THE WHY
TALENT
GROWTH
ECOSYSTEM
RESOURCES
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Overview
Flexible offices, such as co-working spaces, offer startups an affordable opportunity to gain a foothold and build the physical density of tech in a community. Prior to the COVID-19 pandemic, flexible office space grew at a 22% average annual rate. 1 While both the global pandemic and decline of WeWork has caused disruption in the flexible work sector, experts believe the model will prove a long-term disruptor in the office market.
Today
2030
5%
30%
“Flexible”
“Flexible”
Spec Suites 2.6% 2.4%
Spec Suites 25%
5%
Coworking
Coworking
Plus-Circle
Flexible Office Spaces by City
Coworking: Independent, third-party flexible office providers from traditional executive office suites to coworking and incubators.
Spec Suites: Other flexible formats including communal workspaces and spec suites available on a term of less than 3 years.
1 JLL. Flexible Space Sector Trends. May 2022.
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