An article this month in Globe Street cited recent research from Colliers that suggests “2021 will be the year that non-CBD flexible workspace supply increases dramatically”.
This sharp increase in demand is expected to come from occupiers who are seeking to offer a range of geographic locations for their distributed workforce. Increased supply is predicted to come from both existing operators as well as new entrants to the market which could include repositioned retail and hotel assets.
It’s also noted that “tech will be king” in 2021 as occupiers need to execute on what they call “occupancy strategies”. As a consequence, Colliers expect partnerships between landlords and providers to increase as the year goes on.