Flexible Office for the Evolving Workforce

Owners Expect to Increase Flexible Office Offerings Why do owners want to self-deliver flexible office?

Innovating Flexible Solutions

• Given the increase in vacant blocks of office space across buildings, owners are turning to creative solutions to increase occupancy at their properties. • These creative solutions increasingly include the self-delivery of flexible office solutions to tenants. • Occupiers are seeking flexible solutions to their space requirements as workforce needs evolve. In some cases, vacant sublease space with short-lease terms has been negotiated by occupiers as flexible office. Owners readily adopt these occupier requests in order to transition this vacant space into revenue.

Generate additional revenue

29%

Secure tenants at an earlier stage in their growth

18%

Provide additional services for existing and new tenants

18%

Build a flexible workspace brand to add overall value

18%

Understand more about their customers

12%

Other

5%

0% 5% 10% 15% 20% 25% 30%

Source: The Instant Group; Summer 2022 Future of Flex Survey