Cushman and Wakefield’s recent report delves into the flexible office sector from multiple angles – landlords, occupiers and operators. They focus on how this asset class has fared since the on-set of the pandemic through to current changing dynamics between stakeholders.
The obstacles created by the pandemic created an urgency for adjustment – from right-sizing inventory to re-inventing product strategies that align to a fast-evolving market. Operators have begun focusing on enterprise products and pay-as-you-go models while landlords are stepping fully into flex to mitigate risk. Despite hurdles, flexible office demand for flex has grown and the report suggests that flex is core to the long-term future of workplace ecosystems.