Flexible office rental firm IWG posts 'record' revenue

IWG operates offices through its Regus and Spaces brands.

Office rental firm IWG has posted a 34% increase in annual profit amid a strong demand for flexible working spaces as businesses continue to adjust to new working practices.

The results come as office occupancy worldwide is still dealing with the aftermath of the pandemic and companies reevaluating how much space is required. According to consulting firm Aecom, as of January, office vacancy rates in Irish cities have risen to as much as 18%.