[Courtesy of The Office Group] The Office Group founders Olly Olsen and Charlie Green
It is the question that dominates the conversation about the flexible workspace and co-working sector: What is going to happen when the next crash comes? Flexible workspace companies were the biggest takers of office space in London in the first half of this year, and are continuing to expand almost exponentially. That may be all well and good when the economy is still growing and the real estate market is pretty benign, but what happens when there is a recession, new businesses are not forming or taking expansion space, and these companies have long-term lease liabilities but short-term income? Is it Regus all over again but on a bigger scale?
