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Here’s How The Market Is Valuing Flex Space Amid Covid

Capital sources have become more accepting of flex tenancies under certain circumstances.

By Lynn Pollack | December 08, 2021 at 07:53 AM

Market perception of flex office space has dramatically improved this year, after the pandemic forced a rout that saw a retreat from the sector.

A new report from JLL on the state of flex space globally notes that while investors have typically employed a more cautious approach to flex space, the share prices of publicly traded flex operators like IWG have climbed since the pandemic’s early days. (KKR and TIGA’s majority stake in TEC is one such example.) And the sector’s supply-demand drivers are pointing to even further growth post-COVID.

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