A new survey from JLL shows that more corporate real estate decision-makers are ready to embrace flexible office space.
According to the Future of Work Survey, 43% of companies expect to invest more into flexible office space through 2025 mainly due to the shift towards hybrid work models and leaders looking to shorten their lease commitments.
“Given the flexibility and amenities coworking locations provide, there is real opportunity to align with what corporations are needing in future space decisions,” said Peter Kolaczynski, senior manager at CommercialEdge.
“We’re tracking around 120 million square feet of flexible space and expect that number to rise significantly in the future.”
Similarly, CBRE’s Occupier Sentiment Survey revealed that 59% of respondents believe that flex space will take up a significant portion of their real estate portfolio over the next few years.
The trajectory seems clear: companies are embracing agility in a time of uncertainty, and the coworking sector offers the perfect opportunity to address several new norms of the modern workplace.
Not only has this led current players like IWG and WeWork to ramp up their services and expansion, real estate firms like Boston Properties and JLL are delving into the industry with their own flexible office brands.
