchmaker Works and Topham Works in Farringdon; Talbot Works in London Bridge; and a 20,000 sq ft space at The Bower in Old Street.
It also has developments in the West End and Midtown under offer.
This expansion takes the company to over 16 sites across the capital, up 53% from the previous year.
In March, the company reported an average occupancy rate of 98.5% across its 13-site portfolio.
Co-founder Sam Roberts said: “Since the start of the year, we’ve seen a change in client sentiment, with something that almost starts to look like optimism. Demand for space is the strongest it’s ever been, with new units increasingly selling off-plan.
“Managed offices are increasingly attracting occupiers who would have historically taken a conventional lease. These are mature organisations who want long-term space, but who now won’t settle for anything less than the very best in design and hospitality.”
Co-founder Max Jezierski added: “People are so dogmatic about the right way for operators to acquire space, whether it’s leases, management agreements, hybrid deals or something in-between. We’ve found success by realising that no one structure fits all, so making sure we tailor our approach to the given landlord, building or client we’re working with.”
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