The Future of the Coworking and Flexible Space Business Model Remains Optimistic

Although news of bankruptcy filings and the shuttering of locations has presented a picture of doom for the coworking and flexible space business model amid the COVID-19 pandemic, it is anticipated that the survivors of the pandemic are “actually in a very good niche of office space.” Tenants with nearing lease expirations may opt to explore flex options to buy more time while they figure out their next move, with the expectation that even in the post-vaccine workplace, there remains uncertainty as to when the pre-COVID five-day on-site office work week will return.