Nexudus Insights: Our third instalment is available now!
We are delighted to announce that you are able to download the third instalment of the Nexudus Insights Reports series now.
As many of you will already know, our first report, The past is fixed, the present is moving, the future is Flex!, constituted what we believe to be the most extensive study into the coworking and flex space industry to date. Analysing over 3.5 million data points collected from over 90 countries, this report looked at the industry from a broader perspective to analyse its growth and performance from 2016 to 2021.
Our second report, In Meeting Rooms We Trust, took a much more focused approach by narrowing in on the US market specifically, and how resources are used and accessed by coworking and flex space users. What made this such an interesting study, was the unique insight it gave into the day-to-day use and activity within workspaces and how they can be used as a key indicator of overall workspace performance.
This third report takes a similar approach, however, this time we take a trip across the pond to analyse resource usage in UK workspaces. The UK has a thriving flex workspace marketplace, with London having the second-largest amount of sqm dedicated to flex workspaces in the world, just behind New York. This gives us plenty of data to sink our teeth into, making for a fascinating study.
So, without further ado, introducing...
Book me in! Meeting Rooms usage in the UK
In this article we will look at some of the key findings of the report, giving you a sense of what you can expect, and how operators can leverage the findings to optimise their own workspaces.
So, let’s get into it!
How does the time a booking is made affects the duration of meetings or the capacity of the booked resource?
What is so fascinating about these findings is that it gives real insights into the working habits of flex workspace users. Our findings show that between 7 AM - 9 AM, the average duration of meetings is at its maximum in the UK - clocking in at 130 minutes. This duration drops between 10 AM and 2 PM to an average of 100 minutes, rising to 110 minutes between 6 PM and 7 PM.
An additional finding showed that the average capacity of booked resources between 10 AM and 4 PM remained stable at approximately 6 users. This sort of information can be incredibly useful for workspace operators seeking to better understand the habits of their users, and how their workspaces can be optimised accordingly.
How does a resource’s capacity affect the number of bookings it receives?
One of the most interesting findings of these studies is how the capacity of a given resource has a direct impact on the number of bookings it receives. This report found that meeting rooms of between 8 and 9 users were those that received the highest percentage of bookings, closely followed by resources with a maximum capacity of three or fewer users.
This information is critical for workspace operators as it allows them to make data-led decisions as to how to most effectively structure their workspace to maximise efficiency. Understanding the most popular sizes for meeting rooms and structuring your workspace accordingly can help you to ensure your all-important space is not taken up by large meeting rooms which have significantly less demand from your users.
3. How does the size of a space affects the booking price of its resources?
As you might imagine, spaces with more members command a higher average booking price for their resources. More specifically, those spaces with between 100 and 250 members have the highest mean hourly base price for their resources, while spaces with between 40 and 100 members had a lower mean price for their resources.
It’s not all doom and gloom for smaller spaces though, as their average booking size skyrockets past 8 PM - indicating they have a much more active social component than larger spaces that may gain more revenue from resources.
This should give you a sense of what you can expect from our latest Nexudus Insights report. Now all you need to do is head over and download the full report for free to get the full picture of Meeting Rooms usage in the UK.
As always, keep an eye on our social accounts for news on any future Nexudus Insights updates. If you aren’t yet following us on LinkedIn, make sure to give us a follow here. Likewise, subscribe to our monthly newsletter below and ensure you never miss an update from us.
Related posts
-
New in Nexudus: Reduce no-shows & improve team bookings in your coworking space.
Meeting rooms are at the heart of collaboration in coworking spaces. Whether it's a brainstorming session, a client meeting, or a team catch-up, having a simple and efficient way to book and manage meeting rooms makes all the difference. But let’s be honest—there’s always room to improve the experience for your members.
-
Unlock New Revenue Streams with Our New Virtual Offices Module
The popularity of remote and hybrid working has prompted many organisations to rethink the way they utilise office space. Many have swapped their large, static HQs for more flexible satellite solutions that can accommodate a disparate workforce.
-
Exploring Coworking Software in 2025: 10 Key Nexudus Features
From automating daily processes to supporting your team in building a thriving community and boosting revenue for your business – coworking technology couldn’t be more impactful for flexible workspace operations. But with so many tools available, selecting the right tech stack for your coworking business can be overwhelming.
-
New Feature! - Marketing Insights for Nexudus (beta)
At the core of every thriving coworking space is its community. This has been true since the early days of the coworking movement, and it still holds today.
-
NexEvents APP Update: New Year, New Design!
Since the coworking movement started, events have been at the core of many spaces. Events in coworking spaces are as diverse as their communities.
-
Visitors Are Knock-Knock-Knockin' at Your Coworking Door
At Nexudus, we process close to 100,000 visitor interactions monthly. Managing these interactions isn’t easy, but some key strategies can help streamline the process for visitors and customers. Here are five key points we’ve identified and how technology can help make the experience smooth for everyone involved.