Why Choose a Flexi Space?

The pandemic has become a tremendous game-changer in terms of how work is done, and now that we have realized that we can be productive and perform our work without leaving our homes, the preference for work environments have also changed. This has caused an increased demand for flexible workspaces, or office spaces where employees can just “plug and play” at any time and day.

Based on Colliers' Q3 2022 flexible workspace data, vacancy for this workspace solution has dropped to 10%, a drastic decrease from 40% in 2020.  Metro Manila’s flexible workspace stock is also likely to grow by about 10% in the next 12 months. According to the real estate consulting firm, flexible workspaces are popular among companies weighing office space expansion plans in the near term. 

This has been a welcome change for some businesses, as this meant that there would be lower costs to maintaining this type of workspaces compared to traditional offices. This scheme has been especially economical to smaller companies and start-ups as they would no longer have to face overhead costs and rigid lease terms that comes with a traditional office space. This has also become attractive to businesses with proven productivity from working remotely and to those who only need minimal collaboration between employees as this means that they are faced with a substitute option on how they can work at a more flexible and optimized set-up that is most efficient for their team. 

Aside from businesses, flexible workspaces have also attracted the freelancing market, or self-employed “gig” workers as these flexible office workspaces has offered them an accessible alternative space to working alone from home, opening networking opportunities, and allowing them easier access to facilities when they need to, supplementing the set-up that is present in their personal workspaces. 

Flexible office workspaces are continuously proving itself to be a growing trend in the office market today, and developers continuously strive to create more facilities in prime locations accessible to increasing demand and provide services apt to the modern requirements of this new work dynamic. As we continue to transition to the new world post-pandemic, the flexible workspace solution can be a critical factor not only in businesses’ real estate strategies but also to individual strategies in achieving more balanced working conditions.