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Flexible office space is poised for a comeback, a year after the COVID-19 pandemic shuttered new leasing activity and drove leasing volume down 92%, according to a new report on the state of the sector from JLL.

Flex space enjoyed a meteoric rise from 2014 to 2019, with average of 25% growth per year. In 2019, pre-COVID, it made up as much 20% of leasing activity in cities like New York and London. But what made flex space so attractive pre-pandemic would ultimately prove to be its undoing as COVID-19 swept across the country last year. 

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