Instant: Rethinking Workspace

New York city is the second largest flexible office market globally with a wide mix of providers offering space. Rates vary dramatically across the city with some of the highest average rates per desk globally being achieved in the city. While the majority of supply exists in Manhattan in the last 12 months we have seen a move towards other boroughs such as Queens, Brooklyn and even Staten Island.

Singapore continues to see high levels of supply growth year on year with one of the largest flexible workspace markets in Asia found in the Island City-State. Singapore has long been a key business hub and with very limited office supply was a natural expansion ground for flexible working as providers looked to expand outside of their home markets. Because of this the share of large international operators is high across the city although niche coworking providers continue to pop up as the market develops.

Thanks to the tech boom in the city over the last decade the demand for high quality office space has been ever present. This meant that San Francisco was one of the first US cities to see a real flexible workspace industry. Rates remain some of the highest in the US and while larger companies are looking to create their own flexible environments the number of small companies looking to grow in the city creates continuous demand. Due to the cost of commercial real estate in the city we have more recently seen providers move out of the city core and into the wider bay area.

This comprehensive guide is essential for any business looking to navigate the shifting landscape of South Africa’s commercial real estate and uncover new opportunities in outsourcing.

ICYMI: Catch the recording of the commercial property outlook session held at the UK Real Estate Investment and Infrastructure Forum. The panel brings together thought leaders from across the workspace ecosystem to identify trends across the market.

We examine how core aspects of a flex proposition can help landlords reduce vacancies and drive revenues.

From expansion to sustainability, our 2024 Fit to Flex Partner Survey points to where operators are focusing their investment over the next two years.

Over the last 30 years, South Africa has symbolised the triumph of political hope and the dawn of new opportunity. But it hasn’t always received the attention you might expect from the global business community.