Unpredictable economic growth or contraction, shorter business cycles and rapid advances in technology require organizations to adapt to sudden changes in business conditions more quickly than ever before. Nowhere is this trend more apparent than in corporate real estate, where occupiers are transforming their approach to real estate decision-making, enabling them to rapidly increase or decrease their office footprint on demand.
While conventional long-term leases remain the norm, office occupiers are increasingly assembling portfolios by picking and choosing options from a broad range of formats including coworking, incubators, serviced offices and turnkey solutions.
For many organizations, coworking is a practical, cost-saving space solution that not only provides flexibility and agility, but also the ability to try out different types of spaces in new markets.
While cost remains at the forefront of the occupier agenda, a broad range of factors should be considered when evaluating the suitability of different office space solutions, such as location, fit-out quality and security, along with the impact on company image and organizational culture.
Learn more in a CBRE new report and find out if coworking can help lower your organization’s real estate costs using the CBRE Agile Lease Calculator.