By Gail Kalinoski
CBRE’s annual flex office report outlines how the sector, which had been surging prior to the pandemic, held its own during the resulting recession and rise in work-from-home employment. No less than 86 percent of occupiers surveyed by CBRE in September said flexible office space would play some role in their long-term commercial real estate strategies, compared to 73 percent in June.
Occupiers reporting it would play a significant role in their strategies rose to 36 percent in September from 23 percent in June. The Top 5 reasons cited for planning to use a flexible office space were: provide a network of locations for more mobile workforce access (45.5 percent); enter a new market/s (43.9 percent); short-term space solution for temporary dispersed workforce (42.4 percent); reduce capital expenditure (40.9 percent) and test alternate workspace or occupancy models (37.9 percent).