Research

(re)Imagine Flex Spaces: A 360⁰ View

November 09, 2020

In the commercial real estate space, flex spaces have become synonymous with adaptability. As preferences evolved, a spectrum of flexible space options have taken shape to suit changing business needs. Operators have already started adapting to ‘the next normal’ world with the inclusion of remote working solutions to the spectrum.

While there are several short-term disruptions and challenges, the future of office real estate is a spectrum of flexible spaces. This report (re)Imagine Flex Spaces: A 360⁰ View states that driven by increased demand from large enterprises, it is expected that the size of the flex space market would cross 50-mn sq ft by 2023.

The highlights of the report:

  • From customised spaces to work-from-home solutions, operators are prepared to serve the needs of all types of occupiers.
  • An employee-friendly work environment has become the most important corporate real estate (CRE) objective for most occupiers and cost management follows closely.
  • The entry of more than 300 flex space operators into the country helped commoditize the market.
  • Prominent flex space operators focusing on innovation and better space utilization.
  • Large enterprises will continue to drive demand to accommodate portfolio expansion and contraction along with crisis support to flex their space needs.

Fill out this form to download report

There was an error submitting the form. Please try again.

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of downloading materials you have requested.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.