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EG Property Podcasts
Viewing flex space as an amenity
Oct 9, 2023
The podcast explores the benefits of flex space in the post-pandemic era, including scalability, versatility, and location. It discusses the premium that flex space brings to buildings, highlighting increased rental income and demand. The chapter focuses on the division between top-tier and average office spaces in London and the challenge of fluctuating office attendance. It also explores how customers are using flex space and amenities efficiently, as well as the adoption of sustainable changes in the industry. The importance of collaboration and tailored approaches in the flexible office market is emphasized, along with the growth and maturation of the sector.
43:26
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Quick takeaways
- Flex space allows businesses to easily scale their office space requirements and foster collaboration and productivity among employees.
- Incorporating flex space into office assets increases rental income by 20-25%, enhances community, and attracts tenants who are willing to pay more for the amenities.
Deep dives
The Benefits of Flexible Workspace
Flexible workspace is gaining popularity due to its versatility and cost-effectiveness. Businesses can easily scale their office space requirements, take advantage of additional amenities, and foster collaboration and productivity among employees in a post-pandemic world. Incorporating flexible workspace into office assets increases rental income by 20-25%, enhances the sense of community, and attracts users to the office. Tenants are willing to pay more for flex space, and buildings with flex space tend to let for a premium compared to traditional leased buildings.
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