Demand for flexible workspace including coworking options has never been higher, according to a survey from Yardi Kube, a space management software provider that is part of Yardi Systems.
Coworking spaces are now considered a viable option by 39% of the 1,200 office tenants surveyed. The top two reasons for interest in coworking space are cost savings and flexibility to increase and decrease the office footprint as needed.
About two-thirds of commercial real estate professionals surveyed plan to embrace some version of hybrid work. That doesn’t translate into a sharp decrease in office space demand, though.
The vast majority (91%) of respondents said they were confident that their footprint will either stay the same or increase in the near future. Only 9% said they plan on reducing their footprint.
Related Stories
Office Buildings | Apr 28, 2021
The Salvation Army’s National Headquarters renovation completes
HGA designed the project.
Steel Buildings | Apr 17, 2021
Speed Core wall system is used for the second time in office building in San Jose
The construction method is expected to knock off three months from the project’s schedule.
Office Buildings | Apr 15, 2021
JetBrains St. Petersburg campus to include large, vertically stepped indoor atrium
UNStudio is designing the project.
Office Buildings | Apr 12, 2021
A Fort Myers, Fla., developer finds growth in an office sector that, post COVID, might be catching its second wind
Seagate Development Group has several office projects near completion.
Office Buildings | Apr 7, 2021
Thyssenkrupp’s new HQ will include the tallest elevator test tower in the Western Hemisphere
The facility began construction in August of 2019.
Office Buildings | Apr 5, 2021
FXCollaborative selected to create new lobby, amenity space for 3 Times Square
FXCollaborative designed the original building in 2001.
Office Buildings | Apr 5, 2021
Innovation One completes at University Research Park in Madison, Wis.
Valerio Dewalt Train designed the project.
Office Buildings | Mar 30, 2021
WELL Institute certifies a gigantic office complex with its highest health and safety rating
Poland’s Olivia Business Center one of the first to install ion air purification devices.
Office Buildings | Mar 26, 2021
Finding success for downtown office space after COVID-19
Using the right planning tools can spur new uses for Class B and C commercial real estate.
Office Buildings | Mar 24, 2021
JEA Headquarters tops out in Jacksonville
The building has recently topped out.
