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Flex Forward | What’s next for Flex in 2021?

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2020 could potentially be the catalyst for a structural change in real estate. Over 2021 we will begin to see the true impact of the pandemic and start to make sense of what it’s long lasting impact will be. There are signs of optimism for the flexible workspace sector, underpinned by occupiers looking to reduce risk, add agility, elevate employee experience and outsource workspace delivery. Illustrated by Deloitte’s recent acquisition of 35,000 sq ft of flex space from WeWork in the UK and Standard Chartered partnering with IWG to offer their global workforce access to on demand workspace.

We have also seen traction with asset owners meaningfully exploring the benefits that partnering with flexible workspace operators can bring to an asset, such as attracting smaller high-quality requirements, improving tenant amenities and offering conventional tenants’ additional flexible workspace. For example, Barings have just announced that they have partnered with Hana in their flagship Manchester development, which is also a positive signal for secondary markets.

Here at Colliers we expect the sector to recover strongly and we are preparing for a busy year as asset owners, operators and occupiers all continue to evolve and embrace the shift in how workspace is delivered and consumed.


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Flex Forward | What’s next for Flex in 2021?

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Related Experts
United Kingdom

Tom Sleigh

Head of Flexible Workspace Consulting

EMEA Headquarters

Tom Sleigh joined Colliers in 2019 as Head of Flexible Workplace Consultancy in the EMEA region. Tom supports occupier clients in the execution of their flexible workspace strategy and requirements, in addition to advising flexible operators on their expansion strategy throughout EMEA. He also supports real estate investors considering entering the sector, specialising in partnerships between asset owners and operators. 

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United Kingdom

Istvan Toth

Associate Director

EMEA Headquarters

I've been in the real estate industry since 2005 and joined Colliers as a data scientist in their EMEA research team in 2018. In my career I have worked across the various property sectors and I have viewed at the markets from both the occupational and investment perspective. Having obtained a widespread understanding of the European property markets, I am currently focusing on making sure to transform raw RE market data into meaningful and forward thinking analyses and reports.

"Data powers everything that we do."

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