How far behind the curve is the commercial real estate industry? The growth of ‘flex’ space and its implications for CRE

John Williams
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John Williams: CMO, The Instant Group

Corporate Real Estate Journal, 2020, vol. 9, issue 3, 196-205

Abstract: Flexible workspaces and technology are driving considerable growth in the commercial real estate sector, with more than 35 per cent of office activity driven by flex space in London last year, for example. But is it really representative of systemic change and what can we learn from other sectors? This paper looks at examples from other sectors to assess a move from businesses focused on asset management to the provision of services, driven by customer demand and increasing digitisation. This paper debates whether flex space is CRE’s own transformative moment, which will demand that landlords becoming increasingly service-orientated and operators more sophisticated in their market offer.

Keywords: flexible workspace; co-working; technology; disruption; business curve (search for similar items in EconPapers)
JEL-codes: R3 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:aza:crej00:y:2020:v:9:i:3:p:196-205

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