Flexible space remains one of the hottest trends in CRE today. According to CBRE, the North American flexible space sector increased 34% (by square footage) in 2018 (based on the 30+ markets CBRE tracks).
Below we rank the top 10 flexible space markets in North America and break down how they stack up in terms of the solution mix (coworking vs. serviced office vs. incubator space), number of operators and overall percentage of the total office market. The top 10 markets make-up nearly three-quarters of the flexible space in the markets tracked.
“Flexible space leasing had another record year in 2018. The focus of third-party operators has clearly shifted to the enterprise user, which will help sustain growth in this industry, said Julie Whelan, Americas Head of Occupier Research, CBRE.”