{"id":17345,"date":"2022-10-20T08:07:15","date_gmt":"2022-10-20T08:07:15","guid":{"rendered":"https:\/\/www.instantoffices.com\/blog\/?p=17345"},"modified":"2022-10-20T10:43:09","modified_gmt":"2022-10-20T10:43:09","slug":"flexible-office-space-demand-new-york","status":"publish","type":"post","link":"https:\/\/www.instantoffices.com\/blog\/instant-offices-news\/flexible-office-space-demand-new-york\/","title":{"rendered":"Forecasted Demand for Flexible Office Space in NYC Up 19% from 2021"},"content":{"rendered":"\n<p><strong>The Instant Group&#8217;s latest data has also determined that supply of flexible office spaces in NYC is up 7% year-over-year, showing further development and competition among operators.<\/strong><\/p>\n\n\n\n<p>Global workspace innovation firm&nbsp;<a href=\"http:\/\/www.theinstantgroup.com\/\">The Instant Group<\/a>&nbsp;expects flexible office space demand to increase by 19% in New York City in 2022 over 2021, while supply \u2013 the number of flexible workspace centers in the market \u2013 has grown 7%, to 495 spaces. This growth is seen primarily in Manhattan and Brooklyn.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1817\" height=\"954\" src=\"https:\/\/www.instantoffices.com\/blog\/wp-content\/uploads\/2022\/10\/Demand-for-Flexible-Office-Space-in-New-York.png\" alt=\"\" class=\"wp-image-17346\" srcset=\"https:\/\/www.instantoffices.com\/blog\/wp-content\/uploads\/2022\/10\/Demand-for-Flexible-Office-Space-in-New-York.png 1817w, https:\/\/www.instantoffices.com\/blog\/wp-content\/uploads\/2022\/10\/Demand-for-Flexible-Office-Space-in-New-York-300x158.png 300w, https:\/\/www.instantoffices.com\/blog\/wp-content\/uploads\/2022\/10\/Demand-for-Flexible-Office-Space-in-New-York-1024x538.png 1024w, https:\/\/www.instantoffices.com\/blog\/wp-content\/uploads\/2022\/10\/Demand-for-Flexible-Office-Space-in-New-York-768x403.png 768w, https:\/\/www.instantoffices.com\/blog\/wp-content\/uploads\/2022\/10\/Demand-for-Flexible-Office-Space-in-New-York-1536x806.png 1536w\" sizes=\"(max-width: 1817px) 100vw, 1817px\" \/><\/figure>\n\n\n\n<p><strong>Demand grew for all inquiry sizes between 2021-2022:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Inquiries for 0-2 desks increased by 5%<\/li><li>Inquiries for 3-9 desks increased the most, by 57%<\/li><li>Inquiries for 10-25 desks increased by 23%<\/li><li>Inquiries for 25+ desks increased by 26%<\/li><\/ul>\n\n\n\n<p>New York City\u2019s flexible office space supply primarily consists of hybrid spaces, accounting for 51% of market share. Following this, serviced offices make up 34%, and coworking spaces make up 15%.<\/p>\n\n\n\n<p>\u201cIn NYC, we&#8217;re seeing companies, from smaller firms to Fortune 500s, turn to flexible office space as many adjust to a hybrid working solution,\u201d said Michael Calistri, Director at The Instant Group. \u201cWhile both supply and demand are increasing,&nbsp;supply is limited in the market and many top providers are at 95% capacity as firms continue to experiment with what is the best solution for them.\u201d&nbsp;&nbsp;<\/p>\n\n\n\n<p>Rates for workstations are also up from last year, increasing to $821 per desk for 2022 from $815 in 2021.<\/p>\n\n\n\n<p>\u201cThis slight increase may be explained by current inflationary pressures, which are being felt across the United States, along with higher levels of demand,\u201d added Calistri.<\/p>\n\n\n\n<p><strong><u>Methodology<\/u><\/strong><\/p>\n\n\n\n<p>The included data is compiled via The Instant Group\u2019s leading flexible workspace data platform, Instant Insight. Rate data is based on transacted rates, providing the most accurate view available within the industry, while demand data is based on demand coming through The Instant Group\u2019s digital booking platform,&nbsp;Instant Offices.<\/p>\n\n\n\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>, <a style=\"color: #3366ff;\" href=\"http:\/\/www.instantoffices.com\">Search more locations<\/a><\/p>\n<\/div>\n\n\n","protected":false},"excerpt":{"rendered":"<p>The Instant Group&#8217;s latest data has also determined that supply of flexible office spaces in NYC is up 7% year-over-year, showing further development and competition among operators. Global workspace innovation firm&nbsp;The Instant Group&nbsp;expects flexible office space demand to increase by 19% in New York City in 2022 over 2021, while supply \u2013 the number of flexible workspace centers in the market \u2013 has grown 7%, to 495 spaces. This growth is seen primarily in Manhattan and Brooklyn. Demand grew for all inquiry sizes between 2021-2022: Inquiries for 0-2 desks increased by 5% Inquiries for 3-9 desks increased the most, by 57% Inquiries for 10-25 desks increased by 23% Inquiries for 25+ desks increased by 26% New York City\u2019s flexible office space supply primarily consists of hybrid spaces, accounting for 51% of market share. Following this, serviced offices make up 34%, and coworking spaces make up 15%. \u201cIn NYC, we&#8217;re seeing companies, from smaller firms to Fortune 500s, turn to flexible office space as many adjust to a hybrid working solution,\u201d said Michael Calistri, Director at The Instant Group. \u201cWhile both supply and demand are increasing,&nbsp;supply is limited in the market and many top providers are at 95% capacity as firms continue to experiment with what is the best solution for them.\u201d&nbsp;&nbsp; Rates for workstations are also up from last year, increasing to $821 per desk for 2022 from $815 in 2021. \u201cThis slight increase may be explained by current inflationary pressures, which are being felt across the United States, along with higher levels of demand,\u201d added Calistri. Methodology The included data is compiled via The Instant Group\u2019s leading flexible workspace data platform, Instant Insight. Rate data is based on transacted rates, providing the most accurate view available within the industry, while demand data is based on demand coming through The Instant Group\u2019s digital booking platform,&nbsp;Instant Offices. &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":17350,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[76,1],"tags":[],"class_list":["post-17345","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>Forecasted Demand for Flexible Office Space in NYC Up 19% from 2021 - Instant Offices<\/title>\n<meta name=\"description\" content=\"Supply of flexible office spaces in NYC is up 7%, showing a healthy supply and competition among operators.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Forecasted Demand for Flexible Office Space in NYC Up 19% from 2021 - Instant Offices\" \/>\n<meta property=\"og:description\" content=\"Supply of flexible office spaces in NYC is up 7%, showing a healthy supply and competition among operators.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.theinstantgroup.com\/en-us\/breakthrough-insights\/research-articles\/forecasted-demand-for-flexible-office-space-in-nyc-up-19-from-2021\/\" \/>\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=\"2022-10-20T08:07:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-10-20T10:43:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.instantoffices.com\/blog\/wp-content\/uploads\/2022\/10\/Demand-for-Flexible-Office-Space-in-New-York-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=\"2 minutes\" \/>\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\/flexible-office-space-demand-new-york\/\",\"url\":\"https:\/\/www.theinstantgroup.com\/en-us\/breakthrough-insights\/research-articles\/forecasted-demand-for-flexible-office-space-in-nyc-up-19-from-2021\/\",\"name\":\"Forecasted Demand for Flexible Office Space in NYC Up 19% from 2021 - 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