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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