Tag: CRE

“Reimagining, Reinventing and Redefining Real Estate 2030” claims that the Grade A office market will grow to over 1 billion square feet by 2026.

Collecting data is only half of the job. Knowing how to properly apply these findings can transfigure the flexible office industry in a way that has never been seen before.

“There is no reason why a company needs to take the same amount of space if people are coming in fewer days per week,” said Rob Gilman.

By providing flexibility in both city centers and secondary markets, WorkChew hopes to address the discrepancy of professional settings close to where workers live.

The new Spaces location situated on North La Brea Avenue will feature 160 private offices, 12 meeting rooms, as well as 10 phone booths. 

According to John Williams, chief marketing officer of The Instant Group, suburban flexible office markets are likely “above pre-pandemic levels.”

“More and more, workers want to live in a 15-minute city, where everything they need, including where they work, is within 15 minutes of their home,” said Mark Dixon.

Other major accountants in the UK have also closed their London offices, citing that they were no longer needed due to hybrid and remote working.

The firm now expects half of its workers to be in-person full-time, while 40% will work in a hybrid arrangement, and the remaining 10% will work remotely.

Historically, cities like New York City, and San Francisco have served as business hubs, but this new migration has allowed regions like Houston and Miami to shine.