According to JLL, the US office market is comprised of 4 billion square feet of space and less than 1% represents the coworking industry. Last year, they predicted that by 2030, 30% of all office space will be consumed as flexible space. Growth in this sector has been proliferated thanks to independent operators as well as the “giants”. WeWork and Regus alone are responsible for 5 million and 17 million square feet of office space in the US, respectively.
We’re not quite at the tipping point, but we can expect to see new trends, partnerships and shifts driving change on both the flexible workspace and CRE sides. As both sectors continue to converge, there are sharp learning curves on both sides of the approach, along with great opportunities.
Are you maximizing your opportunity in this sector? Join us for an interactive webinar to find out. Flexible Workspace Meets Commercial Real Estate webinar event will address the challenges and opportunities for flexible workspace operators as coworking collides with commercial real estate.
Whether you’re an operator looking to scale your workspace business, or a property holder interested in diversifying your CRE portfolio, get the answers you’re looking for. CRE gurus Ryan Hoopes of Colliers International Workspace Advisory Board, Giovanni Palavicini of Fronteras Commercial Real Estate, and Frank Bistrian of work well win will join us to discuss their experience, recommendations, and best practices in CRE for flexible workspace.
Register today to gain expert insight on best practices when approaching commercial real estate from a flexible workspace perspective.
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