2022 Flex Office Changing Workplace

The pandemic introduced a perfect storm of negative impacts on the flexible office sector.​ • Office usage cratered.​ • Social distancing—the opposite of the close- knit community much of coworking was built on— became desirable or even required.​ • Office job losses mounted suddenly.​ All of this led to reductions in memberships and increases in non-payment delinquencies. Flexible office providers have been forced to make difficult decisions to right-size their portfolios, leading to a leveling off in Europe and a decline in the U.S. inventory of flexible office and coworking​ .

SHORT-TERM CHALLENGES TO THE SECTOR

TRENDS IMPACTING THE FLEXIBLE OFFICE MARKET