Continuing Evolution

The flexible office industry has grown more sophisticated during the pandemic. Its appeal to occupiers remains rooted in short-term contractual commitments, cost efficiency and the ability to quickly shrink or expand space. Occupiers are now looking to flexible office space to help them implement hybrid work arrangements, plan for headcount volatility and vacancy, accommodate new space utilization patterns, offer employees more choice and enter new talent markets. Flex providers are refining their models to meet growing and changing occupier requirements, while landlords are creating their own flex offerings or forging partnerships with flex space providers. This is an unprecedented time for occupiers, building owners and flex providers to come together and identify what this era of flexibility will mean for their respective future real estate portfolio strategies.