Officebroker.com is rebranding as Officio to move away from the broker model and aid clients in finding long-term solutions, rather than completing short-term goals.
What we can expect from the flex space market
Colliers International’s U.S. Flexible Workspace Outlook report reveals the current and future trends of the market and how it is effecting occupiers and investors.
The report shows that the flexible workspace will continue growing fast, but will begin focusing more on enterprises and corporations as clients. Other companies are also expected to provide the right environment to retain young talent.
Flexible workspaces are still one of the few growing sources of office demand despite taking up only 1.6% of inventory in leading office markets.
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The sector is also impacting traditional leasing models and occupier portfolios as far as design and space utilization. Many landlords are also responding by opening their own flexible workspaces.
Coworking spaces in the tech market has almost doubled compared to other markets.
It is unsure how the market will function during an economic downturn, but it could put a premium on flexibility.
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JLL research revealed that Dallas-Fort Worth is ranked 12th out of the country’s top 15 coworking and flexible space markets, taking up 3 million square feet of space.
Office provider LABS has launched its 96,100 square foot flagship property LABS House in Bloomsbury, London that features coworking, offices, and full-service dining.
Cool office interiors are ideal at first glance, but looking into a company’s principles, such as gender equality and flexibility, will be the factors that retain talent.
Colliers International revealed the success of the office market last year due to high demand for coworking and tech firms, but predictions for 2019 are uncertain.
Shared office space providers as tenants have become the norm for many landlords and building owners, and now many REITs have adopted coworking as it continues to expand.
Brookfield Properties has teamed up with Convene to spruce up the 73,000 square foot Brookfield Place into a full-service events venue that accommodates up to 500 people.
Many coworking operators pride themselves on massive, rampant expansion, but some industry experts believe this growth could lead to failure and consolidation in 2019.