2019 was the year that the pop-up store “popped out.” Digital natives going bricks-and-mortar; an explosion of local entrepreneurism; the rise of upstart brands; a new launching pad for global retailers, and so much more—These are all examples of the types of pop-up trends we are seeing in retail.
December 11, 2019 / admin / Comments Off on MISPLACED SCHADENFREUDE? IMPLICATIONS OF CHANGING FLEXIBLE WORKSPACE FOR CRE
The flexible office sector—and coworking, in particular—has been the darling of the office market since the last recession. Its meteoric 45% compound annual growth rate in U.S. gateway markets from 2010-2018 has increasingly driven new leasing activity. In 2010, coworking leasing represented just 0.5% of all net new leasing in U.S. gateway cities; by 2018, the share was 9.5%.
It is tricky, however, to reconcile these statistics with recent media coverage on the sector; gloomy predictions have been on the rise. In light of this, it is worthwhile to re-examine some fundamental assumptions regarding the flexible space office sector.
All blog entries on this site are the opinion of the author and not those of Cushman & Wakefield of Florida, Inc. (C&W). C&W neither endorses, sponsors or necessarily shares the opinion of the author, regardless of whether any blog posted by any employee, officer, agent or representative of C&W. C&W has not authorized or verified any statement of fact made in a blog, and any such statement does not constitute a statement of fact by C&W. C&W is not responsible for the monitoring or filtering of any blog, nor does C&W claim ownership or control over any blog content.