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 30, 2015
U.S. office construction is approaching historic levels again
An estimated 108 million sf of office space were under construction in the U.S. at the end of the first quarter, a 17% gain over the same period a year ago, according to CoStar.
Wood | Apr 26, 2015
Building wood towers: How high is up for timber structures?
The recent push for larger and taller wood structures may seem like an architectural fad. But Building Teams around the world are starting to use more large-scale structural wood systems.
Green | Apr 22, 2015
GSA's Federal Center South Building honored with AIA Top Ten Plus Award for 'verified' sustainable performance
The annual award recognizes green building projects that have quantifiable metrics demonstrating the performance and positive impact of the sustainable design.
Office Buildings | Apr 21, 2015
Stop the endless debate over open vs. closed work environments
Rather than be confused by the constant stream of opinions, leadership teams contemplating workplace investments should start with powerful employee engagement strategies that drive results.
Office Buildings | Apr 21, 2015
How to create an 'emotionally intelligent' workplace
Emotional intelligence is the leading predictor of performance in the workplace and the strongest driver of leadership and personal excellence.
Office Buildings | Apr 8, 2015
Facebook plans to build two more Frank Gehry-designed offices
In addition to office space, Facebook’s development involves a bridge for pedestrians and cyclists.
Mixed-Use | Apr 7, 2015
$100 billion 'city from scratch' taking shape in Saudi Arabia
The new King Abdullah Economic City was conceived to diversify the kingdom's oil-dependent economy by focusing more in its shipping industry.
Green | Apr 7, 2015
USGBC survey shows Fortune 200 companies prioritize green building
The world’s top-performing companies are prioritizing sustainability as part of their corporate social responsibility efforts, and a majority of them are using LEED to achieve their goals, according to the new survey.
Office Buildings | Apr 1, 2015
Facebook opens Gehry-designed headquarters: ‘The largest open floor plan in the world,’ says Zuckerberg
Employees have started moving into Facebook’s new headquarters, a 435,555-sf building in Menlo Park, Calif., whose famed architect Frank Gehry describes as “unassuming, matter-of-fact, and cost effective.”
Office Buildings | Apr 1, 2015
IBM's supercomputer Watson finds new home in Manhattan's Silicon Alley
The new headquarters for the former Jeopardy champ was conceived as a showcase for Watson’s capabilities, and as an inspirational workspace for Millennials and idea generators of all ages.
