THE "WHY" FOR OWNERS
Space as a Service is a critical component to any viable Core + Flex asset management strategy in the future.
Consumer expectations have shifted dramatically over the past decade – how, when, and where we work has evolved.
Deploying a strategic flexible offering will provide financial benefits along with operational efficiencies supporting both your flexible and static tenant base – increasing achievable rents and leasing velocity, adding new revenue streams, and achieving higher retention rates.
Enterprise occupiers have acknowledged that a sustainable portfolio management strategy of the future will include a combination of core, long-term leases, flexible solutions, along with remote working strategies.
FACTORS TO CONSIDER
We partner with owners and operators across the globe on the strategic vision, design, and delivery of flexible office programming for individual assets and portfolios.=
We want to partner with you to create the winning strategy for the future
THE "HOW" FOR OWNERS
The rise of flex has caused owners to consider at what level their participation makes sense. Choices for engagement by owners include three primary scenarios – buy, build, or partner.
Invest
Investment in of a flexible office brand to gain the management expertise and established systems necessary for an effective flex delivery model.
Build
Develop a flexible solution using in-house resources and a ground-up approach with dedicated team members and a specific deployment strategy.
Partner
Leverage the expertise and resources of a flexible office operator through a lease or management agreement on an asset-level or portfolio basis.
Management Agreement Review
Opportunity for 30-50% premium above market rents through profit sharing
Greater control of the space and closer relationship with coworking tenant base
Protected against downside risk of Operator default with managed structure
Improve building amenity base and service programming for tenant retention
Provide additional opportunities and choices for tenants and prospects
New revenue streams created for space and services not previously monetized
What owners are using flex to their advantage?
The Tech Invasion
Engage in a proactive vs reactive approach to the appropriate integration of products/services supporting your asset management strategy.