{"id":12717,"date":"2019-07-01T10:00:36","date_gmt":"2019-07-01T10:00:36","guid":{"rendered":"https:\/\/www.instantoffices.com\/blog\/?p=12717"},"modified":"2019-07-25T05:32:34","modified_gmt":"2019-07-25T05:32:34","slug":"global-flex-market-report","status":"publish","type":"post","link":"https:\/\/blog.instantoffices.com\/reports-and-research\/global-flex-market-report\/","title":{"rendered":"Global Flex Market Report: Is Flex The New Normal?"},"content":{"rendered":"

Instant’s latest research explores 18 of the largest global markets for flexible workspace.\u00a0<\/strong><\/p>\n

Get the report delivered to your inbox below.\u00a0<\/strong><\/span><\/p>\n

Flexible workspace now accounts for up to 5% of total office space in 18 of the largest global markets identified by Instant, including Tokyo, Sydney, New York, London and Los Angeles. This figure is expected to double in the next five years as demand increases and supply grows in response.<\/p>\n

Flexible office space has gone mainstream.<\/strong><\/p>\n

Demand increased by +19% last year in the global cities, which was more than the average increase in supply at +16%. No longer the domain of freelancers and start-ups, more corporates than ever before are looking to\u00a0flexible options to reduce costs and increase agility.<\/p>\n

James Rankin, Head of Research and Insight at the Instant Group says,<\/strong> “The growth in supply of flex space has been the #1 story in commercial property markets around the world. But so many of the key city markets outside of the top five are under-sized compared to the total sq. ft. of office space within them. There is more growth to come as client awareness of non-lease options increases the search for more choice in the market. We have only seen the tip of the iceberg for larger corporate requirements as companies look to flex 20% of their portfolios or more.”<\/p>\n

Highlights of the Global Cities Report<\/span><\/strong><\/h2>\n