Flex spaces have evolved from a temporary solution into a fundamental part of corporate real estate strategies. Rising construction and fit-out costs, the limited supply of quality space and the need for greater operational agility are driving demand for move-in ready, adaptable spaces that can keep pace with evolving ways of working.
Across Europe, and particularly in Spain, the consolidation of hybrid working models, the pursuit of cost efficiency and the growing need to attract and retain talent are reinforcing the role of flexible offices as a strategic alternative for occupiers.
In Madrid and Barcelona, specifically, these spaces already account for 2% and around 4% of the office stock, respectively, and so far in 2026 flexible stock has grown by 1% and 0.5%. This momentum is also extending to cities such as Seville, Málaga, Valencia and Zaragoza, with upcoming openings announced between late 2026 and 2027.
Our latest report analyses External Link the main trends shaping the global flexible office market and their impact on occupiers, landlords and operators heading into 2027.