{"id":16161,"date":"2021-05-24T15:34:36","date_gmt":"2021-05-24T15:34:36","guid":{"rendered":"https:\/\/www.instantoffices.com\/blog\/?p=16161"},"modified":"2021-06-10T11:47:32","modified_gmt":"2021-06-10T11:47:32","slug":"north-america-market-summary","status":"publish","type":"post","link":"https:\/\/www.instantoffices.com\/blog\/instant-offices-news\/north-america-market-summary\/","title":{"rendered":"Can Commercial Real Estate Move at the Speed of Business?"},"content":{"rendered":"<p>In a post-pandemic world, appealing and interactive workspaces will be key to engage teams, as well as drive efficiency, cost reduction, and sustainability.<\/p>\n<p>In our newest report, \u201cHow can commercial real estate move at the speed of business?\u201d Instant takes an in-depth look at the impact of the pandemic across the <a href=\"https:\/\/www.instantoffices.com\/en-us\/us\" target=\"_blank\">US<\/a> and <a href=\"https:\/\/www.instantoffices.com\/en-us\/ca\" target=\"_blank\">Canada<\/a> 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?<\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/www.theinstantgroup.com\/en-gb\/breakthrough-insights\/industry-insights\/can-commercial-real-estate-move-at-the-speed-of-business\" target=\"_blank\"><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter wp-image-16167 size-full\" src=\"https:\/\/www.instantoffices.com\/blog\/wp-content\/uploads\/2021\/05\/North-America-Market-Summary-Instant-Offices.jpg\" alt=\"North-America-Market-Summary---Instant-Offices\" width=\"1024\" height=\"138\" srcset=\"https:\/\/www.instantoffices.com\/blog\/wp-content\/uploads\/2021\/05\/North-America-Market-Summary-Instant-Offices.jpg 1024w, https:\/\/www.instantoffices.com\/blog\/wp-content\/uploads\/2021\/05\/North-America-Market-Summary-Instant-Offices-300x40.jpg 300w, https:\/\/www.instantoffices.com\/blog\/wp-content\/uploads\/2021\/05\/North-America-Market-Summary-Instant-Offices-768x104.jpg 768w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<h2><span style=\"color: #99ba14;\"><strong>Key Highlights From The Report<\/strong><\/span><\/h2>\n<ul>\n<li>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.<\/li>\n<li>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.<\/li>\n<li>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.<\/li>\n<li>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.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<div style=\"background-color: #b3d334; padding: 20px 0;\">\n<h2 style=\"text-align: center; margin-bottom: 0;\"><strong>Looking for Office Space?<\/strong><\/h2>\n<p style=\"text-align: center; margin-top: 0;\"><span style=\"color: #000000;\">We Operate in Top US Locations:<\/span><\/p>\n<p style=\"text-align: center;\"><a style=\"color: #3366ff;\" href=\"https:\/\/www.instantoffices.com\/en-us\/us\/office-space\/new-york\">New York<\/a>, <a style=\"color: #3366ff;\" href=\"https:\/\/www.instantoffices.com\/en-us\/us\/office-space\/houston\">Houston<\/a>, <a style=\"color: #3366ff;\" href=\"https:\/\/www.instantoffices.com\/en-us\/us\/office-space\/dallas\">Dallas<\/a>, <a style=\"color: #3366ff;\" href=\"https:\/\/www.instantoffices.com\/en-us\/us\/office-space\/miami\">Miami<\/a>, <a style=\"color: #3366ff;\" href=\"https:\/\/www.instantoffices.com\/en-us\/us\/office-space\/san-francisco\">San Francisco<\/a>, <a style=\"color: #3366ff;\" href=\"https:\/\/www.instantoffices.com\/en-us\/us\/office-space\/chicago\">Chicago<\/a>,<br \/>\n<a style=\"color: #3366ff;\" href=\"http:\/\/www.instantoffices.com\">Search more locations<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>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, \u201cHow can commercial real estate move at the speed of business?\u201d 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? &nbsp; &nbsp; 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. &nbsp; Looking for Office Space? We Operate in Top US Locations: New York, Houston, Dallas, Miami, San Francisco, Chicago, Search more locations<\/p>\n","protected":false},"author":1,"featured_media":16169,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[76,1],"tags":[],"class_list":["post-16161","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-instant-offices-news","category-reports-and-research"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>North America Commercial Real Estate Report - Instant Offices<\/title>\n<meta name=\"description\" content=\"Can commercial real estate move at the speed of business? Our latest report considers the impact of the pandemic across the US and Canada to find out.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.instantoffices.com\/blog\/instant-offices-news\/north-america-market-summary\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"North America Commercial Real Estate Report - Instant Offices\" \/>\n<meta property=\"og:description\" content=\"Can commercial real estate move at the speed of business? Our latest report considers the impact of the pandemic across the US and Canada to find out.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.instantoffices.com\/blog\/instant-offices-news\/north-america-market-summary\/\" \/>\n<meta property=\"og:site_name\" content=\"Instant Offices Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/InstantOffices\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/InstantOffices\" \/>\n<meta property=\"article:published_time\" content=\"2021-05-24T15:34:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-06-10T11:47:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.instantoffices.com\/blog\/wp-content\/uploads\/2021\/05\/North-America-Market-Report-Flexible-Workspace-Instant-Offices.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"960\" \/>\n\t<meta property=\"og:image:height\" content=\"430\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Instant\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/Instant_Offices\" \/>\n<meta name=\"twitter:site\" content=\"@instant_offices\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Instant\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.instantoffices.com\/blog\/instant-offices-news\/north-america-market-summary\/\",\"url\":\"https:\/\/www.instantoffices.com\/blog\/instant-offices-news\/north-america-market-summary\/\",\"name\":\"North America Commercial Real Estate Report - Instant Offices\",\"isPartOf\":{\"@id\":\"https:\/\/www.instantoffices.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.instantoffices.com\/blog\/instant-offices-news\/north-america-market-summary\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.instantoffices.com\/blog\/instant-offices-news\/north-america-market-summary\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.instantoffices.com\/blog\/wp-content\/uploads\/2021\/05\/North-America-Market-Report-Flexible-Workspace-Instant-Offices.jpg\",\"datePublished\":\"2021-05-24T15:34:36+00:00\",\"dateModified\":\"2021-06-10T11:47:32+00:00\",\"author\":{\"@id\":\"https:\/\/www.instantoffices.com\/blog\/#\/schema\/person\/938027a69297f349d730148f6ff48788\"},\"description\":\"Can commercial real estate move at the speed of business? 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