The third Global Flexible Office Sentiment Survey by Workthere, Savills’ dedicated flexible office advisory service, revealed growing concern in the short term for the flexible office sector among providers in North America over the next three months. This decrease in optimism appears to be driven by an increase in the percentage of members seeking rent relief (39 percent, up from 33 percent in May) as well as an increase in the number of members not renewing contracts (28 percent, up from 19 percent in May).
Ted Skirbunt, Workthere Americas national director, said, “With the novel coronavirus outbreak embattling many U.S. cities, it is not surprising that the results of our July sentiment survey show decreased optimism over the short term to 30 percent in North America, compared to 59 percent in May. However, 61 percent of providers are optimistic about the flexible office sector over the long term.”
Data indicated that, globally, 40 percent of flex office pro
