Advertisement
Back To Daily Digest
Tags: BUSINESS

Flexible Workspaces Are Here to Stay

The flexible workspace industry has changed the dynamic of the global CRE market as users continue to demand flexible workspace solutions. In the US alone, flexible workspaces accounted for nearly two-thirds of office absorption in 2018.  

People are drawn to flexible and coworking spaces because of their wide array of amenities, including coffee, food, yoga classes, nap rooms, varied workstations, and flexible lease-terms. However, many people remain skeptical on whether the industry will prove to be sustainable, especially as markets begin to saturate with various coworking offerings.

In the US, flexible workspaces account for less than 5% of all US office stock, though JLL expects this number to reach 30% 10 years from now, especially fast-growing metropolitan areas like Denver. Another key trait that makes certain metros more likely to experience flexible workspace growth include those with new construction projects. In Denver specifically, 9.7 million square feet of new office space have been delivered since 2010, with a third of that deliver in 2018 alone.

The Latest News
Delivered To Your Inbox

Flexible workspaces are now looking to corporate clients to continue powering their growth, especially as large companies seek increased flexibility in their leases in order to move or expand into new markets. Coworking spaces are also moving out of urban areas and into suburban neighborhoods in order to cover increasing tenant demand in those areas.

ABOUT 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. If you'd like Ceci to check out your workspace, feel free to reach out to her at [email protected] (and send a plane ticket). View all posts by Cecilia Amador de San José

Latest on Daily Digest

The Wing Members Demand Big Changes

Trends To Shape The Future Of The Workspace

Flexible Offices Could Be A Solution For Financial Services Firms

Hybrid Work Weeks Are The Future

Creating A Safe Workplace For Employees

LA Landlords Are Concerned About The Coming Months

De-densification Is The Future Of The Workplace

Remote Work Has Enhanced Digital Transformation

Leasing Activity For 2021 Looking Optimistic

Ad
Advertisement

FOLLOW US

  • Facebook
  • Twitter
  • LinkedIn
  • RSS
  • instagram
  • pinterest
Ad
Advertisement
Advertisement
Advertisement
Advertisement