Let's Talk About Flex: The State of Flexible Office Space
A new CBRE reportforecasts that the U.S. market for flexible office space will continue to see “significant growth” over the next decade. Driven by shifting preferences toward more flexible office accommodations and shorter-term leases, the sector is expected to occupy approximately 13 percent of U.S. office space by 2030—a 10.8 percent rise from its current market share.
This is a remarkable climb for a category that occupied only 0.3 percent of office space a decade ago, driven by the growing popularity of coworking. While experts report that an economic slowdown would not negate the sector’s steady growth, a recession might encourage investors and flex operators to form partnerships where profits and losses are shared.