Why Flexible Office Thrives in Cities

Gonor: “San Diego is the number-two US city for Millennial population, with 28% in this age group. In Downtown San Diego, the Millennial population concentration is even higher, with approximately 35% in this age group.”

SAN DIEGO—Downtown has become the choice location for Millennials to live, work and play, so flexible-office space has exploded there to meet the growing demand, JLL EVP Richard Gonor tells GlobeSt.com. According to the firm, co-working, executive suites and incubator-space operators are increasing their presence in urban markets, and Downtown leads San Diego County, with 15 companies totaling approximately 261,000 square feet.

Flexible-office companies such as Regus, WeWork, Barrister Suites and Premier Business Centers are providing one-stop-shop work environments, accommodating the evolving needs of entrepreneurs, freelancers, remote employees and small-business owners, JLL says. And, flexible-office companies are popular in the live/work/play high-density areas like Downtown San Diego. With the Convention Center, Trolley Line extension and 4,000 new condo units under development, Downtown is attracting all types of working professionals.