Rethinking Workspace

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 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.

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.

In Instant's latest UK flexible workspace market report, The Changing Face of an Industry, research shows a rise in demand within the smaller, regional markets, with some towns seeing demand growth of well over 100% in Q2-Q3 2020 compared to 2019.

As demand begins to rise in Germany again, in the yearly German Flex Market Report, Instant explores the changing landscape of the flex industry and how this has and will impact supply in Germany.

The focus of the office has evolved: from property asset to people

Why we need an office, some of the time...

As many of us enter another lockdown, optimism is easy to misplace but, for the disabled workforce, this could result in monumental change for future employment. On the week commencing the 25th anniversary of the Disability Discrimination Act and the run-up to International Day of Disabled Persons, could this be the final push for change?