Research articles

In Brisbane, demand for flexible office space decreased 31% year-on-year between 2021 and 2022. By contrast, both Sydney and Melbourne saw demand increase by 14% during the same time period.

While demand for flexible workspace in Chicago is forecast to be down 14% between 2021 and 2022, the second half of 2022 has, so far, outpaced the second half of 2021, according to The Instant Group's latest data.

Upon analysing data from 100 flexible and traditional leased spaces, Incendium Consulting unveiled that traditional leased office space is almost three times more carbon intensive based on current occupancy levels.

The Instant Group's latest data has also determined that supply of flexible office spaces in NYC is up 7% year-over-year, showing a healthy supply and competition among operators.

The return to the office across Australia is continuing to show momentum despite a third wave of Omicron. With offices reopening twice since the beginning of the pandemic in early 2020, a third opening in the first quarter of 2022 has seen more return than the previous year, showing promising signs across the country.

With flexible work becoming mainstream, operators have seen record demand growth across Latin America, which is a very positive sign for the flex industry.

A lack of available supply of flexible workspace will hamper the ability of companies to offer the opportunity to work from anywhere in the coming years.

The average cost-per-desk for flexible workspace in Houston is down seven percent year-over-year ($456 per desk per month so far in 2022 vs. $461 per desk per month in 2021), according to Instant's latest data.