Report: Tech startups drive demand for flexible workspaces

Modern businesses these days demand flexible workspaces with varying sizes, locations, amenities, and leasing terms.

Liquidspace, a leading provider of flexible office spaces, conducted an analysis of its marketplace in the final quarter of 2016 to pinpoint current and future demands. Their conclusion: more providers recognize the need for flexible terms and flex space needs will continue increasing.

Any commercial space rented less than on a five or 10-year lease is considered a flexible workspace. LiquidSpace offers rentals on hourly, daily, monthly, and extended year terms, but for the purposes of their report, they focused on leases ranging from one month to three years. Their discovery? Companies want shorter rental and lease terms.

Via realtybiznews.com