Coworking & Flexible Office Space Additive or Disruptive to the Office Market?
Before you go to bed tonight, another 15,000 sf of coworking space will have opened in the U.S. More than 5 msf of it came online in each of the past three years.
This incredible pace of growth continued in the first half of 2018 with another 3 msf added. Cushman & Wakefield’s Coworking and Flexible Office Space report explores the benefits, risks, and future opportunities in the world of flexible office space.
• This ratio is increasingly perceived as a strategic necessity by landlords and investors.
• Coworking is well-positioned to weather an economic downturn.
• Flexible office space will triple in size—representing 5-10% of office inventory in many markets.
• Coworking demand is strong, but only 20-30% is additive.