CBRE Group announced that it put another $100 million into flex-space company Industrious. The additional investment is an extension of the relationship between the two that started late in 2020.

"The investment reflects CBRE's strong belief in Industrious' ability to capture a growing share of the rapidly expanding market for flexible office space," CBRE wrote. "Fifty-nine percent of U.S. occupiers say flex-space will be a "significant part" (more than 10%) of their portfolio within two years, according to CBRE's 2022 occupier survey."

According to CBRE, the company had previously invested $230 million into Industrious, $200 million of which happened in early 2021, the largest influx the flex-space operator had seen to that date. At the time, Industrious wrote, "this partnership will extend the scope and scale of Industrious' offerings." The arrangement also involved CBRE's transfer of its own flex-space brand, Hana, with locations in the US and UK, to Industrious. CBRE also gained two board seats.