According to Regus, more businesses are looking to move into temporary office space rather than commit to longer-term leases.
The company’s revenue grew 10 per cent to £565.6 million. The company’s pre-tax profit from January to June was £13 million, contrasted with £9.7 million in 2010.
During the first half of this year, Regus invested £45.6 million in expansion, which took the form of 48 new centres and 5,674 new workstations, bringing its total number up to 193,393.
Regus offers serviced office space for rental periods as short as half a day. Currently, occupancy levels at its offices are at a record 86.7 per cent, the company said.
Chief Executive Mark Dixon said: “That [higher occupancy] is a result of more and more companies changing the way they work and starting to take up flexible working, in particular large corporations.
“We expect to see the level of growth increase in the second half as we are still seeing very healthy levels of demand with more companies looking to cut costs and move to flexible working and we will need to open up centres to supply that demand.”
Dixon added that technology is allowing more people to work from home; however, he also added that the economic future was unclear.
Regus, which has centres in 88 countries, counts GlaxoSmithKline, Starbucks and Google among its clients.
Recently the company renegotiated some leasing agreements with property owners in the UK, warning that the vehicles holding the leases could go into administration. This move angered some in the UK property industry, who noted that Regus is still financially strong.
Editor’s notes: In December 2016, the organisation created a holding company, IWG (International Workplace Group), under which Regus would trade.
Other brands operated under IWG include Spaces and Signature by Regus and HQ office space provider.
In 2022, IWG recorded revenues of £3.1 billion – the highest in the organisation’s 34-year history.
The company advises that its successes have been due, in part, to, as well as whole floor managed office solutions, the provider has great experience in operating short-term office space solutions, part-time offices and coworking memberships which occupiers have developed a greater appetite for post-pandemic as they move towards hybrid working practices.
IWG reported global revenue growth of 4 per cent to $4.5 billion (USD) in 2025, up from $4.3 billion in 2024.
It also reported its highest-ever adjusted EBITDA, up 6 per cent to $531 million, and its highest-ever network growth, with 1,132 new centres signed and 782 opened.
At the end of 2025, IWG had 4,609 open centres in over 120 countries.
In June 2026, Mark Dixon, who founded IWG nearly 38 years previously, announced that he was stepping into a chair role and moving away from the day-to-day running of the business.
Christian Schmitz, who joined IWG in 2025 as chief transformation officer and subsequently global head of all regions, was named the new CEO.