Report: Flexible Office Space Becoming A Necessity For Businesses of All Sizes

According to a recently published reportFlexible Office Space Report from Cushman & Wakefield, along with Unwork, rapidly evolving technology and a changing workforce, flexible office space is becoming an essential component of commercial real estate strategies for both large and small companies. Companies looking for office space aren’t seeking a long-term lease these days. They want workplace options that they can — with little time or money invested — make fit the size of their company now, grow within, and that won’t burden them someday with unused space. In other words, flexible office space

While the old adage about “location, location, location” remains true, everything else about what an office building should provide has changed and is continuing to change. The world has reached a point where one of the hottest commodities of real estate is workplace as a service offerings. Consider these facts from a 2016 report from JLL:

  • It is predicted that one million corporate members will be using coworking spaces by 2018.
  • 61% of coworking space providers are planning to expand their operations.
  • A poll of corporate members reveals that 74 percent stated that the ability of employees to think, talk, and brainstorm together creates the most value for the company’s organization.

Accelerator and incubator spaces that are available for start-ups to use immediately are becoming popular attractions in the new office building concepts. Coworking spaces that encourage interaction from different employees, to encourage new ideas and to bolster movement. Modular workspaces that can be changed up or retrofitted to suit new occupants or new styles in a fast-paced and ever changing market. Beyond location and flexibility? The Cushman & Wakefield/ Unwork report says that the next most important provision of a new office building should be amenities. Free or heavily subsidized food, the ability to take classes on-site, great devices. Anything that makes that building and the benefits of working there stand tall against the competition.

Are you looking for flexible space in a great location? We can help! Contact us for more information.

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