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Jonathan Price – CRE & Flex Expert
Jeremy Fennema – Tech Innovation Alchemist
What’s going on:
Landsec – one of the UK’s largest commercial property developers – has announced plans to triple the size of its flexible office brand Myo in London this year.
More employers are choosing to embrace a mixture of home and office hours. Landsec’s move is reportedly in response to this growing demand for flexible workspaces, according to Facilities Management Journal. The expansion will reportedly see three new Myo locations added, totaling 139,000 square feet, which will cater to companies looking for 10 desks or more on one to five-year terms.
Why it matters:
There is a changing landscape in the workplace as businesses adapt to the evolving needs of their employees. The shift towards flexible workspaces reflects the increasing preference for shorter leases and more adaptable office arrangements for many businesses.
By expanding its Myo brand, Landsec aims to capitalize on this trend and attract tenants who are seeking alternatives to traditional/lengthy leases.
How it’ll impact the future:
As more companies recognize the benefits of offering their employees a mix of remote and in-office work options, the demand for flexible workspaces like Myo is expected to grow. This shift could lead to further expansion and innovation within the commercial property industry because more developers and landlords will strive to meet the changing needs of businesses and their employees.
