1. Home
  2. > Financial Services
  3. > Real Estate Market Trends
Global Flexible Workspace Growth Opportunities

Global Flexible Workspace Growth Opportunities

  • September 2022
  • 78 pages
  • ID: 6346914
  • Format: PDF
  • Frost & Sullivan

Summary

Table of Contents

Organizations and individuals lease flexible workspaces for periods shorter than traditional business office leases, including month-to-month rolling rentals, 12–24-month contracts, or personally tailored arrangements to meet the tenant’s needs.

Opportunities for flexible workspaces focus on property services and ICT solutions and services. The maturity of the flexible workspace market, particularly in certain cities, in combination with the rapid rise of pandemic-related needs, has been driving market demand.

This trend is backed by the emergence of numerous start-ups and greater appreciation for industry incumbents that offer flexible workspaces as a real estate strategy.

The highly competitive market landscape caused by a low barrier to entry and a rapidly evolving competitive environment challenge operators to stay afloat.

The expectation-versus-service gap among occupiers and operators remains an issue, while occupiers still largely perceive flexible workspaces as a temporary solution.

Having an exclusive address does not resonate well with certain occupiers’ culture and expectations.

Furthermore, the security limitations of flexible workspaces limit the occupier profile that real estate offerings can accommodate.

The global flexible workspace market operates on a Space-as-a-Service (SPaaS) business model.

Flexible SPaaS enhances the user experience through convenience, comfort, and flexibility.

This approach has led to a surge in co-living and co-working spaces.

Reduced expenditure, flexibility in lease periods, modern amenities and trendy services, and maintenance-inclusive assets (e.g., lighting and air-conditioning) drive the adoption of this business model. The development of flexible workspaces reflects the changes in and maturity of office stock, varying across countries and cities.

In addition, a city’s occupant profiles influence flexible workspace needs and progress.

The strong uptake of seats and flexible workspaces signals customers’ confidence in both the flexible workspace concept and in operators, despite varying long-term office leasing plans across organizations and cities.

Asset owners and landlords are aware of the value propositions flexible workspaces offer; this is evident from their readiness to lease office space to flexible workspace operators.

Some asset owners also offer flexible workspace solutions as part of their services. The outlook for the global flexible workspace market is optimistic for 2022. The hybrid working and work near home (WNH) value proposition; increasing partnerships between various industry stakeholders; growing interest in workspace modernization through technology adoption; and rising emphasis on environmental, social, and governance (ESG) values will contribute to market growth during the next five years.
Author: Janice Wung

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Grace helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Customer Journey Analytics Market Research Report by Component, Application, Deployment, Industry, Region - Cumulative Impact of COVID-19, Russia Ukraine Conflict, and High Inflation - Global Forecast 2023-2030

  • $ 3949
  • January 2023
  • 259 pages

Customer Journey Analytics Market Research Report by Component (Service and Solution), Application, Deployment, Industry, Region - Cumulative Impact of COVID-19, Russia Ukraine Conflict, and High Inflation ...

  • World
  • Marketing Research
  • Media And Entertainment
  • Industry analysis

ref:plp2022

Reportlinker.com © Copyright 2023. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on