• Marketplace
  • Resources
  • Business Directory
  • Events
  • Advertise
  • Brand Pulse
  • Publish a Press Release
  • Get the Newsletter
  • Contact
  • About Us
The FUTURE OF WORK® since 2003
Allwork.Space
No Result
View All Result
Subscribe
  • More
    • Columnists
      • Dr. Gleb Tsipursky – The Office Whisperer
      • Nirit Cohen – WorkFutures
      • Angela Howard – Culture Expert
      • Drew Jones – Design & Innovation
      • Jonathan Price – CRE & Flex Expert
    • Get the Newsletter
    • Events
    • Advertise With Us
    • Publish a Press Release
    • Brand PulseNew
    • Partner Portal
  • Latest News
  • Business
  • Leadership
  • Work-life
  • Career Growth
  • Tech
  • Design
  • Workforce
  • Coworking
  • CRE
  • Podcast
  • More
    • Columnists
      • Dr. Gleb Tsipursky – The Office Whisperer
      • Nirit Cohen – WorkFutures
      • Angela Howard – Culture Expert
      • Drew Jones – Design & Innovation
      • Jonathan Price – CRE & Flex Expert
    • Get the Newsletter
    • Events
    • Advertise With Us
    • Publish a Press Release
    • Brand PulseNew
    • Partner Portal
  • Latest News
  • Business
  • Leadership
  • Work-life
  • Career Growth
  • Tech
  • Design
  • Workforce
  • Coworking
  • CRE
  • Podcast
No Result
View All Result
Subscribe
Allwork.Space
No Result
View All Result
Advertisements
Maximize Flexible Space Revenue
Home Press

Austin And Dallas Dominate Flexible Office Space Market In Texas

Allwork.Space - PressbyAllwork.Space - Press
January 7, 2019
in Press
Reading Time: 3 mins read
A A
Daily Digest

Key areas Austin and Dallas are two of the highest growth flexible workspace cities in Texas

More stories for you

IWG Expands In Budapest With Two New Flexible Office Locations

IWG Expands In Budapest With Two New Flexible Office Locations

4 hours ago
WeWork India Continues Rapid Expansion With 200,000 Sq Ft Portfolio Addition

WeWork India Continues Rapid Expansion With 200,000 Sq Ft Portfolio Addition

4 hours ago
Why Full Occupancy Is No Longer A Flexible Workspace Bragging Point

Why Full Occupancy Is No Longer A Flexible Workspace Bragging Point

19 hours ago
U.K.’s Workspace Group Cuts Office Sizes As SMEs Favor Smaller, Flexible Spaces

U.K.’s Workspace Group Cuts Office Sizes As SMEs Favor Smaller, Flexible Spaces

6 days ago

Texas is one of the largest and fastest-growing markets for flexible office space in the US, along with California and New York. Increasing demand for flexible options in these three key states has seen center supply increase by 12% YoY, compared to 10% in emerging markets, according to a report by Instant Offices.­

With more businesses looking to swap conventional office space for flexible options across the US, the trend in coworking, serviced and hybrid offices is still growing and more than 20 years of data shows businesses can save up to 73% by choosing flexible office space over conventional leased space in the world’s major cities.

Advertisements
Nexudus - Tech Stack Lovers

Key areas Austin and Dallas are two of the highest growth cities in Texas. Over the last year, both experienced robust growth, strong desk prices and a surge in flexible workspace centers by 6% overall.

Despite rising demand in Texas, desk prices have cooled over the last year. This indicates supply might finally be catching up to demand as new entrants hit the market and existing operators expand.

Advertisements
Maximize Flexible Space Revenue

Average flexible desk rate in Austin reached $896 while Dallas saw average rates of $728 during the year. Both cities were dominated by the opening of hybrid centers, with Dallas seeing a 46% increase YoY and Austin an increase of 49%.

AVERAGE DESK COST

Dallas

$728

Austin

$896

According to data, there is an estimated 80 million square feet of flexible space across the US compared to between 50 and 60 million square feet in the UK, the world’s second-largest market. Serviced offices or executive suites used to dominate the market, but the recent focus on hybrid locations from large providers and the strong growth from independent coworking centers has meant that, as of the first half of 2018, these more traditional serviced spaces only make up 46% of the market.

DALLAS

AUSTIN

No. of Flex Working Centers

96

53

Growth 2017 vs 2018

6%

6%

Serviced

43%

22%

Coworking

10%

26%

Hybrid

46%

49%

Other

1%

3%

About The Instant Group: Flexible Workspace Specialists

Founded in 1999, The Instant Group is a workspace innovation company that rethinks workspace on behalf of its clients injecting flexibility, reducing cost and driving enterprise performance. Instant places more than 7,000 companies a year in flexible workspace such as serviced, managed or co-working offices including Sky, Network Rail, Capita, Serco, Teleperformance, Worldpay making it the market leader in flexible workspace.

Its listings’ platform Instant Offices hosts more than 12,000 flexible workspace centres across the world and is the only site of its kind to represent the global market, providing a service to FTSE 100, Fortune 500, and SME clients.  With offices in London, Newcastle, Berlin, Haifa, Dallas, New York, Miami, San Francisco, Hong Kong, Sydney, Singapore, and Kuala Lumpur, The Instant Group employs 230 experts and has clients in more than 150 countries. It has recently been included in the 2018 Sunday Times’ HSBC International Track 200. For more information, visit www.theinstantgroup.com.

Advertisements
Yardi Kube automates flex and coworking operations
Tags: Coworking
Share5Tweet3Share1
Allwork.Space - Press

Allwork.Space - Press

The Allwork.Space Press Room enables brands to broadcast their innovations and achievements, providing a streamlined channel for disseminating news and fostering meaningful dialogue with industry pioneers and thought leaders, ensuring their participation in shaping the Future Of Work®. Submit your Press Release Here

Other Stories Recommended For You

IWG Expands In Budapest With Two New Flexible Office Locations
News

IWG Expands In Budapest With Two New Flexible Office Locations

byAllwork.Space News Team
4 hours ago

International Workplace Group (IWG) has added two new flexible office locations in Budapest, marking a calculated expansion in response to...

Read more
WeWork India Continues Rapid Expansion With 200,000 Sq Ft Portfolio Addition

WeWork India Continues Rapid Expansion With 200,000 Sq Ft Portfolio Addition

4 hours ago
Why Full Occupancy Is No Longer A Flexible Workspace Bragging Point

Why Full Occupancy Is No Longer A Flexible Workspace Bragging Point

19 hours ago
U.K.’s Workspace Group Cuts Office Sizes As SMEs Favor Smaller, Flexible Spaces

U.K.’s Workspace Group Cuts Office Sizes As SMEs Favor Smaller, Flexible Spaces

6 days ago
Advertisements
Nexudus - Tech Stack Lovers
Advertisements
Disaster Avoidance Experts

Unlock your competitive edge in tomorrow's workplace.

Join a community of forward-thinking professionals who get exclusive access to the latest news, trends, and innovations that are shaping the future of work.

©2024 Allwork.Space News Corporation. All Rights Reserved.

Exploring the Future Of Work® since 2003.

Advertise   Newsletters   Privacy Policy   Terms Of Use   About Us   Contact   Submit a Press Release   Brand Pulse   Podcast   Events   

No Result
View All Result
  • Home
  • Latest News
  • Topics
    • Business
    • Leadership
    • Work-life
    • Workforce
    • Career Growth
    • Design
    • Tech
    • Coworking
    • Marketing
    • CRE
  • Podcast
  • Events
  • About Us
  • Solutions
    • Advertise | Media Kit
    • Publish a Press Release
    • Brand Pulse
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