COVID-19 has led occupier, asset owners, and investors to prepare for significant changes in the flexible workspace sector
Insight & Recommendations
COVID-19 has led occupier, asset owners, and investors to prepare for significant changes in the flexible workspace sector.
- Occupiers are advised to leverage opportunities to negotiate discounts on membership fees for flexible workspace as market demand softens.
- Asset owners should consider how flexible workspace adds value to their portfolios, while realizing flexible workspaces are no longer a quick solution to fill vacancies. Deals should focus on well capitalized operators and be structured to increase the provision of amenities and services.
- Flexible workspace operators need to consider business models that can minimize vacancy risks through win-win relationships with asset owners.
