In the last two years,
23% of office landlords have already converted parts of their buildings into flexible workspaces. And the momentum isn’t slowing down—
22% plan to follow suit within the next two years. This isn’t just a whim; it’s a calculated move. Over half of landlords (57%) cited “aligning with current market trends” as their top reason for embracing the coworking model.
But staying trendy isn’t the only motivation:
- Staying competitive: 54% want to keep pace with rivals who are modernizing their portfolios.
- Boosting property value: 43% see coworking spaces as a surefire way to increase asset worth.
- Maximizing revenue: 40% are turning underutilized spaces into profit-making hubs.
- Futureproofing: 35% know that adaptability is the name of the game.