• Events
  • Marketplace
  • Resources
  • Press Releases
  • Business Directory
  • About Us
  • Advertise
  • Contact
The FUTURE OF WORK® since 2003
Allwork.Space
Subscribe
  • All Topics
    • Business
    • Biophilic Design
    • Career Growth
    • Coliving
    • Collaboration
    • Coworking
    • CRE
    • DE&I
    • Digital Nomads
    • Future of Work
    • Home Office
    • Human Resources (HR)
    • Hybrid Work
    • Investment
    • Leadership
    • Marketing
    • Mental Health
    • Mergers & Acquisitions
    • Office Furniture
    • Productivity
    • PropTech
    • Remote Work
    • Self-care
    • SMBs
    • Social Impact
    • Space-as-a-Service
    • Technology
    • Virtual Office
    • Work-life Balance
    • Workforce
    • Workplace Design
    • Workplace Wellness
  • NewsLatest
  • Business
    How The Middle East Will Become A Financial Center In The Future Of Work

    How The Middle East Will Become A Financial Center In The Future Of Work

    Is Your Collaboration Smart

    Is Your Collaboration Smart?

    Demystifying Workplace Culture

    Demystifying Workplace Culture

    A Leader’s Guide To Creating Strong And Authentic Organizational Culture

    A Leader’s Guide To Creating Strong And Authentic Organizational Culture

    Boost Your Financial Know-How: Mastering Effective Strategies in the Future of Work

    Boost Your Financial Know-How: Mastering Effective Strategies in the Future of Work

    Why Human Connections Are A Business Advantage In A Remote World

    Why Human Connections Are A Business Advantage In A Remote World

    Is Adam Neumann’s Flow a bold new CRE/coworking venture, or just a repeat of past mistakes?

    Neumann’s Flow: A $1 Billion Valued Wildcard to Watch in 2023

    Identifying and Overcoming 4 Common Barriers to DEI

    Identifying and Overcoming 4 Common Barriers to DEI

    The Real Reasons for Hybrid Workers to Come to the Office

    The Real Reasons for Hybrid Workers to Come to the Office

  • Work-life
    A New Approach To Work: The Benefits Of Implementing Activity-Based Working In Your Office

    A New Approach To Work: The Benefits Of Implementing Activity-Based Working In Your Office

    Use These Tools to Make Your Remote Work Dreams Come True

    Use These Tools to Make Your Remote Work Dreams Come True

    Are Digital Nomads Catalysts For Growth Or A Hazard To Locals?

    Are Digital Nomads Catalysts For Growth Or A Hazard To Locals?

    New Postpartum Depression Breakthrough Could Rewrite The Future Of Work For Mothers

    New Postpartum Depression Breakthrough Could Rewrite The Future Of Work For Mothers

    How To Actually Get Sh*t Done Working From Home

    How To Actually Get Sh*t Done Working From Home

    Chart Your Path To Leadership: 8 Proven Steps To Build Your Professional Credibility

    Chart Your Path To Leadership: 8 Proven Steps To Build Your Professional Credibility

    When Too Much Talk Turns Toxic

    When Too Much Talk Turns Toxic

    Your Dream Workation In The Swiss Alps Awaits (And It's More Affordable Than You Think)

    Your Dream Workation In The Swiss Alps Awaits (And It’s More Affordable Than You Think)

    Should DEI be the Cornerstone of Your Workplace Strategy?

    Should DEI be the Cornerstone of Your Workplace Strategy?

  • Tech
    AI Tools Making Space For More Architectural Creativity

    AI Tools Making Space For More Architectural Creativity

    How Can We Navigate The Ethical Minefield Of AI Moderation In The Future Of Work?

    How Can We Navigate The Ethical Minefield Of AI Moderation In The Future Of Work?

    TikTok’s robust new RTO monitoring software sparks employee backlash, concerns about tracking.

    TikTok’s MyRTO: The Future Of Office Attendance Or Employee Tracking Nightmare?

    6 Ways 6G Will Reshape The Future Of Work And Connectivity

    6 Ways 6G Will Reshape The Future Of Work And Connectivity

    8 Reasons Gamification is More Than Fun and Games At Work

    8 Reasons Gamification is More Than Fun and Games At Work

    Nexudus Unveils OpenAI Integration For Seamless Help Desk Automation

    Nexudus Unveils OpenAI Integration For Seamless Help Desk Automation

    The AI Revolution Liberating Workers From The Office

    The AI Revolution Liberating Workers From The Office

    Aerial Shift: How Drones are Redrawing the Landscape of the Future Workplace

    Aerial Shift: How Drones are Redrawing the Landscape of the Future Workplace

    AI Solutions Won’t Solve Workplace Well-Being Woes

    AI Solutions Won’t Solve Workplace Well-Being Woes

  • Design
    Gen Z’s Impact On The Workplace: Tech-Enabled And Collaborative

    Gen Z’s Impact On The Workplace: Tech-Enabled And Collaborative

    4 Priorities To Consider When Designing Workplaces For Gen Z

    4 Priorities To Consider When Designing Workplaces For Gen Z

    A Playful Office Doesn’t Have To Look Like a Playground

    A Playful Office Doesn’t Have To Look Like a Playground

    From Ghost Town Fridays To Vibrant Workspaces: The Power Of Synchronicity In Office Design

    From Ghost Town Fridays To Vibrant Workspaces: The Power Of Synchronicity In Office Design

    How Can Office Design Support Multigenerational Collaboration?

    How Can Office Design Support Multigenerational Collaboration?

    Are We Losing Sight Of How To Build A Better Workplace For The Future Of Work?

    Are We Losing Sight Of How To Build A Better Workplace For The Future Of Work?

    How Do You Prepare Your Office For Future Success? Design It For Gen Z

    How Do You Prepare Your Office For Future Success? Design It For Gen Z

    The Future of Work Includes Everyone — Tailoring Office Spaces for Neurodiversity

    The Future of Work Includes Everyone — Tailoring Office Spaces for Neurodiversity

    Top 10 Ways To Make People Feel More Comfortable And Productive At Work

    Top 10 Ways To Make People Feel More Comfortable And Productive At Work

  • Workforce
    Zooming In On Engagement: How Turning Off Your Camera Can Hurt Your Career

    Zooming In On Engagement: How Turning Off Your Camera Can Hurt Your Career

    Google’s Myth Of Losing Social Capital In Hybrid Work

    Google’s Myth Of Losing Social Capital In Hybrid Work

    How To Stop Micromanaging and Start Trusting Your Staff

    How To Stop Micromanaging and Start Trusting Your Staff

    5 Ways To Avoid Well-Being Washing And Provide Authentic Support To Employees

    5 Ways To Avoid Well-Being Washing And Provide Authentic Support To Employees

    rust-Building in Remote Work The Synergy Between Telehealth And Employee Well-being

    Trust-Building in Remote Work: The Synergy Between Telehealth And Employee Well-being

    Without any widely agreed upon courses and certificates, individuals that want to prove their proficiency with AI need to show their work and prove their worth on an individual level rather than utilizing an online course or certificate.

    How Can You Showcase AI Skills To Supercharge Your Resume?

    Unlocking the HR Secrets of Hybrid Work

    Unlocking the HR Secrets of Hybrid Work

    Redefining Employee Experiences: Why Leading Companies Prioritize EX Design

    Redefining Employee Experiences: Why Leading Companies Prioritize EX Design

    Mothers with Young Children Defy Expectations, Reach Record High Workforce Participation

    Mothers with Young Children Defy Expectations, Reach Record High Workforce Participation

  • Coworking
    For Flex Space Operators, Virtual Offices Are (Nearly) Pure Profit

    For Flex Space Operators, Virtual Offices Are (Nearly) Pure Profit

    Location, Location, Location: Why Your Next Coworking Space Should Be In A Residential Neighborhood

    Location, Location, Location: Why Your Next Coworking Space Should Be In A Residential Neighborhood

    Heads-up, Transactional Spaces: The Future Is Coming

    Heads-up, Transactional Spaces: The Future Is Coming

    Caffeine, Connection, And Career Growth: Coworking Cafés Are Brewing Productivity

    Caffeine, Connection, And Career Growth: Coworking Cafés Are Brewing Productivity

    It’s Time To Rethink Office Valuation Models

    It’s Time To Rethink Office Valuation Models

    Aiming Higher: Strategies to Advance Your Community Manager Career in Coworking Spaces

    Aiming Higher: Strategies to Advance Your Community Manager Career in Coworking Spaces

    WeWork’s Collapse Will Cause Massive Losses In The U.K. And Australia, Too

    WeWork’s Collapse Will Cause Massive Losses In The U.K. And Australia, Too

    How To Convert Clicks into Memberships: Optimizing Coworking Websites for Impactful Results

    Converting Clicks into Memberships: Optimizing Coworking Websites for Impactful Results

    Demand for Privacy and Security in Coworking and Flex Spaces Is Increasing: Is Your Business Prepared?

    Demand for Privacy and Security in Coworking and Flex Spaces Is Increasing: Is Your Business Prepared?

  • Marketing
    Take One Simple Step To Boost Buy-in And Brand Engagement

    Take One Simple Step To Boost Buy-in And Brand Engagement

    How Can Conversational Marketing Drive ROI And Human Connection In The Future Of Work?

    How Can Conversational Marketing Drive ROI And Human Connection In The Future Of Work?

    Community is Your Marketing Superpower

    Community is Your Marketing Superpower

    Unlock The Power Of Conversational Marketing To Attract and Retain Customers

    Unlock The Power Of Conversational Marketing To Attract and Retain Customers

    10 Reasons To Give Sprout Social A (Free) Try

    10 Reasons To Give Sprout Social A (Free) Try

    8 Reasons Why Sponsored Content Is Worth The Investment For Your Brand

    8 Reasons Why Sponsored Content Is Worth The Investment For Your Brand

    Instagram GenZ

    2023 Instagram Trends Reveal How To Market To Gen Z

    TrueView360 Interactive Virtual Tours

    TrueView360s Interactive Virtual Tours

    2023 Future Of Work Forecast: Focus Marketing On Values and Customer Experience, Not The Product

    2023 Future Of Work Forecast: Focus Marketing On Values and Customer Experience, Not The Product

  • CRE
    From Cubicles To Community Hubs: Reimagining Work As An Activity, Not A Place

    From Cubicles To Community Hubs: Reimagining Work As An Activity, Not A Place

    Dave Cairns

    Dave Cairns SVP of CBRE | Unlocking Urban Potential: Repurposing Office Spaces for Sustainable Development

    Remote Work And Rising Interest Rates Are Changing The Landscape Of Commercial Real Estate

    Remote Work And Rising Interest Rates Are Changing The Landscape Of Commercial Real Estate

    The Future of NYC Real Estate: How Remote Work is Reshaping Investment Dynamics

    The Future of NYC Real Estate: How Remote Work is Reshaping Investment Dynamics

    What's Going On With Office Vacancies?

    What’s Going On With Office Vacancies?

    75% Of Business Leaders Lack Data Needed For Crucial CRE Decisions

    75% Of Business Leaders Lack Data Needed For Crucial CRE Decisions

    Rapid Work Style Shifts Are Tanking Tax Revenues — Can City Planners Catch Up?

    Rapid Work Style Shifts Are Tanking Tax Revenues — Can City Planners Catch Up?

    San Francisco Skyline

    The Future of Commercial Real Estate in San Francisco Doesn’t Look Good

    3 Things CRE Players Must Do To Stay Relevant In 2023

    2023 Future Of Work Forecast: 3 Things CRE Players Must Do To Stay Relevant In 2023

  • Podcast
  • More
    • Advertise With Us
    • Marketplace
    • Events
  • All Topics
    • Business
    • Biophilic Design
    • Career Growth
    • Coliving
    • Collaboration
    • Coworking
    • CRE
    • DE&I
    • Digital Nomads
    • Future of Work
    • Home Office
    • Human Resources (HR)
    • Hybrid Work
    • Investment
    • Leadership
    • Marketing
    • Mental Health
    • Mergers & Acquisitions
    • Office Furniture
    • Productivity
    • PropTech
    • Remote Work
    • Self-care
    • SMBs
    • Social Impact
    • Space-as-a-Service
    • Technology
    • Virtual Office
    • Work-life Balance
    • Workforce
    • Workplace Design
    • Workplace Wellness
  • NewsLatest
  • Business
    How The Middle East Will Become A Financial Center In The Future Of Work

    How The Middle East Will Become A Financial Center In The Future Of Work

    Is Your Collaboration Smart

    Is Your Collaboration Smart?

    Demystifying Workplace Culture

    Demystifying Workplace Culture

    A Leader’s Guide To Creating Strong And Authentic Organizational Culture

    A Leader’s Guide To Creating Strong And Authentic Organizational Culture

    Boost Your Financial Know-How: Mastering Effective Strategies in the Future of Work

    Boost Your Financial Know-How: Mastering Effective Strategies in the Future of Work

    Why Human Connections Are A Business Advantage In A Remote World

    Why Human Connections Are A Business Advantage In A Remote World

    Is Adam Neumann’s Flow a bold new CRE/coworking venture, or just a repeat of past mistakes?

    Neumann’s Flow: A $1 Billion Valued Wildcard to Watch in 2023

    Identifying and Overcoming 4 Common Barriers to DEI

    Identifying and Overcoming 4 Common Barriers to DEI

    The Real Reasons for Hybrid Workers to Come to the Office

    The Real Reasons for Hybrid Workers to Come to the Office

  • Work-life
    A New Approach To Work: The Benefits Of Implementing Activity-Based Working In Your Office

    A New Approach To Work: The Benefits Of Implementing Activity-Based Working In Your Office

    Use These Tools to Make Your Remote Work Dreams Come True

    Use These Tools to Make Your Remote Work Dreams Come True

    Are Digital Nomads Catalysts For Growth Or A Hazard To Locals?

    Are Digital Nomads Catalysts For Growth Or A Hazard To Locals?

    New Postpartum Depression Breakthrough Could Rewrite The Future Of Work For Mothers

    New Postpartum Depression Breakthrough Could Rewrite The Future Of Work For Mothers

    How To Actually Get Sh*t Done Working From Home

    How To Actually Get Sh*t Done Working From Home

    Chart Your Path To Leadership: 8 Proven Steps To Build Your Professional Credibility

    Chart Your Path To Leadership: 8 Proven Steps To Build Your Professional Credibility

    When Too Much Talk Turns Toxic

    When Too Much Talk Turns Toxic

    Your Dream Workation In The Swiss Alps Awaits (And It's More Affordable Than You Think)

    Your Dream Workation In The Swiss Alps Awaits (And It’s More Affordable Than You Think)

    Should DEI be the Cornerstone of Your Workplace Strategy?

    Should DEI be the Cornerstone of Your Workplace Strategy?

  • Tech
    AI Tools Making Space For More Architectural Creativity

    AI Tools Making Space For More Architectural Creativity

    How Can We Navigate The Ethical Minefield Of AI Moderation In The Future Of Work?

    How Can We Navigate The Ethical Minefield Of AI Moderation In The Future Of Work?

    TikTok’s robust new RTO monitoring software sparks employee backlash, concerns about tracking.

    TikTok’s MyRTO: The Future Of Office Attendance Or Employee Tracking Nightmare?

    6 Ways 6G Will Reshape The Future Of Work And Connectivity

    6 Ways 6G Will Reshape The Future Of Work And Connectivity

    8 Reasons Gamification is More Than Fun and Games At Work

    8 Reasons Gamification is More Than Fun and Games At Work

    Nexudus Unveils OpenAI Integration For Seamless Help Desk Automation

    Nexudus Unveils OpenAI Integration For Seamless Help Desk Automation

    The AI Revolution Liberating Workers From The Office

    The AI Revolution Liberating Workers From The Office

    Aerial Shift: How Drones are Redrawing the Landscape of the Future Workplace

    Aerial Shift: How Drones are Redrawing the Landscape of the Future Workplace

    AI Solutions Won’t Solve Workplace Well-Being Woes

    AI Solutions Won’t Solve Workplace Well-Being Woes

  • Design
    Gen Z’s Impact On The Workplace: Tech-Enabled And Collaborative

    Gen Z’s Impact On The Workplace: Tech-Enabled And Collaborative

    4 Priorities To Consider When Designing Workplaces For Gen Z

    4 Priorities To Consider When Designing Workplaces For Gen Z

    A Playful Office Doesn’t Have To Look Like a Playground

    A Playful Office Doesn’t Have To Look Like a Playground

    From Ghost Town Fridays To Vibrant Workspaces: The Power Of Synchronicity In Office Design

    From Ghost Town Fridays To Vibrant Workspaces: The Power Of Synchronicity In Office Design

    How Can Office Design Support Multigenerational Collaboration?

    How Can Office Design Support Multigenerational Collaboration?

    Are We Losing Sight Of How To Build A Better Workplace For The Future Of Work?

    Are We Losing Sight Of How To Build A Better Workplace For The Future Of Work?

    How Do You Prepare Your Office For Future Success? Design It For Gen Z

    How Do You Prepare Your Office For Future Success? Design It For Gen Z

    The Future of Work Includes Everyone — Tailoring Office Spaces for Neurodiversity

    The Future of Work Includes Everyone — Tailoring Office Spaces for Neurodiversity

    Top 10 Ways To Make People Feel More Comfortable And Productive At Work

    Top 10 Ways To Make People Feel More Comfortable And Productive At Work

  • Workforce
    Zooming In On Engagement: How Turning Off Your Camera Can Hurt Your Career

    Zooming In On Engagement: How Turning Off Your Camera Can Hurt Your Career

    Google’s Myth Of Losing Social Capital In Hybrid Work

    Google’s Myth Of Losing Social Capital In Hybrid Work

    How To Stop Micromanaging and Start Trusting Your Staff

    How To Stop Micromanaging and Start Trusting Your Staff

    5 Ways To Avoid Well-Being Washing And Provide Authentic Support To Employees

    5 Ways To Avoid Well-Being Washing And Provide Authentic Support To Employees

    rust-Building in Remote Work The Synergy Between Telehealth And Employee Well-being

    Trust-Building in Remote Work: The Synergy Between Telehealth And Employee Well-being

    Without any widely agreed upon courses and certificates, individuals that want to prove their proficiency with AI need to show their work and prove their worth on an individual level rather than utilizing an online course or certificate.

    How Can You Showcase AI Skills To Supercharge Your Resume?

    Unlocking the HR Secrets of Hybrid Work

    Unlocking the HR Secrets of Hybrid Work

    Redefining Employee Experiences: Why Leading Companies Prioritize EX Design

    Redefining Employee Experiences: Why Leading Companies Prioritize EX Design

    Mothers with Young Children Defy Expectations, Reach Record High Workforce Participation

    Mothers with Young Children Defy Expectations, Reach Record High Workforce Participation

  • Coworking
    For Flex Space Operators, Virtual Offices Are (Nearly) Pure Profit

    For Flex Space Operators, Virtual Offices Are (Nearly) Pure Profit

    Location, Location, Location: Why Your Next Coworking Space Should Be In A Residential Neighborhood

    Location, Location, Location: Why Your Next Coworking Space Should Be In A Residential Neighborhood

    Heads-up, Transactional Spaces: The Future Is Coming

    Heads-up, Transactional Spaces: The Future Is Coming

    Caffeine, Connection, And Career Growth: Coworking Cafés Are Brewing Productivity

    Caffeine, Connection, And Career Growth: Coworking Cafés Are Brewing Productivity

    It’s Time To Rethink Office Valuation Models

    It’s Time To Rethink Office Valuation Models

    Aiming Higher: Strategies to Advance Your Community Manager Career in Coworking Spaces

    Aiming Higher: Strategies to Advance Your Community Manager Career in Coworking Spaces

    WeWork’s Collapse Will Cause Massive Losses In The U.K. And Australia, Too

    WeWork’s Collapse Will Cause Massive Losses In The U.K. And Australia, Too

    How To Convert Clicks into Memberships: Optimizing Coworking Websites for Impactful Results

    Converting Clicks into Memberships: Optimizing Coworking Websites for Impactful Results

    Demand for Privacy and Security in Coworking and Flex Spaces Is Increasing: Is Your Business Prepared?

    Demand for Privacy and Security in Coworking and Flex Spaces Is Increasing: Is Your Business Prepared?

  • Marketing
    Take One Simple Step To Boost Buy-in And Brand Engagement

    Take One Simple Step To Boost Buy-in And Brand Engagement

    How Can Conversational Marketing Drive ROI And Human Connection In The Future Of Work?

    How Can Conversational Marketing Drive ROI And Human Connection In The Future Of Work?

    Community is Your Marketing Superpower

    Community is Your Marketing Superpower

    Unlock The Power Of Conversational Marketing To Attract and Retain Customers

    Unlock The Power Of Conversational Marketing To Attract and Retain Customers

    10 Reasons To Give Sprout Social A (Free) Try

    10 Reasons To Give Sprout Social A (Free) Try

    8 Reasons Why Sponsored Content Is Worth The Investment For Your Brand

    8 Reasons Why Sponsored Content Is Worth The Investment For Your Brand

    Instagram GenZ

    2023 Instagram Trends Reveal How To Market To Gen Z

    TrueView360 Interactive Virtual Tours

    TrueView360s Interactive Virtual Tours

    2023 Future Of Work Forecast: Focus Marketing On Values and Customer Experience, Not The Product

    2023 Future Of Work Forecast: Focus Marketing On Values and Customer Experience, Not The Product

  • CRE
    From Cubicles To Community Hubs: Reimagining Work As An Activity, Not A Place

    From Cubicles To Community Hubs: Reimagining Work As An Activity, Not A Place

    Dave Cairns

    Dave Cairns SVP of CBRE | Unlocking Urban Potential: Repurposing Office Spaces for Sustainable Development

    Remote Work And Rising Interest Rates Are Changing The Landscape Of Commercial Real Estate

    Remote Work And Rising Interest Rates Are Changing The Landscape Of Commercial Real Estate

    The Future of NYC Real Estate: How Remote Work is Reshaping Investment Dynamics

    The Future of NYC Real Estate: How Remote Work is Reshaping Investment Dynamics

    What's Going On With Office Vacancies?

    What’s Going On With Office Vacancies?

    75% Of Business Leaders Lack Data Needed For Crucial CRE Decisions

    75% Of Business Leaders Lack Data Needed For Crucial CRE Decisions

    Rapid Work Style Shifts Are Tanking Tax Revenues — Can City Planners Catch Up?

    Rapid Work Style Shifts Are Tanking Tax Revenues — Can City Planners Catch Up?

    San Francisco Skyline

    The Future of Commercial Real Estate in San Francisco Doesn’t Look Good

    3 Things CRE Players Must Do To Stay Relevant In 2023

    2023 Future Of Work Forecast: 3 Things CRE Players Must Do To Stay Relevant In 2023

  • Podcast
  • More
    • Advertise With Us
    • Marketplace
    • Events
No Result
View All Result
Allwork.Space
OfficerRnD_ Flex Startup Program_Image_Leaderboard_AllWork_728x90
Home CRE

Future Of Work: A Q&A With Jeff Shaw, Bridge Commercial Real Estate CEO, On The Future Of Flex Space

Cecilia Amador de San JosébyCecilia Amador de San José
January 22, 2021
in CRE
Reading Time: 6 mins read
A A
New QA

Bridge Commercial Real Estate CEO, Jeff Shaw, discusses the current and future workspace trends, and what it means for flexible space.

Share on FacebookShare on TwitterShare to Network
Nexudus Ad
  • Suburban offices provide spacious floor plans, proximity to employees’ homes and park-like settings. Will these be the new must-haves in a post-pandemic world? 
  • With demand for suburban locations and hub-and-spoke continuing to grow, what will happen to tier one cities and CBDs? 
  • Allwork.Space spoke with Bridge Commercial Real Estate CEO, Jeff Shaw, to dive deeper into the current and future workspace trends, and what it means for flexible space. 

With the vaccine rollout already underway, employees will start to slowly return to the office, either in a full-term or part-time capacity.  

The question never was whether people would return to the office. Rather, the question that we should have asked all along was: 

Survey

Where will people return to the office? 

While some companies will ask employees to go back to their headquarters, likely located in tier 1 city CBDs, other companies have already started to evaluate the possibility of moving to suburban and secondary markets.  

More stories for you

The Ultimate Layoff Survival Guide How To Rebound From A Job Loss

The Ultimate Layoff Survival Guide: How To Rebound From A Job Loss

3 months ago
The Fusion Office: Hospitality, Residential and Retail-Inspired Workplaces

The Fusion Office: Hospitality, Residential and Retail-Inspired Workplaces

3 months ago
5 Ways Immersive Audio Can Boost Workplace Wellness And Productivity

5 Ways Immersive Audio Can Boost Workplace Wellness And Productivity

3 months ago
3 Key Steps To Establish A Successful Coworking Space Management Team

3 Key Steps To Establish A Successful Coworking Space Management Team

3 months ago

This is where office activity has concentrated during the pandemic.  

Allwork.Space spoke with Bridge Commercial Real Estate CEO, Jeff Shaw, to dive deeper into which areas are experiencing accelerated demand for enterprise flex solutions and office leasing activity. Below are the highlights of our conversation.  

Allwork.Space: Why do you believe secondary suburban markets are experiencing an increase in flexible office inventory? 

Jeff Shaw: Suburban markets are experiencing an increase in flexible offices due to the inherent location and logistical advantages they hold over their CBD counterparts. Spacious floor plans, a more tangible sense of community, closer proximity to the homes of employees and outdoor, park-like settings are now valuable commodities in a post-pandemic world.  

More flexible lease terms and urban-style amenities are also drawing office users toward the suburbs as many companies begin to reduce real estate costs by gravitating toward a “hub and spoke” model of satellite offices rather than a single, large headquarters in the urban core.  

Allwork.Space: How have flexible space providers responded to more companies gravitating toward the hub and spoke model? More importantly, are flexible space providers able to deliver on this product in suburban markets and if so, how is it different from their execution in CBDs? 

If you look at the numbers over the last several months, it’s clear that momentum is growing for suburban office space in general, which bodes well for the more specific category of suburban flex space.  

At Bridge, we saw prospective activity and rent growth continue in our portfolio through 2020, with activity levels in the fourth quarter surpassing that of the fourth quarter of 2019 and the number of leases signed in 2020 exceeding 2019.  

A new report from the National Association of Realtors reveals that office prices in suburban markets are up 35% from one year ago, while prices in CBDs are down by 14%. Another recent study by CBRE found that a considerable amount of available downtown office supply will cause high vacancy to persist through 2021 at a rate only 80 basis points below its peak after the Great Financial Crisis. 

While the U.S. office market as a whole has certainly seen a slowdown, the data shows that the stark collapse in leasing activity that has taken place in urban core areas does not necessarily hold true in many suburban markets that are much better positioned to endure and rebound from the pandemic. 

These are areas that were already trending pre-pandemic due to the rise of amenity-rich environments with a renewed focus on walkability, and we anticipate that demand in suburban submarkets will continue to rise over the next year as the economy recovers and the impact of the virus subsides. Flex office operators understand where the growth is happening and will adapt their strategies accordingly. 

Allwork.Space: Just as companies have shifted their attitudes about flex space, can the same be said about landlords? 

Landlord attitudes are continuing to warm up toward flexible space as they understand the tremendous growth opportunities that are available. Brand operators like WeWork and IWG account for less than 25% of total flex inventory, helping to fuel a surge of traditional landlords seeking to fill the flex space vacuum that exists, particularly in secondary markets.  

A recent CBRE survey of almost 80 international companies found that 86% anticipate using flex space as a key part of real estate strategies going forward. Additionally, 82% favor buildings that include flex-space offerings. 

Many building owners are responding by launching their own branded flex offerings or forming management agreements with coworking providers. A landlord may have to invest more in capital expenditures on the front end, but ultimately receives a greater share of revenue compared to a conventional lease while also avoiding the pitfalls and risk in traditional coworking models most commonly associated with WeWork. As these trends continue to evolve, you may see many landlords allocate anywhere from 10 to 25% of their properties for flexible leases over the next decade. 

Allwork.Space: Let’s go back to the growing popularity of suburban markets. In your opinion, what are the key characteristics making suburban markets so appealing? 

Many companies are especially attracted to the perks offered in suburban markets, such as cheaper rent, shorter commutes, abundant parking, outdoor workspaces, health and wellness services and more. Flexibility, both in square footage of physical office space and leasing terms, is the bridge best suited to address the existing void caused by full-time remote work as companies seek hybrid solutions that are now in demand by a workforce that continues to gravitate and move toward suburban areas. 

Allwork.Space: How are these changes in office and location preferences impacting the CRE world? 

While the pandemic has undoubtedly impacted the industry, office work isn’t going away. We know firsthand that companies truly thrive when they have in-person collaboration so they can maintain a strong culture. As larger corporations take a fresh look at their office space, location and ample space to accommodate social distancing guidelines will be the driving factors. 

Companies must learn how to best allocate the space for work that can’t be done from home which is creating a shift toward the hub-and-spoke model. For Bridge, the activity level on leasing tours, deals and new prospects has remained close to last year, and COVID has mainly impacted the size of deals rather than the number of them. Other suburban landlords are also reporting new traction in inquiries and leasing tours for flexible space, offering tangible evidence of success and opportunity for owners and investors. 

Though no one can predict with certainty on how the script for the next decade will unfold, it is clear that suburban flex office space is going to have a significant impact on the broader CRE landscape. Office owners who remain agile and quickly adjust to rapid cultural shifts while delivering new models that tenants now expect will create the most opportunities for long-term growth and success. 

Allwork.Space: With companies and flex space providers gravitating towards suburban markets, what does this mean for CBDs in tier 1 cities? 

Just like we don’t believe working together in offices will go away, Bridge doesn’t believe cities will go away, either. There will be companies who continue to desire an office presence in these markets. However, the growth of flex space in suburban markets means properties in CBDs will need to work harder to deliver compelling offerings and amenities at the right price when competing to attract these companies. 

Subscribe to Allwork.Space
Tags: FUTURE OF WORK®
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.

No Result
View All Result
OfficerRnD_ Flex Startup Program_Illustration_Square_AllWork_300х250
2023 Media Kit Allwork.Space

Latest News

Apprenticeships Could Solve High-Turnover, Low-Pay Crisis

Apprenticeships Could Solve High-Turnover, Low-Pay Crisis

September 28, 2023
India Experiences Rise In Eco-Friendly Workplaces

India Experiences Rise In Eco-Friendly Workplaces

September 28, 2023
U.K. Commercial Landlords Pivot To Flexible Workspaces On High Demand

U.K. Commercial Landlords Pivot To Flexible Workspaces On High Demand

September 28, 2023
Open Internet Battle Resumes: How Could Net Neutrality Revival Shape the Future of Work?

Open Internet Battle Resumes: How Could Net Neutrality Revival Shape the Future of Work?

September 27, 2023
Number Of Women CEOs Reaches New Record, Is The Hype Justified?

Number Of Women CEOs Reaches New Record, Is The Hype Justified?

September 27, 2023
Remote Work Trends Push London Office Vacancies to Three-Decade Peak

Remote Work Trends Push London Office Vacancies to Three-Decade Peak

September 27, 2023

News and Features

Business

Tech

Marketing

Design

Work-life

CRE

Coworking

Workforce

Daily Digest

Podcast

Resources

Marketplace

Events

Press Releases

FlexSpace, Coworking
and Office Space

Los Angeles

New York

Chicago

Washington, D.C.

Houston

Dallas

Miami

San Francisco

Atlanta

Philadelphia

Seattle

Austin

Company

About Us

Submit to Allwork.Space

Contact

Advertise

FlexSpace

Terms Of Use

FlexSpace FAQs

Privacy Policy

Connect with Allwork.Space

Twitter

Linkedin

Facebook

Instagram

YouTube

Apple Podcasts

Spotify

Google Podcasts

©2023 Allwork.Space  l  Exploring the FUTURE OF WORK® since 2003.

No Result
View All Result
  • News
  • Topics
    • Work-life
    • Workforce
    • Design
    • Tech
    • Coworking
    • Business
    • CRE
    • Marketing
  • Experts
    • Podcast
    • Opinions
  • Resources
    • Research + Reports
    • Marketplace
    • Find Office Space
    • Find Remote Jobs
    • Press
  • Events
  • About Us
    • Advertise
    • Submit to Allwork.Space
    • Contact
Subscribe

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00