Opportunities for tenants
Typically, these flexible spaces offer shorter leases that are less than five years, providing a stronger ability for landlords to retain their tenants as they grow and contract. This is especially appealing to newer and smaller businesses with unexpected growth rates that cannot commit to longer leases. Larger multi-national organisations are also displaying an increasing interest in these spaces as they look for outlets to aid their need to expand or reduce numbers in their offices to accommodate their workload.
With flexible office space on the brink of becoming mainstream there is pressure on landlords to find a niche that can separate them from the crowd. The coworking sector of the flexible market is undoubtedly the largest and a recent introduction of female-only spaces is set to spark a rise of more facilities that focus on niches. In 2019, the most important trend for landlords to focus on is providing an onsite crèche or nursery, allowing parents to find the perfect work-life balance.