Open workspaces have grown in the last five years as a solution to the problem of workplace costs spiralling higher than smaller tenants can afford. They include artists’ studios, makerspaces, incubators, accelerators and co-working spaces. London was recently reconfirmed as the most expensive city in the world to live and work; the combined cost of living and working space has overtaken New York and Tokyo, and is 70 per cent higher than start-up capital San Francisco. In this very challenging environment, open workspaces enable businesses and professionals to reduce upfront or ongoing costs by sharing space, facilities or specialist equipment.
