Thursday, May 8, 2025

Record-breaking Q1 for Derby flex office space provider

Cubo, the Derby-headquartered provider of flex office space, has enjoyed a record-breaking first quarter of the year, achieving its highest ever desk sales in a three-month period.

From January to March 2025, Cubo recorded the sale of more than 700 desks across its expanding UK portfolio.

With 10,000 plus desks across the UK’s leading core city centres, the disposal of 700 desks represents an additional 7% of total capacity.

Cubo made a bold entry into the capital in early 2025, launching its London flagship at the prestigious Ilona Rose House, W1. Spanning 28,884 sq ft of flexible Grade A office space across two floors, Cubo Soho caters for a diverse range of occupiers, from tech startups and SMEs to larger corporate teams.

Marc Brough, CEO at Cubo, said: “Our record-breaking Q1 results are a powerful reflection of Cubo’s continued growth and the clear and growing demand for high-quality, flexible office space.

“Achieving 50% occupancy at Manchester Spinningfields within three months is a testament to the strength of our offer. We have hit the ground running with Cubo Soho and are welcoming more and more exciting businesses every week.

“As we continue to scale throughout 2025, we remain committed to redefining the future of work and delivering vibrant, community-led workspaces that empower businesses to thrive.”

Cubo was recently identified as the fastest-growing operator in the UK flex office market by CoStar.

Over the past two years Cubo has accounted for 33% of all flexible workspace leasing activity across the Big Six regional cities of Birmingham, Bristol, Edinburgh, Glasgow, Leeds, and Manchester. This figure exceeds the activity of more established operators, such as global workspace giant IWG and Orega, who have achieved 13% each.

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