International Workplace Group (IWG), a company that delivers real state solutions for businesses, has experienced moderate recovery as hybrid working brings employees back to offices.

IWG’s interim results show that while revenue across its centres has fallen by 10.4 per cent in the first half of 2021 compared to the same period last year, it has risen by 3.4 per cent between Q1 and Q2 of this year.

Occupancy levels have reached 69 per cent of pre-pandemic levels while enquiries and customer retention are back to pre-Covid levels in Q2. One of the strongest areas of improvement was for IWG’s flexible office spaces with revenue from meeting room and day office usage up 39.9% in Q2.

Mark Dixon, Chief Executive of IWG plc, said: “we anticipate this momentum continuing into the second half of 2021. The significant move to hybrid working has created unprecedented demand for our flexible work products.”