Cincinnati Flex Space Sector on the Rise

Cincinnati, Feb. 14, 2019 – There is no denying it: coworking and other flexible real estate solutions are reshaping the U.S. office market. The flexible space sector has grown at a 23 percent average annual rate since 2010. In 2018 alone, it made up for nearly two-thirds of the country’s office market occupancy gains.

But how sustainable is this trend and what does it mean for Cincinnati?

Cincinnati has 35,827,742 square feet of office inventory; of that, 280,563 square feet is comprised of flexible office space. With population growth rising 3.1 percent since 2010, and 3.2 percent of Cincinnati employees working in tech (a high user of flexible office space), the city is poised for an uptick in flexible leasing activity.

JLL Research Analyst Abby Armbruster elaborates: “Flex office space offers opportunity for growth, flexible real estate costs and creates an environment for innovation. With a low barrier to entry, flex space is an opportunity for start-ups and entrepreneurs to gain traction in the market.”

According to 2018 data, a Cincinnati coworking desk will run about $268 per month or $479 per month for a private office.

For more information on JLL’s Cincinnati office, please visit www.us.jll.com/en/locations/midwest