The study identifies the main catalysts of this segment’s rise – such as the evolutional changes in the form, moment and place where people work and life styles, as well as the fast advance in technology, among others – and celebrates a unique perspective over the risks and opportunities it offers both companies and real estate investors in Europe.
The study highlights that on a global scale, the volume of this type of spaces in the twenty most important markets grew around 30% in 2017, the equivalent to about 1 million sqm.
With 5,6% of all the office spaces, Amsterdam has the highest concentration of flexible spaces in the world.
For their part, Madrid and Barcelona have experienced growths of 40% and 35% in contracting flexible spaces during 2017. If in 2017 it represented 6% and 7% of the entire office contracting, during this year, so far, it represents 12% and 10% respectively.
The office flexible space will represent 30% of some corporate real estate portfolios in 2030, according to JLL’s report.
Among the obstacles detected by the adoption of flexible space, it shoud be noted the concerns about the dilution of the brand, costs, security and confidentiality. However, chosing not to invest in flexible spaces also involves risks concerning the attraction and retention of workers, as well the possibility of being considered an obsolete company.