Flexible office space is one of the most popular trends in the commercial real estate industry. A recent study by JLL found that flexible office space currently accounts for 30 percent of the U.S. office market, which is expected to grow to 50 percent by 2030.
What is a flexible workspace?
A flexible workspace is a work environment that is designed to be adaptable to the changing needs of businesses and workers. Flexible workspaces can be found in various settings, including coworking spaces, shared offices, and even fun venues like aquariums, restaurants, and escape rooms offsite.
The key features of a flexible workspace are that it is highly configurable and can be easily modified to suit the changing needs of its users. Additionally, flexible workspaces offer a more collaborative and creative environment than traditional offices, leading to increased productivity and creativity.
Flexible office space from an employer perspective
There are several reasons why this trend is gaining popularity. First, flexible office space gives tenants the ability to downsize or expand their space as needed, which can save them money. Second, flexible office space can be located in various locations, making it easier for employers to find the right location for their employees. And finally, flexible office space often comes with various amenities that can make the workday more enjoyable, such as on-site childcare, fitness centers, and restaurants.
Flexible office spaces from an employee perspective
In a recent survey of office workers, over 80% of respondents said they would like to have the option to work from a flexible office space, such as a coworking space, at least some of the time. And nearly 60% said they would be willing to pay more for the ability to do so.
Flexible office spaces offer employees many benefits, including the ability to choose their work environment, the opportunity to meet new people, and the chance to take advantage of on-site amenities.
Flexible office as a solution for remote & hybrid teams
Flexible office spaces have recently become the solution for companies with remote & hybrid teams. They provide a place for employees to come together and collaborate on projects, while also giving them the flexibility to work from anywhere in the world.
Flexible office spaces are a type of workspace that can be easily adapted to the specific needs of a company or individual. For example, a flexible office space can be set up to accommodate a remote team by providing them with the necessary equipment and resources they need to work effectively. Additionally, flexible office spaces can be easily reconfigured to meet the changing needs of a company or individual, making them an ideal solution for companies with remote teams.
Conclusion
Flexible office space is becoming increasingly popular, offering several benefits for businesses and employees. For businesses, it can help to reduce costs and increase efficiency, while for employees it can offer a more flexible and comfortable working environment. In the future, more businesses will likely adopt flexible office space, as it can offer several advantages.