{"id":71,"date":"2020-02-28T19:15:18","date_gmt":"2020-02-28T13:45:18","guid":{"rendered":"https:\/\/www.syndicatemarketresearch.com\/blog\/?p=71"},"modified":"2026-02-12T16:38:11","modified_gmt":"2026-02-12T11:08:11","slug":"rising-number-of-medium-and-small-sized-businesses-to-boost-the-global-flexible-office-market","status":"publish","type":"post","link":"https:\/\/www.syndicatemarketresearch.com\/blog\/rising-number-of-medium-and-small-sized-businesses-to-boost-the-global-flexible-office-market\/","title":{"rendered":"Rising Number Of Medium And Small-Sized Businesses To Boost The Global Flexible Office Market"},"content":{"rendered":"

Flexible office setup is a budding trend within office markets across the globe. The flexible workspace and co-working trend, basically a post-Great Recession event, carry on to evolve and flourish. Coworking is among the few developing office demand sources, as per Colliers International. And there is much scope for its development. Flexible office<\/a><\/strong> space, in spite of all its development during the past decade, still registers merely a tiny proportion, below 2%, of the entire office space within primary office markets, as mentioned in the reports by Colliers.<\/p>\n

The rising number of medium- and small-sized businesses, which comprise 60\u201380% of jobs in an economy, plays an important role in driving the\u00a0flexible office market. In the last 10\u201315 years, there has been a rise in small business creation, far exceeding the development of bigger businesses and are anticipated to continue in the coming period as well.<\/p>\n

\"Global<\/p>\n

 <\/p>\n

Technology is a key growth catalyst of this market, decreasing obstacles for entering the market and enabling small businesses to enter a broad array of markets. Corresponding to the arrangement of key economies, small occupiers make up around 60\u201380% of the demand for flexible offices. Further, these rapidly developing small companies are less expected to want to have a 5-year lease deal for a preset amount of space, as space requirements are prone to change in the future.<\/p>\n

In addition, the growth in key industries such as information & communication, finances, and business service is also likely to impact the growth of the flexible office market. As per the forecasts, the rising development in knowledge-based domains is expected to boost these sectors at a rapid pace in the years to come. Also, other industries are flourishing with a rise in project-based work, wherein teams collaborate and disband when the project is completed. This, in turn, is anticipated to boost the expansion of the flexible office market.<\/p>\n

Moreover, the geographical reach of the companies has increased extensively due to technological advancements, making the firms\u2019 client base more geographically varied. And as having established offices in several places can be a costly investment, membership-based flexible offices can enable small businesses to have a place for client interaction. This trend is likely to help the market flourish during the forecast period.<\/p>\n

\n

Flexible office space, despite all of its growth during the past decade, still registers only a small proportion, below 2% of the entire office space within the primary office markets, according to a Colliers report.<\/p>\n

To Know More, Read: https:\/\/t.co\/Opk1931trM<\/a>#FlexibleOffice<\/a> pic.twitter.com\/bKVlubriVK<\/a><\/p>\n

— Syndicate Market Research (@Syndicate_SMR) June 3, 2021<\/a><\/p><\/blockquote>\n