Flex Per-Desk Costs Decrease in Austin, DFW

James Rankin says quickly expanding multi-location flex providers are aggressive on pricing.

DALLAS—Texas ranks as the third-largest state for flexible workspace, behind New York and California. While the supply of flexible workspace centers in Texas grew 12% from 2017 to 2018, more than the national average for emerging markets, the cost-per-desk in a flexible workspace decreased 9% in Austin and 8% in Dallas during the first half of 2018, according to a study by the Instant Group.

“After steady growth for a number of years, we are likely seeing a market correction in pricing for flexible workspace,” said Justin Harris, US sales manager of the Instant Group. “Additionally, part of the discrepancy is likely a result of the growth of centers outside of the central business districts, which naturally impacts average rates.”