Flex space evolves
Markets that are flexing their muscles in 2019
There is no denying it: coworking and other flexible real estate solutions are reshaping the U.S. office market. The sector has grown an average of 23 percent each year since 2010. In 2018 alone, it made up for nearly two-thirds of the country’s office market occupancy gains.
Who's driving it? The biggest players in the industry including Regus, WeWork, Convene and more.
Given that explosive growth, how sustainable is this trend… and what markets are primed for even more growth?
We'll answer those questions and more.
- Current status: Right now, flex space inventory accounts for less than 5 percent of U.S. office stock.
- Future status: We believe that number will skyrocket to approximately 30 percent of the market by 2030.
There’s not a single U.S. market that’s oversaturated, but some are definitely better positioned to see rapid growth. We’ve evaluated 25 economic, demographic and market variables. On top of that, we’ve layered in forward-looking demand projections.
What we’ve come up with are the 15 U.S. markets where we see the greatest potential for growth within the sector.
Take a deeper dive into what’s driving flexible space in markets across the country:
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How should coworking and other flexible space options be a part of your business strategy?
Photo courtesy of
Spaces - Menlo Park, CA.