Following on from its detailed investigation into European flexible office markets in November 2017 - ‘The Flexible Revolution’ - CBRE is continuing its research into the sector by taking a closer look at how commercial property landlords are responding to demand for flexible space.
Entitled ‘UK Landlords & Investors Embrace the Flexible Revolution’ (June 2018), CBRE surveyed their own clients to better understand how traditional owners of large office buildings across the UK intend to react to the flexible revolution.
Of particular interest is that 38% of respondents are considering their own brand of flexible office space. However, a larger proportion (49%) are more likely to use the skills of others either by partnering with existing flexible workspace operators, or leasing space to these providers - both of which present huge for flexible space operators seeking expansion opportunities.
This latest research report continues the main themes presented by CBRE’s Kevin McCauley and James Pearson during BCA Conference 2018, which took place on 15th May. During their presentation, the two speakers revealed that although traditional landlords have been a little slow to join the flexible revolution, they are now making up for lost time.
“Landlords are assessing and considering their options,” noted Kevin. “In many cases, they view flexible space as a complement to their existing portfolios. Our findings show that 77% of UK landlords are now considering using flexible space - so expect some competition!”Download the full CBRE report here