Forecasts For The Flexible Space Market

The flexible space market was booming prior to the COVID-19 pandemic. Industry professionals expect the flexible space to return the initial high 6.4% of the overall office market, with potential for even further expansion. The future for the flexible space market is prosperous, supported by leading industry market research from JLL. A recent report from the company states ‘the need for pre-built offices, lease flexibility, and workplace mobility options will continue to increase.’ The same report found that by 2030, it is expected that flexible spaces will occupy as much as 30% of overall office space, with an occupancy rate as high as 80%. Such forecast growth is attributed to companies discovering the advantages of a decentralised workforce, working in tandem with the adaptability a flexible space provides. As remote work becomes a mainstay, so will flex space, so watch this space.