Flexible office space is taking over. Some are quickly adapting to a future where flexible office space is a significant portion of the office market, but others are still concerned about how co-working spaces—a major part of the flexible market—will affect company culture and productivity. The reality is that, there are enough flexible office options today to supply the needs of every kind of company, whether it wants flexibility or networking.

Everyone from corporations to start-ups and freelancers are finding flexible offices spaces to fit their needs, and they are seeing the benefits. The options for spaces range from co-working spaces from an operator or direct leasing of a smaller, curated space for a corporation or project team. “Many landlords are taking a progressive perspective on office leasing,” Mark Gilbreath, CEO and founder of LiquidSpace, tellsGlobeSt.com. “From an asset management standpoint, there are going to be three strategies applied to office buildings. The first is long-term leasing, which will continue for sometime. The second strategy is the landlord renting space to a flexible operator to provide a managed community experience. The third is to do direct leasing to a tenant on flexible terms, which will be ideal for growing or larger firms that need flexible space but not shared space.”

Generally, freelancers and start-ups prefer co-working spaces. They offer open concepts and extreme flexibility for growing companies, and the shared space provides good networking opportunities. Generally, the company culture of these smaller companies is adaptable to co-working and other shared spaces. “The community or the experience aspect of a co-working space can be a combination of the design aesthetic and the hospitality and community management that takes place,” says Gilbreath. “Broadly speaking, we see a very high correlation between small companies between start-up companies and freelancers to be in high-value communities, like co-working spaces and shared offices.”

Corporations on the other hand have more developed cultures. The flexible office needs for these larger companies are different, and these companies are often looking for flexible lease terms for mobile or project-based employees. As landlords are curating flexible spaces, there are flexible opportunities to fit the cultures of these companies. “With our larger corporate client activity, there is a much stronger correlation to the business benefits of flexibility,” says Gilbreath. “In some cases, a stated interest to be in a co-working community, but far less so than small companies. More typically, when they do chose co-working, they are doing so for the fundamental agility or flexibility that it gives them. They want increased flexibility and leasing terms, because maybe they don't want to be long-term space or they have a project team that only needs space for six or eight or 12 months.”

Flexible office space is taking over. Some are quickly adapting to a future where flexible office space is a significant portion of the office market, but others are still concerned about how co-working spaces—a major part of the flexible market—will affect company culture and productivity. The reality is that, there are enough flexible office options today to supply the needs of every kind of company, whether it wants flexibility or networking.

Everyone from corporations to start-ups and freelancers are finding flexible offices spaces to fit their needs, and they are seeing the benefits. The options for spaces range from co-working spaces from an operator or direct leasing of a smaller, curated space for a corporation or project team. “Many landlords are taking a progressive perspective on office leasing,” Mark Gilbreath, CEO and founder of LiquidSpace, tellsGlobeSt.com. “From an asset management standpoint, there are going to be three strategies applied to office buildings. The first is long-term leasing, which will continue for sometime. The second strategy is the landlord renting space to a flexible operator to provide a managed community experience. The third is to do direct leasing to a tenant on flexible terms, which will be ideal for growing or larger firms that need flexible space but not shared space.”

Generally, freelancers and start-ups prefer co-working spaces. They offer open concepts and extreme flexibility for growing companies, and the shared space provides good networking opportunities. Generally, the company culture of these smaller companies is adaptable to co-working and other shared spaces. “The community or the experience aspect of a co-working space can be a combination of the design aesthetic and the hospitality and community management that takes place,” says Gilbreath. “Broadly speaking, we see a very high correlation between small companies between start-up companies and freelancers to be in high-value communities, like co-working spaces and shared offices.”

Corporations on the other hand have more developed cultures. The flexible office needs for these larger companies are different, and these companies are often looking for flexible lease terms for mobile or project-based employees. As landlords are curating flexible spaces, there are flexible opportunities to fit the cultures of these companies. “With our larger corporate client activity, there is a much stronger correlation to the business benefits of flexibility,” says Gilbreath. “In some cases, a stated interest to be in a co-working community, but far less so than small companies. More typically, when they do chose co-working, they are doing so for the fundamental agility or flexibility that it gives them. They want increased flexibility and leasing terms, because maybe they don't want to be long-term space or they have a project team that only needs space for six or eight or 12 months.”

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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