Introducing Flex Leasing

Posted by Knight Frank Newcastle on 9th December 2024 -

Steven Lydon, our new Head of Flex Office Leasing, brings a wealth of experience in London’s growing flexible office market, and will look to bridge the gap between evolving tenant demand and landlord development. Formerly a broker with the Knight Frank Flexible Office Solutions Team, where he acted for tenants acquiring flexible office space, Steven now leads our efforts in flexible leasing. This centres on identifying and unlocking the potential opportunities for landlords to deliver managed office space.

What is Flex Leasing?

Flex leasing is a strategic initiative aimed at transforming conventional office spaces into fully managed turnkey solutions for today’s modern occupier. By introducing subtle yet impactful changes, we aim to broaden the appeal of these spaces and attract a diverse range of occupiers seeking flexibility and convenience.

Market data show a steady decrease in average conventional office lease lengths.  This decrease has forced landlords to be more proactive in their approach toward the attraction and retention of tenants. Delivering fitted, flexible, and managed offices is a great way for landlords to stand out from the crowd, and our team is here to help curate that product. 

How can Flex Leasing support landlords?

Our Flex Leasing team is here to provide support at every stage of the development of a landlord’s own flexible office product, and partnership is at the heart of our approach. We empower landlords to leverage services already in place and bolster their offering where required to meet the evolving demands of occupiers.  

From evaluating the feasibility of delivering a flexible solution to enhancing property exposure through agile sales strategies, our dedicated team works in partnership with landlords to optimise their assets and maximise returns.

When done correctly, delivering best-in-class flexible office space has been shown to drive premium rents, reduce void periods, and provide increased opportunities for landlords to take an active role in their occupiers’ experiences. In a competitive environment, where tenants are demanding more than ever from their office space, this experience can make all the difference!

How does flexible leasing support ESG and sustainability?

The built environment profoundly impacts society, including climate change, resource management, and social inequality. At Knight Frank as a whole, we aim to foster a positive influence through our global presence and independent voice, guiding clients and the industry toward a sustainable future.

We're taking a more sustainable approach to commercial real estate through innovative solutions and a commitment to responsible practices. By repurposing and repositioning existing fit-outs and minimising the need for dilapidations, we reduce environmental impact and drive cost-efficiency for landlords.

What makes our Flex Leasing Team different?

Differentiation is key in a crowded marketplace. Our approach to flex leasing strikes a delicate balance between trusted professionalism and personalised service. With a dedicated and experienced team, plus the backing of Knight Frank's extensive resources and the latest research, we offer a unique blend of expertise, agility, and unwavering commitment to client success.

It is more important now than ever to be on the front foot when it comes to leasing strategy, and our data suggests that the demand for fitted, and flexible spaces will continue to grow. Our solutions provide landlords the opportunity to greatly enhance the occupier experience in their building.

How can we help you?

Our Flex Leasing Team has been developed to better service the sub-5,000 square foot, fully fitted office market, which has quickly become the highest growth part of the London leasing market. If you are a landlord seeking to uncover untapped potential, we’re here to help. Please get in touch to find out more.