Traditional office spaces continue to struggle with muted demand and high vacancy rates unless they are one of the few Class-A office buildings meeting the long list of requirements of today’s modern office occupier. The flexible workspace industry, on the other hand, faces a very different reality.
In a 2024 survey, WeWork found that nearly 60% of companies looking to expand over the next several years are choosing to do so with flexible workspace as opposed to traditional offices. At the same time, almost 90% of companies say offices will play a big role in increasing their profitability and enhancing a positive work…