Instant Offices’ US report highlights how flexible workspace is facilitating new real estate strategies. Business relocation and hybrid working are driving up demand for this asset class.
Instant cites a 58% increase in demand for flex across the US. Since the pandemic new business hubs are emerging in the US outside of the standard hotspot cities. Miami, Tampa and Houston are among these emerging business hubs, which are even outpacing traditional commercial hotspots like New York and San Francisco.
Flexible workspace is an enabler for companies to be creative with their real estate strategies. Instant predicts that flex supply will diversify to stay aligned with changing occupier requirements beyond just the space component, but wellness sustainability and experience as well.