More than one-in-seven office landlords say their office buildings are at risk of closing in the next five years due to affordability concerns.
If your organization is looking for a hybrid workspace model that sparks a return to in-office work, hot desking may be the answer.
In 2023, companies will continue to embrace flexibility and hybrid work, which will fuel the following commercial real estate trends.
With coworking models bringing as much as 30-40% more net operating income than traditional leasing, landlords are taking advantage of this new opportunity.
According to Instant Offices, more than 31,000 flex office spaces were available globally in 2018, with the market growing at a 35% annual rate.
JustCo’s latest development demonstrates how evolving market dynamics are fueling a push toward increased flexibility in CRE consumption.
The new arrangement will see JLL acting as an extension of WeWork’s in-house sales team in Atlanta, Boston, Dallas, Denver, NYC, Phoenix, and San Francisco.
With 30% of global office inventory projected to become flexible by 2030, landlords are now seeing the value of flex space for their portfolios.
The pandemic has obliterated the open-style office, with workplaces that were initially designed to be spacious and airy reverting to divided spaces with cubicles and private offices.
By attracting and supporting top talents, flexible workspaces have the potential to strengthen organizations and drive growth.