WeWork sees bookings jump along London’s Elizabeth Line

Flex office operator WeWork has seen bookings at its London sites close to the Elizabeth Line outperform other locations in the capital. The company’s September on-demand bookings, its pay-as-you-go membership option, rose by 24% London-wide and by 79% along the Elizabeth Line, year-on-year. The new figures demonstrate the “importance of convenient, well-positioned locations, as workers prioritise simple commutes”, said Luke Armstrong, WeWork’s head of international sales. He added: “The significant rise in on-demand bookings across London year-over-year reflects a notable trend: more and more professionals are opting to work from high-quality office spaces that deliver an enhanced work experience, rather than from home. This shift signals that the office is increasingly winning the return-to-office debate.” The company’s recent survey of 500 business decision-makers from the US and the UK found that 86% of respondents expect the office to become more important to profitability and organisational culture over the next five years. Even now, 83% of leaders said the office is already more important to their bottom line and profitability than it was five years ago. Of those companies responding with teams fully in-office, 81% saw a positive improvement on recruiting, staff retention and organisational culture compared to 74% of hybrid and 67% of remote companies. Photo by Samuel Isaacs/Unsplash