2022 Flex Office Changing Workplace

Core Office, WFH and “Third Places” Change in Occupier Space Mix

• In response to the potential

• Occupiers and employees could access flexible workspace in their current format but potentially in new locations closer to homes, major transport hubs and so forth. This provides the ability to get out of the home and access office space but without the full commute. o This enterprise flex space is “purchased” in the same manner as traditional offices, but leadership may need to give more thought to the location of employees’ homes to identify optimal locations. • Community hubs could also be a source of flexible office. These might include spaces connecting with local cafes, restaurants, gyms, community halls, retail locations and the like. • In this model, many workers are accessing the space a couple of days a week, instead of the traditional 4-5 days per week. In response, operators may consider even more flexible pricing packages.

“community hub” demand, flex operators are considering even more flexible pricing packages. For example, instead of selling monthly memberships, individuals or companies may be able to buy packages with access for a certain number of days per week or month, or time-bound approaches, such as hourly or half-day or daily passes. • In 2021, we have noted a growth in the market of pass products, which enable users to book space at any location across multiple operators on a single platform for a fixed price—essentially, an Expedia for coworking spaces.

Akin to an internet café of the 1990s, coworking can be provided by the minute, as is the case in this “anti café” in the UK.