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Demand for flexible workspace reaches all-time high

Demand for flexible workspace reaches all-time high

Survey: More than a third of tenants already use or are looking into coworking spaces.


By Peter Fabris, Contributing Editor | September 6, 2022
Flexible office work space
Courtesy Pexels.

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.

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