More than three-quarters of flexible office operators across the globe are looking to expand in the next two years, Bisnow can reveal, with the sector confident of growth despite well-documented troubles in the overall office sector.About 80% of flex operators are looking to expand, according to a survey of 180 flex firms by digital platform The Instant Group. Europe is the area that will see the highest growth. Ninety-one percent of operators there are looking to expand by an average of five locations, according to the survey.
Instant is tracking 76,000 centres across 39,000 flexible workspace operators and an estimated 1.3B SF. It is tracking approximately 12.4 million workstations in all.
Occupancy rates have remained steady in the sector for the past couple of years as the office sector focused on figuring out the impact more entrenched hybrid work would have on office utilisation. At the same time, major names in the flex sector, principally WeWork, contracted. Average occupancy is 80%, which is below the breakeven point for most locations...
RSK: Another option is an office building with small suites and/or single offices. We have some such buildings and they are always full.
Share this article on you social outlets
Our Sponsors
- - Volume: 24 - WEEK: 40 Date: 10/1/2024 8:46:36 AM -