Lee Menifee

There is no shortage of research to highlight the growth of flexible space on the office market. JLL, for example, recently noted in its publication The Investor that flex space could increase by more than 25% in 2018 after rising 29% in 2017. Furthermore it is not just tenants and landlords that are taking note of the flexible space story: As it becomes more mainstream, lenders and investors are starting to see the benefits of moderate exposure to flex space as part of a well-diversified tenant roster, according to Alex Colpaert, Head of Offices Research at JLL EMEA. In short, as JLL wrote, buildings with a high percentage of flexible space are increasingly seen as viable investment propositions.

“With a growing demand for innovative environments and unconventional design, some secondary assets are in a prime position to be revamped – unlocking opportunities for investors,” Colpaert said.

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Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

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