The North American flex-office sector has evolved through the pandemic, trimming its square footage by 9% and gradually shifting to rely more on large companies as users and helping employers to accommodate changing patterns of office use, according to a new report from CBRE.
“Flex space has become a skeleton key that companies can use to address their changing office needs,” said Julie Whelan, CBRE’s global head of occupier research. “They can use it to adjust their office portfolio as they figure out how hybrid work will affect their employees’ office-use patterns. They can use flex space as a short-term base when they initially expand into new markets to tap new and more affordable labor pools.
“Some will add flex space in suburban locations to offer employees offices for occasional use closer to their homes,” Whelan continued. “In short, flex space allows companies to be more nimble.”
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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