Landlords Enter the Flexible Office Marketplace

An increasing number of office landlords are offering flexible options to tenants who desire temporary space or a lease commitment of less than three years. A new report from LiquidSpace, an online transactional platform for linking office tenants with flexible opportunities, noted that more than 30 percent of public listings on LiquidSpace come from businesses sharing excess space, but building owners have jumped into the mix and now account for 7 percent of listings—double the amount a year ago.

“The opportunity to provide flexible space has gotten large enough [that] it’s now on landlords’ radar screen,” says Mark Gilbreath, founder/CEO of LiquidSpace. According to Gilbreath,  companies using LiquidSpace include large, creditworthy tenants seeking flexible, creative space for teams of 15 to more than 100 members who are working on special projects or entering new markets and are unsure of future space needs.

Via nrelonline.com