Rethinking Workspace

New York City

New York city is the second largest flexible office market globally with a wide mix of providers offering space. Rates vary dramatically across the city with some of the highest average rates per desk globally being achieved in the city. While the majority of supply exists in Manhattan in the last 12 months we have seen a move towards other boroughs such as Queens, Brooklyn and even Staten Island.

Singapore

Singapore continues to see high levels of supply growth year on year with one of the largest flexible workspace markets in Asia found in the Island City-State. Singapore has long been a key business hub and with very limited office supply was a natural expansion ground for flexible working as providers looked to expand outside of their home markets. Because of this the share of large international operators is high across the city although niche coworking providers continue to pop up as the market develops.

San Francisco

Thanks to the tech boom in the city over the last decade the demand for high quality office space has been ever present. This meant that San Francisco was one of the first US cities to see a real flexible workspace industry. Rates remain some of the highest in the US and while larger companies are looking to create their own flexible environments the number of small companies looking to grow in the city creates continuous demand. Due to the cost of commercial real estate in the city we have more recently seen providers move out of the city core and into the wider bay area.

UK Flex Market Review 2022

Flexibility is increasingly becoming a key strategic driver for businesses, in terms of future planning and gaining an edge in talent attraction. Our latest research shows that demand for flexible workspace is up 22% across the UK in 2021 y-o-y, with regional cities taking to the stage.

Hong Kong Flex Market Review 2022

Our latest research shows that demand for Hong Kong’s flexible workspace has remained resilient against the pandemic, with demand for flex space in 2021 up 22% from pre-pandemic levels (2019).

As the role of CRE changes, what is the impact on real estate teams?

The tectonic shift in the ‘role of the office’ has been widely reported in the last two years, and the debate as to the ‘future of work’ continues to rage, but what has been the impact so far on Corporate Real Estate teams?

Implementing Sustainability in CRE Portfolio’s, an Interview with Sam Pickering

In the second of our interview series with ESG experts, Sam Pickering discusses who is responsible for gathering sustainable data, how portfolios are currently planned, the impact of hybrid working on the route to net-zero, and how corporates will measure sustainability as more staff work from home.

The Great Workforce Migration is Shaping the Flexible Office Landscape in the U.S.

As geographic boundaries of work have eroded and work has evolved from a noun to a verb, new migration patterns are emerging across the U.S. shaping the flexible office landscape.