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.
The prominence of shared spaces has changed the global workspace dynamic. Fortunately, flexible offices make it easy to embrace agility.
Previously, office spaces were largely occupied in both core and decentralized districts. With its continuous capital calls, the high demands have already created high prices for…
Now widely recognized as an established component of commercial real estate, coworking has become an integral option for flexible workspace for businesses both large and small.…