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New Report Shows Flexible Office Space As Increasingly Important Part of Workplace Strategy

Michael Boonshoft • 9/15/2022

New York, NY – Sept 15, 2022 – Cushman & Wakefield (NYSE: CWK), a leading global real estate services firm, in partnership with WeWork (NYSE: WE), a leading global flexible space provider, surveyed 800 people working in WeWork spaces in London, Singapore and New York, finding growing demand for flexible office space. The data and perspectives provided by the survey suggest that flexible office options can be a valuable component of a diverse office workplace ecosystem to provide employees the workplace flexibility they now demand.

Amongst the findings, people who currently use flexible office space want to increase their utilization up to half their workday. Among those surveyed, 40% of their time is spent in flexible office space, 55% at home and approximately 5% in other places. Looking ahead, respondents said they want to be in flexible office space 50% of the time and reduce their work from home time to about 45% – a 19% reduction.

“If employers and employees learned anything during the global pandemic, it’s that work can be effectively performed in spaces beyond the traditional office, and employees often seek more choice in their work environments after going through this experience. Businesses have proven they can not only survive but even thrive with a dispersed office workforce,” said Despina Katsikakis, Executive Partner and Global Lead of Total Workplace at Cushman & Wakefield.

Flex Office Stats

Source: WeWork + C&W Workplace Experience Survey (n=808)

Additionally, while people choose to work in flexible offices and traditional company office spaces for similar reasons – including the chance to collaborate, socialize and connect with others, three critical factors that can drive a preference for flexible office spaces include: the space feels like an extension of the employee’s traditional office and culture, supports the employee’s wellbeing, and offers both the right technology and right spaces for collaboration.

“The data and perspectives provided by the survey through our partnership with WeWork strongly suggest that flexible office options can be a valuable component of a diverse workplace ecosystem that provides employees the workplace flexibility they now demand,” said Despina Katsikakis, Executive Partner and Global Lead of Total Workplace at Cushman & Wakefield. “With this data organizations should feel confident that flexible office locations can be part of a diverse office ecosystem that supports employee flexibility and strong employee performance.”

About WeWork
WeWork Inc. (NYSE: WE) was founded in 2010 with the vision to create environments where people and companies come together and do their best work. Since then, we’ve become a leading global flexible space providers committed to delivering technology-driven turnkey solutions, flexible spaces, and community experiences. For more information about WeWork, please visit us at wework.com.

About Cushman & Wakefield 

Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 50,000 employees in over 400 offices and approximately 60 countries. In 2021, the firm had revenue of $9.4 billion across core services of property, facilities and project management, leasing, capital markets, and valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake External Link on Twitter.

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