Low vacancy rates and a lack of new buildings under construction are threatening to hinder further expansion of the flexible office market in the Bay Area . While an increasing number of co-working companies are looking to enter the market for flexible office space in the area, the lack of supply has become the biggest obstacle to further expansion. 2015 Knotel was among the most active workspace providers during the second quarter when most of its growth occurred. 187,000 sq ft was leased for flexible working, with current trends likely to produce a similar amount in 2018 , according to data from Expansion Kwame Spearman . In 2018 , 187,000 sq ft was leased for such purposes.
Low vacancy rates and a lack of new buildings under construction are threatening to hinder further expansion of the flexible office market in the Bay Area . While an increasing number of co-working companies are looking to enter the market for flexible office space in the area, the lack of supply has become the biggest obstacle to further expansion. 2015 187,000 sq ft was leased for flexible working, with current trends likely to produce a similar amount in 2018 , according to data from Expansion Kwame Spearman . In 2018 , 187,000 sq ft was leased for such purposes.