Flexible Office for the Evolving Workforce

Executive Summary TRENDS IMPACTING THE FLEXIBLE OFFICE* MARKET

Employee preferences for hybrid work have led to a shift in office space utilization. This trend accelerated in 2022 as occupiers explored ways to attract employees back to the office. Employees ultimately view the office as a space for collaboration and socializing, both key characteristics of flexible office spaces. As a result, occupiers are frequently using flexible office options as a tool to manage their footprints and attract workers to the office.

Return to Office Reshapes Office Sector

Evolution of The Flexible Office Sector: Occupiers

Leveraging Flexible Office Opportunities: Owners

Adapting to Paradigm Shifts in Flexible Office: Providers

Challenges Impacting the Flexible Office Sector

*Terminology for the flexible space analyzed in this report varies across regions. This report primarily utilizes “flexible office” throughout, but occasionally refers to the term “flexible workspace” (the common term utilized in Europe) interchangeably.