Q&A: Flexible and co-working space disrupts commercial real estate

Scott Homa, JLL’s senior director of research, discusses how commercial real estate has been fundamentally been disrupted by flexible and co-working space. The co-working and flex-space markets are set to undergo shifts this year with the reduced presence of WeWork and increased number of flex-space providers.

1. What are your thoughts on the growing pace of flexible space? JLL predicts 30 percent of the U.S. office market will comprise flexible space by 2030.

It’s been a significant disruption within the commercial real estate industry.

Office space has never been known for innovation, but the flow of venture capital into the sector and rise of third-party flexible space operators has changed that dynamic.

There is a significant triangulation underway among owners, tenants and co-working