Can Commercial Real Estate Move at the Speed of Business?

In a post-pandemic world, appealing and interactive workspaces will be key to engage teams, as well as drive efficiency, cost reduction, and sustainability.

In our newest report, “How can commercial real estate move at the speed of business?” Instant takes an in-depth look at the impact of the pandemic across the US and Canada to answer the question: is the adoption of flexible workspaces the key to enabling commercial real estate to catch up to the needs of modern businesses?

Key Highlights From The Report

• Demand for agility increased over the last 12 months, but market uncertainty created a difficult environment for agile workspace providers and saw competition surge for new occupiers.
• As some providers struggled to stay afloat, both supply and the average cost per desk from 2019 to 2020 decreased by 2% and 8% respectively. Despite this, demand increased by 21% from the first half of 2020 to the second.
• Research shows a strong and consistent return to growing demand levels. The need for greater flexibility going forward will not only drive cost efficiencies but also right-size portfolios into increased geographic diversity.
• Landlords are now seeing greater opportunity in flexible real estate. This activity is expected to drive the second phase of growth within flex, pushing the industry above 300 million sq ft by 2025.