• Events
  • Marketplace
  • Resources
  • Press Releases
  • Business Directory
  • Advertise
  • About Us
  • Contact
  • Submit to Allwork.Space
  • Verified Remote Jobs
Thursday, March 30, 2023
Allwork.Space
The FUTURE OF WORK® since 2003
Find A Flexible Office Here
  • 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
  • News
  • Business
    The Million-Dollar Mistake Businesses In California Cannot Afford To Make: Compliance Deadline Approaching!

    The Million Dollar-Mistake Businesses In California Cannot Afford To Make: Compliance Deadline Approaching!

    How Africa’s Economy will Harness Digital Tech in the Future of Work

    How Africa’s Economy will Harness Digital Tech in the Future of Work

    Flexible Work and Investment in ESG are Driving Profitability for this Global Brand

    Flexible Work and Investment in ESG are Driving Profitability for this Global Brand

    Disney’s Imagination Has Failed

    Disney’s Imagination Has Failed

    Can COVID Booster Shots Save Your Business?

    Can COVID Booster Shots Save Your Business? 

    Three Culture-Building Steps To Create A World-Class Company

    Three Culture-Building Steps To Create A World-Class Company

    How To Manage Partnership Risks In The Future Of Work

    How To Manage Partnership Risks In The Future Of Work

    What It Takes To Be A Hybrid LeaderWhat It Takes To Be A Hybrid Leader

    Dr. Gleb Tsipursky CEO Of Disaster Avoidance Experts | What It Takes To Be A Hybrid Leader

    HR Leaders Share How New Salary Transparency Laws Have Changed Everything

    HR Leaders Share How New Salary Transparency Laws Have Changed Everything

    Trending Tags

    • Leadership
  • Work-life
    Build The Best Work Playlist: 8 Songs To Avoid And 10 To Blast

    Build The Best Work Playlist: 8 Songs To Avoid And 10 To Blast

    Escape The Lingering Cold In These 7 Countries Perfect For Remote Work

    Escape The Lingering Cold In These 7 Countries Perfect For Remote Work

    Say Goodbye Comfy Pants – 9 in 10 Companies Planning RTO This Year

    Say Goodbye Comfy Pants – 9 in 10 Companies Planning RTO This Year

    Remote Work Is Just E-Commerce Déjà Vu All Over Again

    Remote Work Is Just E-Commerce Déjà Vu All Over Again

    Four Days Is Enough

    Four Days Is Enough

    The CDC’s Vision For The Future Of Worker Health

    The CDC’s Vision For The Future Of Worker Health

    Will Influencers Be The New Recruiters In The Future Of Work?

    Will Influencers Be The New Recruiters In The Future Of Work?

    Office Party Etiquette Matters All Year

    Office Party Etiquette Matters All Year

    Fun Promises Won’t Get Your Employees Back To The Office

    Fun Promises Won’t Get Your Employees Back To The Office

  • Tech
    Paving the Way for the Future of the Workplace With the Metaverse

    Paving the Way for the Future of the Workplace With the Metaverse

    What You Need To Know About Web3 And Finding Great Developers

    What You Need To Know About Web3 And Finding Great Developers

    The Price Of Remote Work? Your Privacy

    The Price Of Remote Work? Your Privacy

    Should You Put Your Job On AI-Pilot Mode?

    Should You Put Your Job On AI-Pilot Mode?

    3 Steps To Build A Three-Dimensional Hybrid Workplace

    3 Steps To Build A Three-Dimensional Hybrid Workplace

    PETER MISCOVICH

    Peter Miscovich JLL Global Future Of Work Leader | The Hybrid Workplace Evolution: Unlocking The Future Of Work

    AI Is Transforming The Future Of Industrial Work

    AI Is Transforming The Future Of Industrial Work

    Reimagining Offices for Hybrid Work

    Reimagining Offices for Hybrid Work: Frameable.com CEO on the Future of Virtual Offices

    How AI Can Help The Humans Within Human Resources

    HR Professionals Are Burned Out. Can A.I. Help?

  • Design
    Living Buildings Are On The Way — The Future Office Will Breathe, Digest And Grow

    Living Buildings Are On The Way — The Future Office Will Breathe, Digest And Grow

    AI And the Next Generation of Workplace Architecture

    AI And the Next Generation of Workplace Architecture

    From Vacant to Vibrant: Activating Office Space at The Ground Plane

    From Vacant to Vibrant: Activating Office Space at The Ground Plane

    Ryan Anderson, Vice President of Global Research and Insights at Miller Knoll, explains the importance of getting the data to build a full picture of employee and company needs before designing the workspace — and how to do it.

    Unlocking Inclusive Design With Data: 6 Steps To Power Your Workplace

    The Powerful Impact Of Mood-boosting Office Designs

    The Powerful Impact Of Mood-boosting Office Designs

    What Can Workplace Design Practitioners Learn From Human Psychology?

    What Can Workplace Design Practitioners Learn From Human Psychology?

    Navigating The Complexity Of The Hybrid Workplace Design Process

    Navigating The Complexity Of The Hybrid Workplace Design Process

    The Gardens, 780 3rd Avenue, New York, NY 10017

    Coworking Spotlight: The Clearing in NYC Focuses on Hospitality

    The Secret Formula To Determine How (And How Often) Your Employees Should Work In The Office

    The Secret Formula To Determine How (And How Often) Your Employees Should Work In The Office

  • Workforce
    4 Ways To Financially Support Your Employees (Other Than Raises)

    4 Ways To Financially Support Your Employees (Other Than Raises)

    New Study Shows Managers Are Changing Their Minds About The Hybrid Work Model

    New Study Shows Managers Are Changing Their Minds About The Hybrid Work Model

    Data-based Strategies to Manage Talent, Workplace Experience

    Data-based Strategies To Manage Talent, Workplace Experience

    Meditation Apps: Workplace Fad Or The Key To A Happier Workforce?

    Meditation Apps: Workplace Fad Or The Key To A Happier Workforce?

    Culturally Diverse Workforces Require Bespoke Mental Health Support

    Culturally Diverse Workforces Require Bespoke Mental Health Support

    Dispelling the False Narrative About Working Two Remote Jobs

    Dispelling the False Narrative About Working Two Remote Jobs

    4 Challenges in Navigating Remote Work Layoffs

    4 Challenges in Navigating Remote Work Layoffs

    Level Up To Reduce Stress — How to Convince Your Boss Video Games Belong At Work

    Level Up To Reduce Stress — How to Convince Your Boss Video Games Belong At Work

    Programming Strategies For A Happy Workplace

    Programming Strategies For A Happy Workplace

  • Coworking
    Empower Collaboration: Effectively Decentralize Your Coworking Center In 6 Simple Steps

    Empower Collaboration: Effectively Decentralize Your Coworking Center In 6 Simple Steps

    3 Tech Tools Coming To Coworking Centers In The Future Of Work

    3 Tech Tools Coming To Coworking Centers In The Future Of Work

    Top 3 Global Coworking Hotspots

    Top 3 Global Coworking Hotspots

    Will The Cascade Of Bank Collapses Break The Coworking Industry?

    Will The Cascade Of Bank Collapses Break The Coworking Industry?

    5 Top Software Picks To Revolutionize Your Coworking Space Management In 2023

    5 Top Software Picks To Revolutionize Your Coworking Space Management In 2023

    Can WeWork Survive?

    Can WeWork Survive?

    Ambient Scenting Makes Sense For Coworking Management

    Ambient Scenting Makes Sense For Coworking Management

    Coworking Explained: What Is It And Why Should You Start?

    Coworking Explained: What Is It And Why Should You Start?

    The Most Important Coworking Perk Of 2023: Brain Breaks

    The Most Important Coworking Perk Of 2023: Brain Breaks

  • Marketing
    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

    Want Your Coworking Newsletter to Actually Convert

    Want Your Coworking Newsletter to Actually Convert? Start by Keeping It Simple, Fun, and Consistent

    5 Pros Share How To Use Instagram To Grow Your Coworking Business

    5 Pros Share How To Use Instagram To Grow Your Coworking Business

    Want To Wow Coworking Members

    Want To “Wow” Coworking Members? It All Starts With (The Right) Insights

    6 Free, High-Quality Photo Sites To Level Up Your Marketing

    6 Free, High-Quality Photo Sites To Level Up Your Marketing

    The Creator Economy Is Dramatically Changing Marketing Practices, Here’s Why

    The Creator Economy Is Dramatically Changing Marketing Practices, Here’s Why

  • CRE
    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

    The Office Space Sector Is Projected To See A Strong Fourth Quarter In 2022

    The Office Space Sector Is Projected To See A Strong Fourth Quarter In 2022

    Meet Flex Space More Chaotic Cousin Gray Spaces

    Meet Flex Space’s More Chaotic Cousin: Gray Spaces

    The Future Of Our Offices And Our Planet Hinges On The Real Estate Industry Priorities

    The Future Of Our Offices — And Our Planet — Hinges On The Real Estate Industry’s Priorities

    JLL New Future Of Work Survey The Next Few Years Are Crucial For Commercial Real Estate (2)

    JLL’s New Future Of Work Survey: The Next Few Years Are Crucial For Commercial Real Estate

    What Is The Impact Of Hybrid Working On Space Optimization

    What Is The Impact Of Hybrid Working On Space Optimization?

  • Podcast
  • 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
  • News
  • Business
    The Million-Dollar Mistake Businesses In California Cannot Afford To Make: Compliance Deadline Approaching!

    The Million Dollar-Mistake Businesses In California Cannot Afford To Make: Compliance Deadline Approaching!

    How Africa’s Economy will Harness Digital Tech in the Future of Work

    How Africa’s Economy will Harness Digital Tech in the Future of Work

    Flexible Work and Investment in ESG are Driving Profitability for this Global Brand

    Flexible Work and Investment in ESG are Driving Profitability for this Global Brand

    Disney’s Imagination Has Failed

    Disney’s Imagination Has Failed

    Can COVID Booster Shots Save Your Business?

    Can COVID Booster Shots Save Your Business? 

    Three Culture-Building Steps To Create A World-Class Company

    Three Culture-Building Steps To Create A World-Class Company

    How To Manage Partnership Risks In The Future Of Work

    How To Manage Partnership Risks In The Future Of Work

    What It Takes To Be A Hybrid LeaderWhat It Takes To Be A Hybrid Leader

    Dr. Gleb Tsipursky CEO Of Disaster Avoidance Experts | What It Takes To Be A Hybrid Leader

    HR Leaders Share How New Salary Transparency Laws Have Changed Everything

    HR Leaders Share How New Salary Transparency Laws Have Changed Everything

    Trending Tags

    • Leadership
  • Work-life
    Build The Best Work Playlist: 8 Songs To Avoid And 10 To Blast

    Build The Best Work Playlist: 8 Songs To Avoid And 10 To Blast

    Escape The Lingering Cold In These 7 Countries Perfect For Remote Work

    Escape The Lingering Cold In These 7 Countries Perfect For Remote Work

    Say Goodbye Comfy Pants – 9 in 10 Companies Planning RTO This Year

    Say Goodbye Comfy Pants – 9 in 10 Companies Planning RTO This Year

    Remote Work Is Just E-Commerce Déjà Vu All Over Again

    Remote Work Is Just E-Commerce Déjà Vu All Over Again

    Four Days Is Enough

    Four Days Is Enough

    The CDC’s Vision For The Future Of Worker Health

    The CDC’s Vision For The Future Of Worker Health

    Will Influencers Be The New Recruiters In The Future Of Work?

    Will Influencers Be The New Recruiters In The Future Of Work?

    Office Party Etiquette Matters All Year

    Office Party Etiquette Matters All Year

    Fun Promises Won’t Get Your Employees Back To The Office

    Fun Promises Won’t Get Your Employees Back To The Office

  • Tech
    Paving the Way for the Future of the Workplace With the Metaverse

    Paving the Way for the Future of the Workplace With the Metaverse

    What You Need To Know About Web3 And Finding Great Developers

    What You Need To Know About Web3 And Finding Great Developers

    The Price Of Remote Work? Your Privacy

    The Price Of Remote Work? Your Privacy

    Should You Put Your Job On AI-Pilot Mode?

    Should You Put Your Job On AI-Pilot Mode?

    3 Steps To Build A Three-Dimensional Hybrid Workplace

    3 Steps To Build A Three-Dimensional Hybrid Workplace

    PETER MISCOVICH

    Peter Miscovich JLL Global Future Of Work Leader | The Hybrid Workplace Evolution: Unlocking The Future Of Work

    AI Is Transforming The Future Of Industrial Work

    AI Is Transforming The Future Of Industrial Work

    Reimagining Offices for Hybrid Work

    Reimagining Offices for Hybrid Work: Frameable.com CEO on the Future of Virtual Offices

    How AI Can Help The Humans Within Human Resources

    HR Professionals Are Burned Out. Can A.I. Help?

  • Design
    Living Buildings Are On The Way — The Future Office Will Breathe, Digest And Grow

    Living Buildings Are On The Way — The Future Office Will Breathe, Digest And Grow

    AI And the Next Generation of Workplace Architecture

    AI And the Next Generation of Workplace Architecture

    From Vacant to Vibrant: Activating Office Space at The Ground Plane

    From Vacant to Vibrant: Activating Office Space at The Ground Plane

    Ryan Anderson, Vice President of Global Research and Insights at Miller Knoll, explains the importance of getting the data to build a full picture of employee and company needs before designing the workspace — and how to do it.

    Unlocking Inclusive Design With Data: 6 Steps To Power Your Workplace

    The Powerful Impact Of Mood-boosting Office Designs

    The Powerful Impact Of Mood-boosting Office Designs

    What Can Workplace Design Practitioners Learn From Human Psychology?

    What Can Workplace Design Practitioners Learn From Human Psychology?

    Navigating The Complexity Of The Hybrid Workplace Design Process

    Navigating The Complexity Of The Hybrid Workplace Design Process

    The Gardens, 780 3rd Avenue, New York, NY 10017

    Coworking Spotlight: The Clearing in NYC Focuses on Hospitality

    The Secret Formula To Determine How (And How Often) Your Employees Should Work In The Office

    The Secret Formula To Determine How (And How Often) Your Employees Should Work In The Office

  • Workforce
    4 Ways To Financially Support Your Employees (Other Than Raises)

    4 Ways To Financially Support Your Employees (Other Than Raises)

    New Study Shows Managers Are Changing Their Minds About The Hybrid Work Model

    New Study Shows Managers Are Changing Their Minds About The Hybrid Work Model

    Data-based Strategies to Manage Talent, Workplace Experience

    Data-based Strategies To Manage Talent, Workplace Experience

    Meditation Apps: Workplace Fad Or The Key To A Happier Workforce?

    Meditation Apps: Workplace Fad Or The Key To A Happier Workforce?

    Culturally Diverse Workforces Require Bespoke Mental Health Support

    Culturally Diverse Workforces Require Bespoke Mental Health Support

    Dispelling the False Narrative About Working Two Remote Jobs

    Dispelling the False Narrative About Working Two Remote Jobs

    4 Challenges in Navigating Remote Work Layoffs

    4 Challenges in Navigating Remote Work Layoffs

    Level Up To Reduce Stress — How to Convince Your Boss Video Games Belong At Work

    Level Up To Reduce Stress — How to Convince Your Boss Video Games Belong At Work

    Programming Strategies For A Happy Workplace

    Programming Strategies For A Happy Workplace

  • Coworking
    Empower Collaboration: Effectively Decentralize Your Coworking Center In 6 Simple Steps

    Empower Collaboration: Effectively Decentralize Your Coworking Center In 6 Simple Steps

    3 Tech Tools Coming To Coworking Centers In The Future Of Work

    3 Tech Tools Coming To Coworking Centers In The Future Of Work

    Top 3 Global Coworking Hotspots

    Top 3 Global Coworking Hotspots

    Will The Cascade Of Bank Collapses Break The Coworking Industry?

    Will The Cascade Of Bank Collapses Break The Coworking Industry?

    5 Top Software Picks To Revolutionize Your Coworking Space Management In 2023

    5 Top Software Picks To Revolutionize Your Coworking Space Management In 2023

    Can WeWork Survive?

    Can WeWork Survive?

    Ambient Scenting Makes Sense For Coworking Management

    Ambient Scenting Makes Sense For Coworking Management

    Coworking Explained: What Is It And Why Should You Start?

    Coworking Explained: What Is It And Why Should You Start?

    The Most Important Coworking Perk Of 2023: Brain Breaks

    The Most Important Coworking Perk Of 2023: Brain Breaks

  • Marketing
    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

    Want Your Coworking Newsletter to Actually Convert

    Want Your Coworking Newsletter to Actually Convert? Start by Keeping It Simple, Fun, and Consistent

    5 Pros Share How To Use Instagram To Grow Your Coworking Business

    5 Pros Share How To Use Instagram To Grow Your Coworking Business

    Want To Wow Coworking Members

    Want To “Wow” Coworking Members? It All Starts With (The Right) Insights

    6 Free, High-Quality Photo Sites To Level Up Your Marketing

    6 Free, High-Quality Photo Sites To Level Up Your Marketing

    The Creator Economy Is Dramatically Changing Marketing Practices, Here’s Why

    The Creator Economy Is Dramatically Changing Marketing Practices, Here’s Why

  • CRE
    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

    The Office Space Sector Is Projected To See A Strong Fourth Quarter In 2022

    The Office Space Sector Is Projected To See A Strong Fourth Quarter In 2022

    Meet Flex Space More Chaotic Cousin Gray Spaces

    Meet Flex Space’s More Chaotic Cousin: Gray Spaces

    The Future Of Our Offices And Our Planet Hinges On The Real Estate Industry Priorities

    The Future Of Our Offices — And Our Planet — Hinges On The Real Estate Industry’s Priorities

    JLL New Future Of Work Survey The Next Few Years Are Crucial For Commercial Real Estate (2)

    JLL’s New Future Of Work Survey: The Next Few Years Are Crucial For Commercial Real Estate

    What Is The Impact Of Hybrid Working On Space Optimization

    What Is The Impact Of Hybrid Working On Space Optimization?

  • Podcast
  • Subscribe
No Result
View All Result
Allwork.Space
No Result
View All Result
  • News
  • Business
  • Work-life
  • Tech
  • Design
  • Workforce
  • Coworking
  • Marketing
  • CRE
  • Podcast
  • Subscribe
Home Coworking

Never Mind Inflation, Stagnation is Coworking’s Biggest Threat

What’s the future of flexible space? Zoe Ellis-Moore from Spaces to Places, FlexSA’s Jane Sartin, Niki Fuchs of Office Space in Town, BE.Spoke’s Jon Weinbrenn, and Spacemade’s Jonny Rosenblatt share their thoughts.

byJo Meunier
September 29, 2022
in Coworking
Reading Time: 11 mins read
A A
Never Mind Inflation Stagnation is Coworking Biggest Threat
Share on FacebookShare on TwitterShare to Network
OfficerRnD_ Flex Startup Program_Illustration_Leaderboard_AllWork_728x90
  • Flexible workspaces must avoid stagnation by adapting to current challenges in order to remain relevant, match evolving business needs, and stay ahead of the competition. 
  • Demand for flex space is soaring as businesses emerge from the pandemic in search of hybrid solutions, but many still don’t know exactly what their workplace strategy will be. 
  • How can workspace operators protect themselves from the energy crisis? Which business models are most favorable? And what’s the future of flexible space? Five flex space experts share their views.

Covid-19, the energy crisis, rising inflation and a looming recession; it seems we’re moving from one crisis to another. While flexible space businesses historically perform well during periods of economic uncertainty, there’s an entirely different threat facing workspace owners: stagnation. 

The pandemic hit the brakes on expansion plans and investment opportunities for many flex space operators, and since then, some have struggled to make up for lost time. However, at a time when demand for flexibility is surging, “business as usual” is a dangerous place to be. 

“Those who haven’t done anything in the last three years to stay relevant will struggle,” said Zoe Ellis-Moore, CEO and Founder at Spaces to Places. “Those who are pivoting and adjusting are healthy and moving forwards.” 

Research from the Instant Group shows that demand for flexible workspace in the U.K. and the U.S. is up 22% and 58% respectively, when compared with pre-pandemic levels. 

Advertise on Allwork.Space 2023

Much of this growth is coming from businesses that are emerging from the pandemic and looking for flexible or hybrid solutions. They are exploring a more flexible and low-commitment style of workspace that won’t tie up their capital for years to come. 

“It’s a bumpy ride coming out of Covid and business leaders are still not definite on their strategies, which is impacting office decisions. All they do know is that they don’t want to commit to a traditional lease,” said Ellis-Moore. “They’re trialling flex and working out the best model for them.” 

Jonny Rosenblatt, co-founder at Spacemade, is also seeing this trend first-hand. 

“For our members, the requirement to commit shorter term to space or to simply access space on demand, means that we’re able to help businesses mitigate long term risk and overloading their balance sheets with onerous leases,” he said.  

Workspace is Competing with Working from Home 

For Jane Sartin, Executive Director of FlexSA, there is certainly demand for flexible space — but businesses are taking their time and seeking a higher quality of space. 

“If people are going to return to offices, there needs to be a strong offering that competes with the comforts of working from home.” 

She noted that design-led workspaces with high-quality facilities are proving popular, as are those that have adapted to offer a greater degree of flexibility to suit hybrid workers, such as hourly access and day passes. 

Ultimately, operators must be clear on what they offer and market these strengths accordingly. 

This could be a center’s value for money, design standards, or its business support or networking opportunities.  

“Customers are all looking for something slightly different, so will seek out what best meets their needs,” according to Sartin.  

Energy Crisis and Soaring Costs 

With the current energy crisis and rising cost of living, many firms are negotiating and attempting to lower their monthly rate. But there is danger in discounting. 

“A lot of operators get burned by discounting too much. It’s a tough one — but flex operators need to stay firm with costs,” said Ellis-Moore. “Hold at the market rate and don’t be tempted to discount, or it will cause problems further down the line.” 

Flexible space operator, Office Space in Town (OSiT) is already ahead of the situation. 

“We have our energy secured until October 2023, and we are already locking clients into new license agreements to cover us beyond 2023 with inflationary increases built into them to secure our income,” said CEO, Niki Fuchs. 

As Fuchs noted, it’s actually cheaper for staff to be in the office than heating their homes during the day. This has the added benefit of encouraging staff back to their offices. 

However, she warned that energy costs are a real threat, and operators need to act carefully. 

“If you cannot control your costs and your income is not robust, committed, or secure, you are at risk. There will be more pressure on the landlords of flex space operators who lease to help them — which they may or may not be able to do after giving such assistance during the pandemic.” 

For Jon Weinbrenn, Director of BE.Spoke, flexible space provides protection from turbulence in the form of cost certainty and agility. 

“Our customers are craving shelter from the storm. They understand that we have a unique ability to provide workspaces where their teams can flourish – where design, tech, hospitality, health and safety, wellbeing and sustainability are blended into our offering.” 

Flexible Space Business Models 

What’s the best future-proof business model for flex space operators? This is an important decision that defines a workspace’s ability to scale.  

“Operators that are growing have their business model nailed down,” said Ellis-Moore. 

For Fuchs, the message is clear: “Owning your own building and running it as a flex space is the most robust and the most future-proof of all models,” she said, “followed by management contracts, then followed by leases.” 

According to Weinbrenn, there has been “exponential growth” in the management agreement/partnership model over the past 36 months, which can be partly attributed to the challenging economic landscape over this period. 

“This time though, I think we are experiencing a structural change and a broader acceptance of these structures from institutional landlords and even some funds. I think in years to come, we will look back at this time as a pivotal moment in the acceptance of landlords partnering with operators in the same way the hotel operating model emerged decades ago.” 

That said, he doesn’t believe the owner/operator (freehold) or lease models are dying out. 

“Absolutely not! Running a portfolio across multiple models can be a great strategy to mitigate risk, and at the same time there’s a strong argument now for foreign investors to take advantage of the weak pound and invest in prime real estate in the UK.” 

For Spacemade, working in joint venture means they can tackle any crisis “in partnership rather than in conflict.” 

Rosenblatt attributes much of Spacemade’s success and growth — including its recently completed fundraiser to open 50 workspaces within the next three years — to its operational partner model. 

“Rather than slapping a cookie cutter brand on a building, we partner with landlords to understand the needs of their individual space and how it might benefit wider asset or the surrounding area. The brand, positioning, design — everything — depends on the specific requirements in that instance. We truly believe that the operational partnership model is the future of flexible workspace.” 

It appeals to landlords because they get a custom solution that suits their space, and their own business model. For operators, it promotes shared risk and shared reward. 

On the flip side, a traditional lease agreement “becomes a transaction where both parties always sit on the other side of the table from each other.” 

Like every business agreement, it’s a decision that must fit all parties. Regardless of the type of model, the good news is that landlords want to provide a flexible offering, which will only stimulate further education and growth within the flex industry. 

“We get daily calls from landlords who want us to look at a particular asset or understand how we can apply our model across their portfolio,” added Rosenblatt. 

The Rise of “Brandlords?” 

As noted by Ellis-Moore, flexible space “used to be the poor relation” in commercial real estate. But it’s now a solid part of the traditional office strategy, and landlords and investor groups are pushing ahead with flexible space integrations. 

“Some are taking the traditional approach of acquiring or investing in existing coworking brands — such as CBRE who have increased their stake in Industrious to over 40%. Others are taking a more novel and involved approach, becoming what we can call ‘brandlords.’” 

They should not be under-estimated.  

Landlords-turned-coworking-brands may not have the experience and dedication of traditional coworking brands. But, they are usually well-funded and have the distinct advantage of owning their own space; as noted by Fuchs, that’s the most robust and future-proof of all flexible space models. 

In the same way that occupiers are waiting and watching, trying to figure out the best way to develop their workplace strategies, landlords and flexible space companies are trialling how best to serve them — all while protecting their own assets in a challenging economy. 

What’s the Future of Flexible Space?  

In a word: consolidation. 

Two flexible space brands, The Office Group (TOG) and FORA have recently merged, and other operators have sale or flotation in mind as part of their growth plans, according to Fuchs. This will give rise for more consolidation in the next two to three years. 

“There is a lot of money in the world searching for a secure home. Flex space is a CRE solution that is growing at the expense of the traditional lease model, so I think that it will continue to grow.” 

Weinbrenn noted that flexible space has the ability to weather the storm ahead. 

“Whilst we are by no means immune to external market forces, the core elements of our offering address face on, exactly the kind of uncertainty and turmoil the country (and the world) is experiencing.” 

In terms of consolidation, he added that all types of mergers, new entrants, and emerging forms of flex space “will all have a part to play”. 

“Eventually we won’t be referring to the traditional market and the flex market – they will start to merge into one.” 

For Sartin, the industry will be influenced by those who use it — and that means there will always be demand for independent and boutique operators. 

“As the sector grows, customers have greater choice. Some will be attracted to the big, known brands. However, smaller operators are often more agile in meeting the needs of individual customers, and more embedded in their local community.” 

Sartin believes there will continue to be new entrants to the market, creating competition, which will “make for an exciting future for the sector as it continues to diversify.” 

Rosenblatt noted that while the current crisis is a huge concern for many people, it will accelerate the move towards flexible workspace. 

“Unquestionably, I see significant growth opportunities. The flex model is proving critical to the success of many buildings, either as a whole, or as an amenity play to enhance the overall offering and drive traditional rents.” 

He believes there will always be opportunities for flex to find new markets and evolve as a sub-sector of the real estate industry. 

“As we focus on growth in city centers now, as well as suburb markets, we can see that the appetite for flexible workspace from both a tenant and landlord perspective is only increasing month on month.” 

For Ellis-Moore, even though there are significant challenges to face in the coming months, flexible space is a “resilient sector with so much to offer. It’s a tough market, but demand is there. It’s maturing now and continuing to grow; the challenge now is ensuring supply can meet this demand.” 

flexjobs promo
Tags: CoworkingCRE
Jo Meunier

Jo Meunier

Jo is Allwork.Space's Senior Editor for the UK and Europe. Jo has worked within business centre and coworking circles since 2009, researching and contributing written features for numerous industry publications. She reports on the latest market news and delves into local issues with one main objective: to champion the flexible workspace industry and its members.

No Result
View All Result

How will work change in 2023?

Subscribe today to know what's changing tomorrow.

* indicates required
100% FREE. You can unsubscribe or manage your preferences at any time.
Fiverr Ad
Grammarly Advertisement
UltraSoft June
Podcast Promo FOWP 300x250

Latest News

SF Mayor Wants To Make Office-To-Housing Conversion Easier

SF Mayor Wants To Make Office-To-Housing Conversion Easier

March 29, 2023
Japan makes plan for “new capitalism”

Japan Makes Plan For “New Capitalism”

March 29, 2023
Germany will tackle labor shortage with new immigration plan

Germany Will Tackle Labor Shortage With New Immigration Plan

March 29, 2023
Meta Will Shrink Bonus Plans

Meta Will Shrink Bonus Plans

March 28, 2023
IWG Might Be The Latest Firm To Ditch The UK For The US

IWG Might Be The Latest Firm To Ditch The UK For The US

March 28, 2023
Starbucks And A Labor Union Are In Disagreement

Starbucks And A Labor Union Are In Disagreement

March 28, 2023
Want To Keep Your Best People? Consider These Top-Rated Perks And Benefits

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
  • Podcasts
  • Events
  • Resources
  • Marketplace
  • Business Directory
  • Subscribe
  • Advertise
  • Find Space
  • About Us
  • Submit to Allwork.Space

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