Research articles

Increased requirements for carbon reporting is causing the amount of stranded assets to rise, leading to new pressures for each part of the CRE value chain. How can operators make sure their workspaces are part of the solution, rather than the problem?

This year's U.N. climate summit featured negotiations by nearly 200 nations about the future of global action on climate change, which led to several takeaways pertaining to the real estate industry.

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 analyzing 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 further development and competition among operators.

Demand for flexible office space in Mexico City is forecast to grow 12 percent between 2021-2022. Demand in the first half of 2022 was up 11 percent from the first half of 2021 while supply has grown by only two percent.

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