Co-warehousing is a practical solution that allows companies to store inventory without having to purchase or lease an entire facility.
Nationwide, offices in the 10 largest U.S. cities with buildings tracked by Kastle Systems are hovering around 40% occupancy.
In the last year, Deloitte has retracted nearly 250,000 square feet of office space from its investments in London.
The vast amount of non-owner occupied space in Manhattan indicates the New York office market may never fully return to pre-pandemic levels.
With 30% of global office inventory projected to become flexible by 2030, landlords are now seeing the value of flex space for their portfolios.
Over 76% of businesses in the UK have seen little to a substantial increase in operating costs as a result of implementing new safety measures in the workplace as a consequence of COVID-19.