2022 Flex Office Changing Workplace
Changes in Relationships: Occupiers Flexible Office Provides Opportunity for Occupiers to Reduce Corporate Footprints
Availability of All-Access Passes • Over the past two years, flexible office providers—and pass aggregators—have increased the options for global drop-in programs. This allows enterprise clients to offer maximum flexibility to employees to access workspaces wherever and whenever desired. • A challenge for the industry is that longer-term, enterprise agreements are typically more profitable for providers. This has proven out during the economic downturn as those types of agreements have fared better and have provided income to underpin their business. • There could be an interesting dynamic with operators wanting to incentivize longer-term agreements with occupiers looking for ever-increasing flexibility.
Shrink and consolidate portfolio by not renewing select site leases Expand portfolio through mixture of traditional and flex space leases Shrink and consolidate portfolio using flex space leases
Maintain portfolio size by shifting rigid leases to flex space leases
Expand portfolio through traditional leases
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