The North American flex-office sector has evolved through the pandemic into a more sophisticated version of itself, gradually shifting to rely more on large companies as users of flex space than on startups and individuals, according to a new report from CBRE.
Flex space's versatility also has made it a frequent option for companies striving to accommodate new changes in how they use office space.
CBRE defines flex space to include multiple formats of office space leased for shorter-than-traditional terms. That includes coworking, which often entails communal desks and common areas used by a flex operator's occupants. But it also includes faster-growing models, such as private suites and enterprise offerings, which dedicate offices or entire floors for exclusive use by individual companies.
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