The latest flexible office benchmarking report from Workthere identifies trends across given areas of the market such as profitability, use of space, member profile, demands in flex, and the future of flex. Flexible office providers were the focus of this survey, and their responses demonstrate positive evolution of the sector. The increased demand for flexibility has evidently driven increased occupancy levels for both private and shared office space, from 68% to 81% and 55% to 69%, respectively. This growth in occupancy has therefore resulted in an increase in flex space provider profitability – from 82% to 89% – with an increase as well in profit margin by 11 points.
For more insightful statistics and trends on the flex office sector read the full report here.