This JLL white paper from July 2020 predicts a continuing trend towards flexible space, with the potential for 30% of all office space to be consumed “flexibly” by 2030.  While social distancing requirements negatively impact the profitability of the high seating density co-working model, private office spaces are anticipated to weather the storm, with remote and flexible working arrangements becoming common. The tenant- and investor-related implications of this seismic change are described. This paper is relevant for investment/financing, commercial property manager, commercial property developers, tenants and business leaders.
Key words: architecture/engineering, market sizing, intelligent building, property management, commercial development