• Events
  • Marketplace
  • Resources
  • Press Releases
  • Business Directory
  • About Us
  • Advertise
  • Contact
The FUTURE OF WORK® since 2003
Allwork.Space
Subscribe
  • All Topics
    • Business
    • Biophilic Design
    • Career Growth
    • Coliving
    • Collaboration
    • Coworking
    • CRE
    • DE&I
    • Digital Nomads
    • Future of Work
    • Home Office
    • Human Resources (HR)
    • Hybrid Work
    • Investment
    • Leadership
    • Marketing
    • Mental Health
    • Mergers & Acquisitions
    • Office Furniture
    • Productivity
    • PropTech
    • Remote Work
    • Self-care
    • SMBs
    • Social Impact
    • Space-as-a-Service
    • Technology
    • Virtual Office
    • Work-life Balance
    • Workforce
    • Workplace Design
    • Workplace Wellness
  • News
  • Business
    How The Middle East Will Become A Financial Center In The Future Of Work

    How The Middle East Will Become A Financial Center In The Future Of Work

    Is Your Collaboration Smart

    Is Your Collaboration Smart?

    Demystifying Workplace Culture

    Demystifying Workplace Culture

    A Leader’s Guide To Creating Strong And Authentic Organizational Culture

    A Leader’s Guide To Creating Strong And Authentic Organizational Culture

    Boost Your Financial Know-How: Mastering Effective Strategies in the Future of Work

    Boost Your Financial Know-How: Mastering Effective Strategies in the Future of Work

    Why Human Connections Are A Business Advantage In A Remote World

    Why Human Connections Are A Business Advantage In A Remote World

    Is Adam Neumann’s Flow a bold new CRE/coworking venture, or just a repeat of past mistakes?

    Neumann’s Flow: A $1 Billion Valued Wildcard to Watch in 2023

    Identifying and Overcoming 4 Common Barriers to DEI

    Identifying and Overcoming 4 Common Barriers to DEI

    The Real Reasons for Hybrid Workers to Come to the Office

    The Real Reasons for Hybrid Workers to Come to the Office

  • Leadership
  • Work-life
    A New Approach To Work: The Benefits Of Implementing Activity-Based Working In Your Office

    A New Approach To Work: The Benefits Of Implementing Activity-Based Working In Your Office

    Use These Tools to Make Your Remote Work Dreams Come True

    Use These Tools to Make Your Remote Work Dreams Come True

    Are Digital Nomads Catalysts For Growth Or A Hazard To Locals?

    Are Digital Nomads Catalysts For Growth Or A Hazard To Locals?

    New Postpartum Depression Breakthrough Could Rewrite The Future Of Work For Mothers

    New Postpartum Depression Breakthrough Could Rewrite The Future Of Work For Mothers

    How To Actually Get Sh*t Done Working From Home

    How To Actually Get Sh*t Done Working From Home

    Chart Your Path To Leadership: 8 Proven Steps To Build Your Professional Credibility

    Chart Your Path To Leadership: 8 Proven Steps To Build Your Professional Credibility

    When Too Much Talk Turns Toxic

    When Too Much Talk Turns Toxic

    Your Dream Workation In The Swiss Alps Awaits (And It's More Affordable Than You Think)

    Your Dream Workation In The Swiss Alps Awaits (And It’s More Affordable Than You Think)

    Should DEI be the Cornerstone of Your Workplace Strategy?

    Should DEI be the Cornerstone of Your Workplace Strategy?

  • Career Growth
  • Tech
    AI Tools Making Space For More Architectural Creativity

    AI Tools Making Space For More Architectural Creativity

    How Can We Navigate The Ethical Minefield Of AI Moderation In The Future Of Work?

    How Can We Navigate The Ethical Minefield Of AI Moderation In The Future Of Work?

    TikTok’s robust new RTO monitoring software sparks employee backlash, concerns about tracking.

    TikTok’s MyRTO: The Future Of Office Attendance Or Employee Tracking Nightmare?

    6 Ways 6G Will Reshape The Future Of Work And Connectivity

    6 Ways 6G Will Reshape The Future Of Work And Connectivity

    8 Reasons Gamification is More Than Fun and Games At Work

    8 Reasons Gamification is More Than Fun and Games At Work

    Nexudus Unveils OpenAI Integration For Seamless Help Desk Automation

    Nexudus Unveils OpenAI Integration For Seamless Help Desk Automation

    The AI Revolution Liberating Workers From The Office

    The AI Revolution Liberating Workers From The Office

    Aerial Shift: How Drones are Redrawing the Landscape of the Future Workplace

    Aerial Shift: How Drones are Redrawing the Landscape of the Future Workplace

    AI Solutions Won’t Solve Workplace Well-Being Woes

    AI Solutions Won’t Solve Workplace Well-Being Woes

  • Design
    Gen Z’s Impact On The Workplace: Tech-Enabled And Collaborative

    Gen Z’s Impact On The Workplace: Tech-Enabled And Collaborative

    4 Priorities To Consider When Designing Workplaces For Gen Z

    4 Priorities To Consider When Designing Workplaces For Gen Z

    A Playful Office Doesn’t Have To Look Like a Playground

    A Playful Office Doesn’t Have To Look Like a Playground

    From Ghost Town Fridays To Vibrant Workspaces: The Power Of Synchronicity In Office Design

    From Ghost Town Fridays To Vibrant Workspaces: The Power Of Synchronicity In Office Design

    How Can Office Design Support Multigenerational Collaboration?

    How Can Office Design Support Multigenerational Collaboration?

    Are We Losing Sight Of How To Build A Better Workplace For The Future Of Work?

    Are We Losing Sight Of How To Build A Better Workplace For The Future Of Work?

    How Do You Prepare Your Office For Future Success? Design It For Gen Z

    How Do You Prepare Your Office For Future Success? Design It For Gen Z

    The Future of Work Includes Everyone — Tailoring Office Spaces for Neurodiversity

    The Future of Work Includes Everyone — Tailoring Office Spaces for Neurodiversity

    Top 10 Ways To Make People Feel More Comfortable And Productive At Work

    Top 10 Ways To Make People Feel More Comfortable And Productive At Work

  • Workforce
    Zooming In On Engagement: How Turning Off Your Camera Can Hurt Your Career

    Zooming In On Engagement: How Turning Off Your Camera Can Hurt Your Career

    Google’s Myth Of Losing Social Capital In Hybrid Work

    Google’s Myth Of Losing Social Capital In Hybrid Work

    How To Stop Micromanaging and Start Trusting Your Staff

    How To Stop Micromanaging and Start Trusting Your Staff

    5 Ways To Avoid Well-Being Washing And Provide Authentic Support To Employees

    5 Ways To Avoid Well-Being Washing And Provide Authentic Support To Employees

    rust-Building in Remote Work The Synergy Between Telehealth And Employee Well-being

    Trust-Building in Remote Work: The Synergy Between Telehealth And Employee Well-being

    Without any widely agreed upon courses and certificates, individuals that want to prove their proficiency with AI need to show their work and prove their worth on an individual level rather than utilizing an online course or certificate.

    How Can You Showcase AI Skills To Supercharge Your Resume?

    Unlocking the HR Secrets of Hybrid Work

    Unlocking the HR Secrets of Hybrid Work

    Redefining Employee Experiences: Why Leading Companies Prioritize EX Design

    Redefining Employee Experiences: Why Leading Companies Prioritize EX Design

    Mothers with Young Children Defy Expectations, Reach Record High Workforce Participation

    Mothers with Young Children Defy Expectations, Reach Record High Workforce Participation

  • Coworking
    For Flex Space Operators, Virtual Offices Are (Nearly) Pure Profit

    For Flex Space Operators, Virtual Offices Are (Nearly) Pure Profit

    Location, Location, Location: Why Your Next Coworking Space Should Be In A Residential Neighborhood

    Location, Location, Location: Why Your Next Coworking Space Should Be In A Residential Neighborhood

    Heads-up, Transactional Spaces: The Future Is Coming

    Heads-up, Transactional Spaces: The Future Is Coming

    Caffeine, Connection, And Career Growth: Coworking Cafés Are Brewing Productivity

    Caffeine, Connection, And Career Growth: Coworking Cafés Are Brewing Productivity

    It’s Time To Rethink Office Valuation Models

    It’s Time To Rethink Office Valuation Models

    Aiming Higher: Strategies to Advance Your Community Manager Career in Coworking Spaces

    Aiming Higher: Strategies to Advance Your Community Manager Career in Coworking Spaces

    WeWork’s Collapse Will Cause Massive Losses In The U.K. And Australia, Too

    WeWork’s Collapse Will Cause Massive Losses In The U.K. And Australia, Too

    How To Convert Clicks into Memberships: Optimizing Coworking Websites for Impactful Results

    Converting Clicks into Memberships: Optimizing Coworking Websites for Impactful Results

    Demand for Privacy and Security in Coworking and Flex Spaces Is Increasing: Is Your Business Prepared?

    Demand for Privacy and Security in Coworking and Flex Spaces Is Increasing: Is Your Business Prepared?

  • Marketing
    Take One Simple Step To Boost Buy-in And Brand Engagement

    Take One Simple Step To Boost Buy-in And Brand Engagement

    How Can Conversational Marketing Drive ROI And Human Connection In The Future Of Work?

    How Can Conversational Marketing Drive ROI And Human Connection In The Future Of Work?

    Community is Your Marketing Superpower

    Community is Your Marketing Superpower

    Unlock The Power Of Conversational Marketing To Attract and Retain Customers

    Unlock The Power Of Conversational Marketing To Attract and Retain Customers

    10 Reasons To Give Sprout Social A (Free) Try

    10 Reasons To Give Sprout Social A (Free) Try

    8 Reasons Why Sponsored Content Is Worth The Investment For Your Brand

    8 Reasons Why Sponsored Content Is Worth The Investment For Your Brand

    Instagram GenZ

    2023 Instagram Trends Reveal How To Market To Gen Z

    TrueView360 Interactive Virtual Tours

    TrueView360s Interactive Virtual Tours

    2023 Future Of Work Forecast: Focus Marketing On Values and Customer Experience, Not The Product

    2023 Future Of Work Forecast: Focus Marketing On Values and Customer Experience, Not The Product

  • CRE
    From Cubicles To Community Hubs: Reimagining Work As An Activity, Not A Place

    From Cubicles To Community Hubs: Reimagining Work As An Activity, Not A Place

    Dave Cairns

    Dave Cairns SVP of CBRE | Unlocking Urban Potential: Repurposing Office Spaces for Sustainable Development

    Remote Work And Rising Interest Rates Are Changing The Landscape Of Commercial Real Estate

    Remote Work And Rising Interest Rates Are Changing The Landscape Of Commercial Real Estate

    The Future of NYC Real Estate: How Remote Work is Reshaping Investment Dynamics

    The Future of NYC Real Estate: How Remote Work is Reshaping Investment Dynamics

    What's Going On With Office Vacancies?

    What’s Going On With Office Vacancies?

    75% Of Business Leaders Lack Data Needed For Crucial CRE Decisions

    75% Of Business Leaders Lack Data Needed For Crucial CRE Decisions

    Rapid Work Style Shifts Are Tanking Tax Revenues — Can City Planners Catch Up?

    Rapid Work Style Shifts Are Tanking Tax Revenues — Can City Planners Catch Up?

    San Francisco Skyline

    The Future of Commercial Real Estate in San Francisco Doesn’t Look Good

    3 Things CRE Players Must Do To Stay Relevant In 2023

    2023 Future Of Work Forecast: 3 Things CRE Players Must Do To Stay Relevant In 2023

  • Podcast
  • More
    • Advertise With Us
    • Marketplace
    • Events
  • All Topics
    • Business
    • Biophilic Design
    • Career Growth
    • Coliving
    • Collaboration
    • Coworking
    • CRE
    • DE&I
    • Digital Nomads
    • Future of Work
    • Home Office
    • Human Resources (HR)
    • Hybrid Work
    • Investment
    • Leadership
    • Marketing
    • Mental Health
    • Mergers & Acquisitions
    • Office Furniture
    • Productivity
    • PropTech
    • Remote Work
    • Self-care
    • SMBs
    • Social Impact
    • Space-as-a-Service
    • Technology
    • Virtual Office
    • Work-life Balance
    • Workforce
    • Workplace Design
    • Workplace Wellness
  • News
  • Business
    How The Middle East Will Become A Financial Center In The Future Of Work

    How The Middle East Will Become A Financial Center In The Future Of Work

    Is Your Collaboration Smart

    Is Your Collaboration Smart?

    Demystifying Workplace Culture

    Demystifying Workplace Culture

    A Leader’s Guide To Creating Strong And Authentic Organizational Culture

    A Leader’s Guide To Creating Strong And Authentic Organizational Culture

    Boost Your Financial Know-How: Mastering Effective Strategies in the Future of Work

    Boost Your Financial Know-How: Mastering Effective Strategies in the Future of Work

    Why Human Connections Are A Business Advantage In A Remote World

    Why Human Connections Are A Business Advantage In A Remote World

    Is Adam Neumann’s Flow a bold new CRE/coworking venture, or just a repeat of past mistakes?

    Neumann’s Flow: A $1 Billion Valued Wildcard to Watch in 2023

    Identifying and Overcoming 4 Common Barriers to DEI

    Identifying and Overcoming 4 Common Barriers to DEI

    The Real Reasons for Hybrid Workers to Come to the Office

    The Real Reasons for Hybrid Workers to Come to the Office

  • Leadership
  • Work-life
    A New Approach To Work: The Benefits Of Implementing Activity-Based Working In Your Office

    A New Approach To Work: The Benefits Of Implementing Activity-Based Working In Your Office

    Use These Tools to Make Your Remote Work Dreams Come True

    Use These Tools to Make Your Remote Work Dreams Come True

    Are Digital Nomads Catalysts For Growth Or A Hazard To Locals?

    Are Digital Nomads Catalysts For Growth Or A Hazard To Locals?

    New Postpartum Depression Breakthrough Could Rewrite The Future Of Work For Mothers

    New Postpartum Depression Breakthrough Could Rewrite The Future Of Work For Mothers

    How To Actually Get Sh*t Done Working From Home

    How To Actually Get Sh*t Done Working From Home

    Chart Your Path To Leadership: 8 Proven Steps To Build Your Professional Credibility

    Chart Your Path To Leadership: 8 Proven Steps To Build Your Professional Credibility

    When Too Much Talk Turns Toxic

    When Too Much Talk Turns Toxic

    Your Dream Workation In The Swiss Alps Awaits (And It's More Affordable Than You Think)

    Your Dream Workation In The Swiss Alps Awaits (And It’s More Affordable Than You Think)

    Should DEI be the Cornerstone of Your Workplace Strategy?

    Should DEI be the Cornerstone of Your Workplace Strategy?

  • Career Growth
  • Tech
    AI Tools Making Space For More Architectural Creativity

    AI Tools Making Space For More Architectural Creativity

    How Can We Navigate The Ethical Minefield Of AI Moderation In The Future Of Work?

    How Can We Navigate The Ethical Minefield Of AI Moderation In The Future Of Work?

    TikTok’s robust new RTO monitoring software sparks employee backlash, concerns about tracking.

    TikTok’s MyRTO: The Future Of Office Attendance Or Employee Tracking Nightmare?

    6 Ways 6G Will Reshape The Future Of Work And Connectivity

    6 Ways 6G Will Reshape The Future Of Work And Connectivity

    8 Reasons Gamification is More Than Fun and Games At Work

    8 Reasons Gamification is More Than Fun and Games At Work

    Nexudus Unveils OpenAI Integration For Seamless Help Desk Automation

    Nexudus Unveils OpenAI Integration For Seamless Help Desk Automation

    The AI Revolution Liberating Workers From The Office

    The AI Revolution Liberating Workers From The Office

    Aerial Shift: How Drones are Redrawing the Landscape of the Future Workplace

    Aerial Shift: How Drones are Redrawing the Landscape of the Future Workplace

    AI Solutions Won’t Solve Workplace Well-Being Woes

    AI Solutions Won’t Solve Workplace Well-Being Woes

  • Design
    Gen Z’s Impact On The Workplace: Tech-Enabled And Collaborative

    Gen Z’s Impact On The Workplace: Tech-Enabled And Collaborative

    4 Priorities To Consider When Designing Workplaces For Gen Z

    4 Priorities To Consider When Designing Workplaces For Gen Z

    A Playful Office Doesn’t Have To Look Like a Playground

    A Playful Office Doesn’t Have To Look Like a Playground

    From Ghost Town Fridays To Vibrant Workspaces: The Power Of Synchronicity In Office Design

    From Ghost Town Fridays To Vibrant Workspaces: The Power Of Synchronicity In Office Design

    How Can Office Design Support Multigenerational Collaboration?

    How Can Office Design Support Multigenerational Collaboration?

    Are We Losing Sight Of How To Build A Better Workplace For The Future Of Work?

    Are We Losing Sight Of How To Build A Better Workplace For The Future Of Work?

    How Do You Prepare Your Office For Future Success? Design It For Gen Z

    How Do You Prepare Your Office For Future Success? Design It For Gen Z

    The Future of Work Includes Everyone — Tailoring Office Spaces for Neurodiversity

    The Future of Work Includes Everyone — Tailoring Office Spaces for Neurodiversity

    Top 10 Ways To Make People Feel More Comfortable And Productive At Work

    Top 10 Ways To Make People Feel More Comfortable And Productive At Work

  • Workforce
    Zooming In On Engagement: How Turning Off Your Camera Can Hurt Your Career

    Zooming In On Engagement: How Turning Off Your Camera Can Hurt Your Career

    Google’s Myth Of Losing Social Capital In Hybrid Work

    Google’s Myth Of Losing Social Capital In Hybrid Work

    How To Stop Micromanaging and Start Trusting Your Staff

    How To Stop Micromanaging and Start Trusting Your Staff

    5 Ways To Avoid Well-Being Washing And Provide Authentic Support To Employees

    5 Ways To Avoid Well-Being Washing And Provide Authentic Support To Employees

    rust-Building in Remote Work The Synergy Between Telehealth And Employee Well-being

    Trust-Building in Remote Work: The Synergy Between Telehealth And Employee Well-being

    Without any widely agreed upon courses and certificates, individuals that want to prove their proficiency with AI need to show their work and prove their worth on an individual level rather than utilizing an online course or certificate.

    How Can You Showcase AI Skills To Supercharge Your Resume?

    Unlocking the HR Secrets of Hybrid Work

    Unlocking the HR Secrets of Hybrid Work

    Redefining Employee Experiences: Why Leading Companies Prioritize EX Design

    Redefining Employee Experiences: Why Leading Companies Prioritize EX Design

    Mothers with Young Children Defy Expectations, Reach Record High Workforce Participation

    Mothers with Young Children Defy Expectations, Reach Record High Workforce Participation

  • Coworking
    For Flex Space Operators, Virtual Offices Are (Nearly) Pure Profit

    For Flex Space Operators, Virtual Offices Are (Nearly) Pure Profit

    Location, Location, Location: Why Your Next Coworking Space Should Be In A Residential Neighborhood

    Location, Location, Location: Why Your Next Coworking Space Should Be In A Residential Neighborhood

    Heads-up, Transactional Spaces: The Future Is Coming

    Heads-up, Transactional Spaces: The Future Is Coming

    Caffeine, Connection, And Career Growth: Coworking Cafés Are Brewing Productivity

    Caffeine, Connection, And Career Growth: Coworking Cafés Are Brewing Productivity

    It’s Time To Rethink Office Valuation Models

    It’s Time To Rethink Office Valuation Models

    Aiming Higher: Strategies to Advance Your Community Manager Career in Coworking Spaces

    Aiming Higher: Strategies to Advance Your Community Manager Career in Coworking Spaces

    WeWork’s Collapse Will Cause Massive Losses In The U.K. And Australia, Too

    WeWork’s Collapse Will Cause Massive Losses In The U.K. And Australia, Too

    How To Convert Clicks into Memberships: Optimizing Coworking Websites for Impactful Results

    Converting Clicks into Memberships: Optimizing Coworking Websites for Impactful Results

    Demand for Privacy and Security in Coworking and Flex Spaces Is Increasing: Is Your Business Prepared?

    Demand for Privacy and Security in Coworking and Flex Spaces Is Increasing: Is Your Business Prepared?

  • Marketing
    Take One Simple Step To Boost Buy-in And Brand Engagement

    Take One Simple Step To Boost Buy-in And Brand Engagement

    How Can Conversational Marketing Drive ROI And Human Connection In The Future Of Work?

    How Can Conversational Marketing Drive ROI And Human Connection In The Future Of Work?

    Community is Your Marketing Superpower

    Community is Your Marketing Superpower

    Unlock The Power Of Conversational Marketing To Attract and Retain Customers

    Unlock The Power Of Conversational Marketing To Attract and Retain Customers

    10 Reasons To Give Sprout Social A (Free) Try

    10 Reasons To Give Sprout Social A (Free) Try

    8 Reasons Why Sponsored Content Is Worth The Investment For Your Brand

    8 Reasons Why Sponsored Content Is Worth The Investment For Your Brand

    Instagram GenZ

    2023 Instagram Trends Reveal How To Market To Gen Z

    TrueView360 Interactive Virtual Tours

    TrueView360s Interactive Virtual Tours

    2023 Future Of Work Forecast: Focus Marketing On Values and Customer Experience, Not The Product

    2023 Future Of Work Forecast: Focus Marketing On Values and Customer Experience, Not The Product

  • CRE
    From Cubicles To Community Hubs: Reimagining Work As An Activity, Not A Place

    From Cubicles To Community Hubs: Reimagining Work As An Activity, Not A Place

    Dave Cairns

    Dave Cairns SVP of CBRE | Unlocking Urban Potential: Repurposing Office Spaces for Sustainable Development

    Remote Work And Rising Interest Rates Are Changing The Landscape Of Commercial Real Estate

    Remote Work And Rising Interest Rates Are Changing The Landscape Of Commercial Real Estate

    The Future of NYC Real Estate: How Remote Work is Reshaping Investment Dynamics

    The Future of NYC Real Estate: How Remote Work is Reshaping Investment Dynamics

    What's Going On With Office Vacancies?

    What’s Going On With Office Vacancies?

    75% Of Business Leaders Lack Data Needed For Crucial CRE Decisions

    75% Of Business Leaders Lack Data Needed For Crucial CRE Decisions

    Rapid Work Style Shifts Are Tanking Tax Revenues — Can City Planners Catch Up?

    Rapid Work Style Shifts Are Tanking Tax Revenues — Can City Planners Catch Up?

    San Francisco Skyline

    The Future of Commercial Real Estate in San Francisco Doesn’t Look Good

    3 Things CRE Players Must Do To Stay Relevant In 2023

    2023 Future Of Work Forecast: 3 Things CRE Players Must Do To Stay Relevant In 2023

  • Podcast
  • More
    • Advertise With Us
    • Marketplace
    • Events
No Result
View All Result
Allwork.Space
OfficerRnD_ Flex Startup Program_Illustration_Leaderboard_AllWork_728x90
Home Business

The US Flexible Workspace Market Is Dominated By Independent Operators

Cecilia Amador de San JosébyCecilia Amador de San José
May 8, 2018
in Business
Reading Time: 4 mins read
A A
aws instant offices us research

New York is a dominant location for flexible workspace. But according to Instant’s latest review of the US market, demand in other markets across the country is continuing to grow.

Share on FacebookShare on TwitterShare to Network
Nexudus Ad
  • The Instant Group recently published its 2018 US Flexible Workspace Review
  • The research found that independent operators make up 93% of the US market
  • It also found that 67% of landlords would rely on a 3rd party to operate and run a flexible workspace within their properties

The Instant Group recently published its 2018 US Flexible Workspace Market Review. The study found that the US market for coworking and flexible workspaces showed “sensational growth in 2017.” Surprisingly, this sensational growth is not being driven by the giants of the industry, but rather by local, independent operators that run one or two centers and that are creating niche spaces.

“The top 10 operators in terms of total  number of centers account only for 34% in what is a highly fragmented market.”

And while this is great news, the even greater news is that there is still space for more operators, especially in smaller markets. “While the flexible market is continuing to expand, the majority (51%) of the total number of centers are located in just five US states.” And although these states host a number of operators, the research also found that countrywide, “occupier demand is being maintained,” which means that the industry is yet to reach its full potential.

And although supply to the market is concentrated in three key states — New York, California, and Texas — demand in “emerging markets across the country appears robust.”

More stories for you

Latino Workforce Drives U.S. Economic Growth, Surpassing Expectations

Latino Workforce Drives U.S. Economic Growth, Surpassing Expectations

24 hours ago
Walmart Joins Major U.S. Companies Shifting Focus To Skills Over Degrees

Walmart Joins Major U.S. Companies Shifting Focus To Skills Over Degrees

24 hours ago
Is Your Leadership Crushing Your Team’s Productivity?

Is Your Leadership Crushing Your Team’s Productivity?

1 day ago
For Flex Space Operators, Virtual Offices Are (Nearly) Pure Profit

For Flex Space Operators, Virtual Offices Are (Nearly) Pure Profit

2 days ago

In a recent blog post reflecting on GCUC 2018, Cat Johnson wrote that we should think of the flexible workspace industry as the coffee industry. “On one side, you have Folgers and Maxwell House and Starbucks. On the other side, you have countless local, craft coffee roasters in towns and cities all over the world carefully making coffee for their local community at human scale.

“The successful craft coffee folks aren’t freaking out about Starbucks and Folgers. They’re focused on their craft, their products, their customers, the experience they offer, their brand, their outreach, their content, and engaging in their communities.

“Don’t get scared off by big money shared workspaces,” Cat writes. “They’re here and we’re going to see lots more of them in coming years.

“But small, independent spaces with a solid business backbone and a strong focus on what their members and community want are here too. (…) There’s plenty of room for everyone and, as with a good local coffee shop, a good local coworking space is far more appealing than big box coworking to a lot of us.”

Instant Group’s research proves that Cat is right in what she is saying. And even though “the slow process of consolidation may have begun as the bulk of growth in the market during the last year came from operators with 10+ centers (…) this has not deterred new entrants to the flexible space market. (…) The new entrants, in particular, seem to be driving the trend of ‘niche-ification’, providing spaces that cater to specific audiences and interests.”

These niche spaces tend to be owned by local, independent operators, as they “have a strong association with their membership base, and, as such, really understand the market drivers on a hyper local basis. Their local market knowledge means they have the confidence to open space that really caters to a particular form of demand,” John Williams, Head of Marketing at The Instant Group, stated in the research.  

Moreover, single city operators make up 93% of the market, and although they only run 53% of the total US market, they “don’t (need to) panic” as Cat Johnson wrote. “There is a real sense in the market that it is easier to compete in your local market, where the drivers of occupier demand are better known and the relative value of property understood. This adds to the sense of small, organically grown businesses that give the market its distinct flavor and is adding to the awareness of specialist occupier demand.”

Shifting towards management contracts

This year at GCUC, Jamie Hodari of Industrious encouraged attendees to start thinking about management contracts to run a flexible workspace. Some believe management contracts are the future of the industry, especially as property groups and real estate owners begin to add coworking spaces as part of their building amenities.

Luckily for current operators, “landlords are not as knowledgeable in orchestrating these types of experiences” and they are in learning and relying on experienced partners for help.

Instant’s research found that 66% of landlords believe the trend towards flexible workspace is “extremely likely to impact their business.” Of those, only 33% of them currently offer coworking space within their building, and although only one third of them are thinking of providing flexible workspace in the future, 67% stated that they would use a 3rd party to operate and run the flexible workspace business.

Which means there is a big opportunity for operators to diversify their business and find creative ways to grow their footprint.

Additional findings from the report

  • There is now an estimated 80 million square feet of flexible space in the US
  • Boston is the most expensive city with an average desk rate of US$1,889
  • San Francisco, San Jose, Dallas, Austin, Boston, and Washington D.C. are the top 6 high growth cities
  • The average number of centers per operator is increasing and operators have started to diversify the type space they are offering to the market
  • Amenities are now the expectation; “a well-recognized wellness partner and food provider within the building are the new must-haves”
  • Portfolio deals for 12+ months are up 10% over the last year
Survey
Cecilia Amador de San José

Cecilia Amador de San José

Cecilia Amador de San José, Senior Associate Editor of Allwork.Space, is based from wherever her laptop is. She enjoys traveling and visiting new flexible workspaces.

No Result
View All Result
OfficerRnD_ Flex Startup Program_Image_Square_AllWork_300х250
Survey

Latest News

Latino Workforce Drives U.S. Economic Growth, Surpassing Expectations

Latino Workforce Drives U.S. Economic Growth, Surpassing Expectations

September 29, 2023
Walmart Joins Major U.S. Companies Shifting Focus To Skills Over Degrees

Walmart Joins Major U.S. Companies Shifting Focus To Skills Over Degrees

September 29, 2023
Apprenticeships Could Solve High-Turnover, Low-Pay Crisis

Apprenticeships Could Solve High-Turnover, Low-Pay Crisis

September 28, 2023
India Experiences Rise In Eco-Friendly Workplaces

India Experiences Rise In Eco-Friendly Workplaces

September 28, 2023
U.K. Commercial Landlords Pivot To Flexible Workspaces On High Demand

U.K. Commercial Landlords Pivot To Flexible Workspaces On High Demand

September 28, 2023
Open Internet Battle Resumes: How Could Net Neutrality Revival Shape the Future of Work?

Open Internet Battle Resumes: How Could Net Neutrality Revival Shape the Future of Work?

September 27, 2023

News and Features

Business

Tech

Marketing

Design

Work-life

CRE

Coworking

Workforce

Daily Digest

Podcast

Resources

Marketplace

Events

Press Releases

FlexSpace, Coworking
and Office Space

Los Angeles

New York

Chicago

Washington, D.C.

Houston

Dallas

Miami

San Francisco

Atlanta

Philadelphia

Seattle

Austin

Company

About Us

Submit to Allwork.Space

Contact

Advertise

FlexSpace

Terms Of Use

FlexSpace FAQs

Privacy Policy

Connect with Allwork.Space

Twitter

Linkedin

Facebook

Instagram

YouTube

Apple Podcasts

Spotify

Google Podcasts

©2023 Allwork.Space  l  Exploring the FUTURE OF WORK® since 2003.

No Result
View All Result
  • Home
  • News
  • Topics
    • Business
    • Leadership
    • Work-life
    • Workforce
    • Career Growth
    • Design
    • Tech
    • Coworking
    • Marketing
    • CRE
  • Experts
    • Podcast
    • Opinions
  • Resources
    • Research + Reports
    • Marketplace
    • Find Office Space
    • Find Remote Jobs
    • Press
  • Events
  • About Us
    • Advertise
    • Submit to Allwork.Space
    • Contact
Subscribe

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00