What To Expect From Flex Spaces In 2020
As we approach a new decade, the real estate industry is expecting workplaces to undergo massive transformations that will echo throughout the 2020s.
According to JLL experts, flexible workspaces will be one of the most notable developments in commercial real estate, as it transitions into a mainstream option rather than a niche one. Along with this, demand for flexible space will continue to be strong.
JLL also anticipates flex space to take up 30% of total office stock across the U.S., Europe, Middle East and Africa by 2030.
As flex space becomes a prominent part of commercial real estate, investors will scrutinize certain business models and technologies in order to see which will help the sector flourish.
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With online shopping takes over the retail industry, stores and malls will be forced to find new ways to attract customers into their spaces. This has led some developers to incorporate coworking spaces within malls.
Moreso, occupiers are putting more emphasis on sustainable offerings, with Tom Carroll, head of UK and EMEA corporate research, predicting 2020 to be the year “when companies make a closer connection between their objectives and their real estate strategy and investment.”
“We will see greater emphasis on impact investing, creating strong ties with communities and significantly reducing carbon footprints on the journey to net zero,” said Carroll.
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