Flexible Office for the Evolving Workforce

Central America and the Caribbean Countries increase their flexible office inventory

Flexible Spaces in the Region

30

• Local firms and renowned global providers offer flexible office in the region, as users seek modern workplace solutions. • Costa Rica’s flexible office inventory has grown 600%+ in the last four years, led by the entry of WeWork to the region. The global provider opened two sites totaling more than 240,000 sqm. • Various landlords throughout the region have created their own brands of flexible office to take advantage of the strong demand for this type of space in their markets. • Occupier demand has led to the creation of various models of flexible office as providers respond to the evolving nature of office work globally.

25

20

15

10

5

Number of office coworking spaces in 2022

0

Panama Costa Rica Guatemala Dominican Republic

El Salvador Honduras Nicaragua

Source: Coworker, Cushman & Wakefield Proprietary Research