“The short term could be a tumultuous time for flexible office space, but landlords, investors and lenders will become more educated over time,” CBRE says.
Even though WeWork has dominated the flex space conversation recently, the growth of technique is undeniable.
The new report explores the effect flexible working has on personal happiness, recruitment, retention and skills as well as exploring the attitudes of people who are based in a fixed place of work.
Fuelling that growth is demand from small businesses and enterprise users alike that favour the flexibility of office accommodations on relatively short-term leases, allowing them to expand or contract their space according to the needs of their business.
As new digital tools and platforms transform traditional ways of working, they’re changing how companies think about - and use - their office space.
Breather’s space at 565 Commercial in the Financial District of San Francisco, promises to include private space with flexible terms where companies can create individual cultures without the noise and distractions of co-working.
Once thought of as co-working offices, now more often referred to as flexible space, for H1 2019 this sector has reached 8.5% of leasing activity nationwide, according to CBRE’s latest research.
Demand for flexible office space in Paris is almost double the global average, according to a report by Instant Offices.
Most experts agree that the economic downturn will eventually come, and it is a matter of when and how severe, not if. One thing's for sure: the office leasing world looks very different to what it did a decade ago.
In addition to the changes that the evolving flexible office model has brought for operators and occupiers JLL’s research highlighted the inevitable effect it has had on landlords and developers.
This rise in flexible office space is just one of the latest trends to emerge from the corporate world, and according to a report by office brokers Office Freedom, London is at the forefront of this growing market.
Open-plan, collaborative workspaces may have largely replaced the cubicles and private offices familiar to previous generations of employees but workplace loneliness is on the rise.
The corporate appetite for flexible space continues to grow as around two-thirds of occupiers rank employee engagement (68 percent) and talent attraction and development (65 percent) as two of the three most important drivers of corporate real estate (CRE) strategy.
CBRE Global Investors is preparing to roll out A&B, a concept that combines coworking space with other amenities and technologies. The concept will be in 20 office buildings in major U.S. markets by the end of the year.
As old workplace norms give way to modern ways of working and start-ups build thriving local communities, big cities in Central and Eastern Europe are joining the global shift towards flexible office space.
CBRE has thrown its hat into the coworking ring with Hana, a wholly owned subsidiary designed to bring turnkey temp space to a corporate occupancy looking to increase its space flexibility.
For growing numbers of employees across Europe’s big cities, heading into the office no longer entails sitting at the same desk, next to the same colleagues each day.
Demand for flexible workspace is set to accelerate, with over two thirds of global corporates planning to increase their use of flexible coworking and collaborative space over the next three years.