Coworking facilities are often associated with startup businesses, letting them establish themselves without the expense and obligation of a first lease arrangement.
Savills — which has its own coworking space listing operation — argues in a blog post that the approach to real estate is something that works effectively within even a mature corporation’s strategies. Coworking can allow a rapid and convenient expansion.
For many reasons, a more established company would entertain the use of flex space rather than traditional longer-term leases. One is flexible leasing terms and the minimization of risk. Shorter lease terms and scalable options allow balancing cost, benefits, and timing. Shorter terms and scalable options are tools to battle uncertainty.
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