Dr. Gleb Tsipursky – The Office Whisperer
Cat Johnson – Coworking Marketing Maven
Angela Howard – Culture Expert
Drew Jones – Design & Innovation
Andrea Pirrotti-Dranchak – Competitive Advantage
Jonathan Price – CRE & Flex Expert
Jeremy Fennema – Tech Innovation Alchemist
A CBRE report has revealed that the flexible office market in the U.S will continue to generate growth, despite a recession, as consolidation and financial partnerships become more common.
The report reveals that the sector is anticipated to take up 13% of all office space by 2030, taking up 600 million square feet. In a low-growth scenario, the report still sees the sector taking up 6.5% of the market by 2030, and under the most aggressive flexible space adoption scenario, CBRE predicts the sector to account for up to 22%.
The growth in demand comes from both small business and enterprises that have started favoring flexible, short-term leases.
“We’re seeing a fundamental change in the expectations that organisations and their employees have for the workplace,” said Julie Whelan, CBRE’s Americas Head of Occupier Research. “This change is spurring an increasing number of companies to engage with flexible office solutions that provide the physical environment and business terms they prefer. This shift is ongoing.”
In the case of an economic downturn, growth would certainly slow and likely lead to consolidation among operators. Additionally, it could also cause a pivot in how operators and landlords operate flexible spaces, such as through partnership models.
