Research & Insights

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FLEXIBLE SPACE REPORT NUR-SULTAN Q1 2021

Research Department

The flexible space market in the city was immensely influenced by the COVID-19 pandemic. During and following the aftermath of the strict lockdowns and the subsequent reduction in demand for such services, 4 flexible space operators shut down over the course of the year. This situation is in stark difference from what the market saw coming into 2020, when a total of 9 flexible space operations were opened in the span of 3 years, from 2018 to 2020 (including spaces that now are closed). Our market research indicates that most of the current closures are linked to either repurposing of the workspace or negative effects of the restrictive measures.

FLEXIBLE SPACE REPORT NUR-SULTAN Q1 2021

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