The Flex Premium Report
Industry Insights: A Spacemade report looking at the benefits flexible workspace brings to office assets.
What is The Flex Premium?
What is The Flex Premium?
Research undertaken by Spacemade, a first-of-its-kind flex space operational partner, surveyed office stakeholders with a view to understand how flexible workspace enhances the offer of an office building. The results combine attitudes and sentiment amongst commercial landlords, asset managers, developers and commercial agents to understand to what extent a ‘Flex Premium’ exists and what this means for the future of workspaces.
According to Spacemade’s research, the benefits of incorporating the ‘Flex Premium’ extends beyond just boosting rental income. The addition of amenities to a building can also lead to increased foot traffic, heightened appeal to potential tenants, and enhanced value for those who utilise them.
Higher Rental Returns from Buildings that Incorporate Flexible Space
Building owners have told us that they expect, and experience, higher rental returns from buildings that incorporate flexible space, when compared to assets without.
They suggest that the additional benefits and value that this brings to occupiers and employees means that all respondents said that incorporation of flex space brings value to employees with one in three saying it is a “very important” component of their asset.
Greater Rental Increase in Buildings that Incorporate Flex Space
The majority of agents surveyed indicated that they are seeing a greater rental increase in buildings that incorporate flex space compared to those that don’t. This echoes the sentiments of the building owner, who say that the ‘Flex Premium’ may well be between 5% and 15%.
According to the agents, the incorporation of flex space also leads to increased footfall in and around the buildings.
What We Do
What We Do
We do just one thing at Spacemade. Enable building owners to deliver flexible workspace directly to customers. As working patterns shift, demand for collaborative, convenient, flexible workspace continues to soar.
We provide a white-labelled operational platform to ensure landlords like you are at the forefront of this change. With locations in cities and suburbs across the UK, Spacemade is the largest bespoke workspace operator partnering with landlords.
Whether you’re looking to create an in-demand amenity in a city centre, which will improve financial performance and command a rent premium for the entire building, or a close-to-home coworking space that’s perfect for hybrid working, we’ve got you covered.
