How Tenant Rep Brokers Are Guiding Startups on Office Strategy

The end of the pandemic ushered in the hybrid work era. Companies that experimented with remote work discovered both benefits and drawbacks. The solution for many has been a blend of remote and in-office work, though every company defines hybrid work differently. Some require employees to be in the office on specific days, while others let them choose. To support these flexible schedules, many companies have incorporated flexible office arrangements into their lease portfolios. Flex office leases help accommodate overflow employees and give workers options for where and when they work in person. That same flexibility is now starting to influence traditional office leases—a shift that’s especially impactful for smaller companies and startups that previously lacked the option to sign long-term deals.

“The traditional lease is starting to go away,” said Marilynn Joyner, Founder and CEO of Canva, a commercial real estate brokerage and consultancy, “I have seen three and even one year terms, landlords are willing to make deals right now.” Joyner works with startups to help them make better decisions when it comes to their office footprints...   ...more

RSK: Not sure brokers in our area are doing this or if so, how many. But we are all advisors at sometime or another without receiving commision or payment.