Market Report
Flexing the Workplace - Back to Office
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Key Insights
1
The flex space market expanded to 53.4 Mn sq ft, expected to reach 81 Mn sq ft by 2025
2
Large enterprises are increasingly opting for flex spaces, reflected in larger sizes and longer lease tenures
3
Significant private equity investments totaling around USD 260 Mn since 2016 underscore the sector’s resilience and growth potential
Key Takeaways
- While 2023 is likely to be a challenging year for businesses amid macroeconomic uncertainty, flexible spaces are a way to navigate global headwinds
- As several companies are urging their employees to head back to the office under a hybrid model, it is likely to increase the demand for flexible spaces
- Other real estate asset classes such as residential complexes, hotels, malls, and shopping complexes are expected to accommodate the need for flexible spaces in the future, promoting work from near home
