The flex office market already looks like it will see a comeback. Indicators range from the resurrection of WeWork into a publicly held company through a SPAC to a deal with JLL to market and lease co-working spaces in 38 locations across seven U.S. cities.
A JLL survey of 2,000 office workers showed that two-thirds want to work from different locations, suggesting that after a pandemic, there may be multiple places as good as, or better sounding, than another day at home.
According to a CBRE analysis, "Occupiers are increasingly demanding flexible space options, shared meeting space, indoor air quality, connected building apps and touchless technology when considering new leases." Flex space needs will likely increase "as occupiers shift their strategies away from long-term capital-intensive commitments."
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