Over the past decade the shared office model, represented by the coworking industry, has had a significant impact on conventional office leasing. What at first appeared to some as a fad or trend, coworking has evolved into a $26B/yr industry with over 35,000 coworking spaces operating around the world.
Today shared office space makes up between 1-3% of total office space in the world. JLL research indicates that by 2030 ‘shared office’ space might make up around 30% of office space, which would suggest that the industry is in its infancy.
Despite the impact of the pandemic, asset owners and managers understand that having some portion of their property portfolios allocated as ‘shared offices’ makes sense strategically. Through a series of workshops and reports we help asset owners think through and plan for how shared space might be good for their portfolio. Shared space is not for everyone, and we know that there is no ‘one size fits all’ solution. Each case presents its own challenges, and we pride ourselves on our ability to listen to individual client needs. We start with a free intake-survey that allows clients to share their initial goals with our team after which we engage in a deeper dive to learn more about the project goals and long-term portfolio strategy. Let us help you develop clarity around your portfolio diversification strategy.