Speak to JLL to help guide you through the different providers, helping you to find that perfect space. Think people-first to select a space that attracts the talent you’re looking for and brings your culture to life. The growing proportion of flex space – JLL expects 30 percent of all office space globally to be flexible in some form by 2030 – means fewer long leases. JLL’s latest research shows the need for flexible space is not only here to stay, it’s likely to increase. Brookfield Properties has appointed JLL to manage Orchard Workspace, a 50,000-square-foot flexible office and meeting space taking shape at 15 MetroTech Center, a … The demand for flex space will continue to increase due to COVID-19, as the need for a more agile portfolio strategy and employee mobility options expand What the future holds for flexible space in a fast-paced world affected by the pandemic | JLL JLL are specialists in flexible office spaces, we work with many of the largest and most innovative providers of flexible coworking office space across Australia. Apply on company website Save. The flexible space market experienced significant changes as a result of the COVID-19 crisis, immediately reducing the need for short-term desks. Valuing flex space is more complicated, and security of covenant will be crucial. JLL forecasts a flexible space revolution *Approximately 2% of current U.S. office inventory is controlled by independent, third-party flexible office providers (spanning all operator types, from traditional executive office suites to coworking to incubators). JLL previously forecast that up to 30 percent of corporate real estate portfolios could be co-working or flexible space by 2030, representing a seismic change within the market. According to research conducted by JLL, the flexible office space sector in Europe has more than doubled since 2014, driven by, i.a., the development of start-ups, creative industries, and small- and medium-sized companies. Flexible space should support your unique goals. ... 30% of all office space will be consumed flexibly by 2030. To discover how to make the most of this development on your investment strategies, read on. In the last few years we have seen exponential growth in both the number of operators and the volume of space they are occupying – in Central London we now estimate the total flexible office landscape to encompass over 7 million sq ft across more than 60 providers, accounting for 3.2% of all office stock. Reimagining the workplace - Flexible office space - JLL MENA While the market for flexible space is growing rapidly – JLL predicts that in Europe, it will grow by an average of 25 to 30 percent a year in the next five years, adding up to 7 million square meters of flexible office space - some companies with traditional business cultures remain cautious about bringing in new ways of working and the tech that will enable it. Your job seeking activity is only visible to you. JLL Spark leads £4m investment in digital office broker Hubble. A new generation of flexible office space is spreading into cities across the UK as a growing number of businesses review how their workspaces can better meet the needs of modern working life. Flexible space can be open-plan, but it can also include small, enclosed offices, or even whole floors. flexible space. Although that remains a way off, its latest research suggests that larger corporates will increasingly embrace flexible space in the next three to five years. JLL Research predicts flexible space demand will continue to increase as a result of COVID-19, although in a different form than it took before the pandemic. Vincent Lottefier, a veteran executive of JLL offices across Europe and Asia, will enter the role of chief strategy officer at Upflex, a global marketplace for coworking and flexible office space . It can be managed by specialist operators, individual landlords, partnerships between the two, or in the case of liquid space, … JLL reports that that the average flexible office space is 17,000 square feet. This increased demand from large enterprises will support the growth of the flexible space market to more than 50 mn sq ft by 2023, JLL’s Reimagine Flexspaces A 360⁰ view has said. By now we have all heard about the well-publicised boom in flexible offices. Flexible space typically means workspaces that fall outside of the traditional ‘office’ model. Repurposing office space. Source: JLL. Find office space Move into your first office, find a new one with room to grow, or develop a complete location strategy. Mumbai, 9 th November 2020: JLL today launched a report titled JLL’s “Reimagine Flexspaces A 360⁰ view” which highlights that the current market penetration of flex spaces into India’s total office stock stands at 3.0%. Headquartered in London, Hubble is the online platform for flexible office space and marks the first European investment for JLL Spark. What is flexible space? predicting that 30 percent of all office space will be consumed flexibly by 2030. The demand for flexible spaces are increasing across Asia Pacific. Adaptable spaces, flexible leases, tech adoption and sustainability to drive the regional property market in 2021 JLL has shared insights on the property trends which are expected to drive Middle East’s real estate industry in 2021, at its annual outlook event. A JLL report on the Future of Workplace Design reveals that time and location will matter less to companies due to this movement towards asynchronous work and workers, ... Why flexible space is a major breakthrough in lab design. These flexible spaces typically provide tenants with ready-to occupy furnished office spaces. Unlike the traditional office model flexible space is a workplace that offers greater flexibility for users. In fact, we believe 30% of all office space will be consumed flexibly by 2030. ... JLL UK’s Head of UK Offices Research. “Flexible office space helps them to attract specific talent pools, particularly younger generations, who tend to favour a less traditional corporate office setting while meeting the requirements of specific teams in areas such as digital or product innovation,” says Tom Carroll, Head of EMEA Corporate Research at JLL. This can be co-working spaces, serviced offices, or liquid space, available on the open market. The country is expected to witness deeper penetration, throughout 2021 and beyond, the flex space market is forecast to grow at a slower pace and more organically. Flexible spaces do not require tenants to adhere to standard market practice allowing for lease terms that range from hourly, daily, monthly to yearly. As a real estate investor, this presents its own set of challenges and benefits for your business. Save job. Sales Manager for Flexible Office Space Jones Lang LaSalle Vauxhall, England, United Kingdom 1 day ago Be among the first 25 applicants. While there are short, medium and long term implications JLL’s most recent report “The Impact of COVID-19 on Flexible Space: What the Future Holds in a Fast-paced World Affected by the Pandemic”, argues that following the coronavirus pandemic, the need for agile portfolios with a spectrum of flexible options will only increase. ... Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. 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