Corporate real estate executives are set to rapidly expand their use of co-working spaces over the next five years, according to a survey conducted by Cushman & Wakefield and CoreNet Global at the latter's recent summit in Boston. The survey, which polled more than 1,000 executives, found that nearly half (47 percent) said they plan to open or expand such facilities within the next two years. An overwhelming majority of those surveyed cited the flexibility to scale their real estate portfolio up or down depending on demand as the main reason behind the move.
Corporate real estate executives are set to rapidly expand their use of co-working spaces over the next five years, according to a survey conducted by Cushman & Wakefield and CoreNet Global at the latter's recent summit in Boston. The study took responses from 220 professionals, who reported that, on average, their use of co-working environments would rise from 11% of their workforce to 23% by 2023. An overwhelming majority of those surveyed cited the flexibility to scale their real estate portfolio up or down depending on demand as the main reason behind the move.