Flex spaces provide a more cost-effective way for businesses to set up an office work area. Although it makes sense for new businesses to lease flex space for periods of one month up to three years, businesses of every size have started using flex spaces as more efficient options. As more businesses find that there are advantages to leasing this type of real estate, the demand for flex spaces is continuing to grow.
Better Lines of Communication
Flex spaces keep office and warehouse or manufacturing space together on one floor. This makes it easier for everyone on the team to stay in closer contact with one another. The more effective lines of communication this creates will reduce errors and oversights.
Convenient Locations
Flex spaces are just as reliant on good locations as any other type of commercial real estate, which means you’re more likely to find them in business parks and similar areas. This makes the location of flex spaces convenient for the employees and clients of the businesses that use them.
Sustainable For Long-Term Use
Flex spaces are designed to be easily modified to suit any type of business without having to undergo extensive construction that produces unnecessary waste. A business can move into a flex space and remain there for a long-term period. They’re designed to accommodate business without having to undergo extensive remodeling, which means any business can move in and start up in a short period of time.
Easily Adapt to a Crisis
When there is a crisis, such as a pandemic, using flex space can help businesses continue operating at their average rate of efficiency. Using flex spaces in combination with remote work and established office space will help businesses continue operating when full capacity isn’t desired. This lets businesses comply with stricter regulations without forcing them to close. Even after the crisis subsides, those businesses may decide to continue using the flex space for a longer period of time.
An added benefit of flex spaces is that the operational costs are divided between the various businesses that lease space in the same building. This reduces the cost of janitorial, maintenance, and other services for each lessee. This is just one more reason more businesses are making use of flex spaces.