Workers Want A Third Workspace

Industrious is making moves to meet the growing demand for flexible office space as companies contemplate returning to the office in some form or fashion.

This month, the company announced it would take over a former MakeOffices space on Clarendon Boulevard in Arlington that spans 40,000 square feet. The building features a fitness center, as well as lounge and rooftop deck.

Over the past year, notable competitors within the coworking industry have cut down their footprint or closed locations altogether, which has led to skyrocketing vacancies. In Downtown D.C. alone, the area saw a 14% contraction of coworking space last year.

However, operators are optimistic about the return to the office as vaccination rates ramp up and CDC recommendations loosen. Industrious in particular has been expanding its presence in D.C. this year, opening its ninth location in North Bethesda. 

A global Accenture survey highlights that the flex space industry could have a world of opportunity ahead of it. The analysis found that 76% of 9,650 people said they want a “third place” to work that is outside of their homes and the traditional office.

“This environment has underscored the need for shorter-term and flexible work options, and people have found they can find the space, whether it’s a curated solution with a landlord or a third party,” said Craig Leibowitz, leader of Avison Young’s innovation and insight advisory team.