The 100,000 m² threshold appears realistic given the number of operators and sites in the market: a recent survey has already identified more than 50 active co-working spaces in Luxembourg, in addition to business centres and other office solutions.
A structural shift in demand and the success of flexible working do not mean the end of the traditional office. Above all, it reflects a profound change in the way companies wish to operate. They are seeking greater flexibility in lease terms, the space they occupy and costs, with the option to expand or downsize their premises quickly.
The figures for the traditional market illustrate this caution. In the first half of 2026, JLL recorded a 50 per cent fall in take-up to 51,789 m², whilst the average transaction size fell from 1,035 m² over the period 2021–2025 to just 602 m². Cushman & Wakefield confirms this trend: 59,500 m² of take-up in the first half of the year compared with a ten-year average of around 110,000 m², with activity now heavily concentrated on smaller spaces.
Remote working is driving this trend, as confirmed by the sales director of Colors Business Centre. According to STATEC, 36 per cent of people in employment in Luxembourg work from home at least occasionally, a figure that has remained high and stable for several years. For a business, therefore, signing a long-term lease for workspaces that are no longer occupied five days a week is becoming less straightforward.
Flexibility, but also a sense of community
Freelancers, entrepreneurs and small businesses are no longer just looking for square metres: they are also seeking an ecosystem, opportunities to meet people, networking and a stimulating professional environment. Indeed, co-working operators explicitly build their offering around community, socialising and professional exchanges.
The flexible office thus addresses three trends simultaneously: fewer long-term property commitments, more hybrid working, and more services and a stronger sense of community.
With a total office stock of around 4.6 million m² in Luxembourg, the 100,000 m² or so of flexible office space still represents only a small fraction of the market. However, all the signs suggest that they have now become a structural component of Luxembourg’s property landscape, rather than simply an alternative to traditional leases.
This trend is also evident at Colors, where we are supporting this gradual shift in how spaces are used. The growth of its spaces and its community of businesses illustrates a wider trend: for many micro-businesses, self-employed professionals and international companies, choosing an office is no longer simply a matter of floor space and price per square metre, but now takes into account flexibility, services, community and the ability to adapt their space quickly to changes in business activity.
This promotional article was written by Colors as part of the company’s membership with the Paperjam Club. If you would like to become a member of the Club, please contact us at [email protected].
