The flex office industry is poised for growth, says CBRE in a new report.
The optimism comes as providers reduced their inventory during the pandemic and most large US companies responding to CBRE surveys have said they favor the short-term flexibility provided by flex space for a portion of their office portfolios as they adapt to new work styles, including hybrid work practices, as part of their return-to-the-office plans.
Some companies are seeking out larger flexible office suites and enterprise offerings—entire sections or floorplans dedicated to individual companies on flex terms. These companies are responding to the strong desire of employees to retain a significant level of flexibility in how and where they work in a post-pandemic world.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
