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Home Daily Digest Coworking

64% Of Landlords Plan To Incorporate Flexible Offices Into Their Buildings In The Near Future

In addition to expanding to meet demand, landlords also want to diversify, with half of respondents saying around 16% to 25% of their portfolios will be flexible by 2025.

Aayat AlibyAayat Ali
December 16, 2022
in Coworking
Reading Time: 2 mins read
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64% Of Landlords Plan To Incorporate Flexible Offices Into Their Buildings In The Near Future
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Landlords are hoping flex can beat the heat of an incoming recession. 

According to The Instant Group’s annual Future of Flex 2022 survey, 64% of landlords plan to incorporate flexible offices into their buildings in the coming years. 

Survey

Expanding isn’t necessarily a surprise as demand for flexible offices has grown in recent months driven by the adoption of hybrid work models. What is surprising are the 39% of respondents who wish to do so across city centers — an area that has infamously struggled to rebound from the pandemic.   

In addition to expanding to simply meet demand, landlords also want to diversify, with half of respondents saying around 16% to 25% of their portfolios will be flexible by 2025. 

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The way in which landlords incorporate flexible offerings varies — 10% say they want to team up with established providers under landlord brands, 18% are looking to sublease space to flexible office operators, while 36% plan to deliver these solutions themselves.   

“It’s clear that the momentum behind the flexible office sector continues to gain pace. Given this demand and the opportunity to enhance overall returns, landlords are increasingly considering the role that flexible workspace can have in their portfolio,” said Craig Hughes, CEO of Partnerships at The Instant Group.  

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Source: Insight
Tags: CoworkingCREHybrid Work
Aayat Ali

Aayat Ali

Aayat is an editor for the Daily Digest based in Lexington, Kentucky. She has worked with local coworking spaces since August of 2017 and enjoys taking her firsthand knowledge to write about the fascinating, constantly evolving world of flexible workspaces.

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