Workspace Reports Persistent Customer Churn in London
(Reuters) - London-focused flexible office-space provider Workspace said on Thursday it has continued to experience higher levels of customer churn, including tenants vacating larger spaces, as challenging macroeconomic conditions weigh on the sector.
The company said like-for-like occupancy at its buildings dropped 1.3 percentage points in the three months ended Dec. 31 to 86.1%, compared with the September quarter.
(Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Janane Venkatraman)
