FLEXIBLE SOLUTIONS
Flex office and the "why"
Trendlines vs. headlines
Enterprise occupier as % of WeWork memberships
43% 54%
4Q 2019 4Q 2020
Percent of major global market inventory
2-3% 15%-30%
pre-COVID post-COVID forecasts
Percent of an owner's asset without negative impact on valuation
up to 20% ?
pre-COVID post-COVID
Forecasts from various industry publications and largely dependent on how quickly capital markets can acknowledge changes underway
Flexible solutions & emerging products
The "why" for occupiers engaging in flex
Evolution of supply offerings...flex lives on the tail
Enterprises embracing a core + flex portfolio strategy
Many enterprise occupiers are re-defining their tenant experience with flex:
Flexible supply continues to evolve
Predictions for coworking & flexible solutions in 2021
- Workplace Optionality becomes a top recruitment and retention tool
- Enterprise Demand will outweigh viable flexible supply for the next 6-12 months
- Consolidation of coworking operators / spaces via M&A as well as closures
- Landlords embrace Management Agreements
- Mobility offerings & Technology Products will continue to gain prominence
- Owners continue to push their own flexible brands (with or without coworking associated with it)
- Suburban expansion among flexible operator community
- ESG, Health & Wellness, & Hospitality expectations will continue to influence shift towards flexible workspace