Landsec has launched a flexible office brand, becoming the latest UK landlord to offer tenants WeWork-style all-inclusive short leases.
The company formerly known as Land Securities, which is the UK’s largest listed property company by portfolio size, on Tuesday launches its Myo brand, through which small and medium-sized businesses can rent office space on one- to three-year contracts.
This is shorter than the average seven-year lease length for UK commercial property, and far less than the lease deals of 20 years or more typically agreed for large London headquarters buildings.
