Despite 8.7% contraction of flexible office supply, CBRE’s flex focused report puts an optimistic lens on the recovery of the North America flexible office market. They reference growing demand pipeline from enterprise tenants, a rebound in sales and occupancy among flex providers, and shifting real estate strategies aligning to emerging space usage patterns.
This insightful report draws on occupier sentiments and trends for using flexible office space, outlining maturity models, emerging strategies, and specific use cases. In line with shifting market dynamics, office providers are also taking new approaches to the business model. From growing owner-operator models and partnership agreements to increasing on-demand and subscription-based offerings, the report highlights the growing trend for a larger network of flexible spaces.
While the outlook is bright, CBRE details challenges the industry will face including meeting enterprise privacy requirements and slow adoption of critical technology to support growth and premium user experiences.