According to the latest research by managed office operator Kitt, flexible workspace now represents around 10% of total office supply, up from 6% in 2019. And managed workspace accounts for a significant and rapidly growing part of that.
Indeed, 92% of those surveyed for Kitt’s report, the New Office Normal, believe demand for managed offices would grow in the next two to three years. However, around two-thirds of those asked cited valuation uncertainty as a key obstacle, and that is far from the only challenge facing the sector.
So how can the managed workspace model work, what investment returns can be expected and what role can AI, tech and data play? These were just some of the questions debated during the discussion sponsored by Kitt, Maples Teesdale and Yardi, and hosted by Grosvenor. To read a write-up of the event click here.
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