Press Resease

Flexible Office Market - Global Industry Analysis

Flexible Office Market By Offering (Private Offices, Co-Working Spaces, Virtual Offices, and Others), By Space Provider (Big Brands and Independent Brands), and By Vertical (IT & Telecommunications, Media & Entertainment, Retail & Consumer Goods, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2027

Published Date: 23-Sep-2019 Category: Consumer Goods Report Format : PDF Pages: 110 Report Code: ZMR-4762 Status : Published

Global flexible office market expected to generate around USD 111.68 billion by 2027, at a CAGR of around 17.1% between 2019 and 2027. The increase in small- and medium-sized businesses and start-ups is a trend observed across all major cities of the world, while new working practices are neither location- nor sector-specific.

Description

The report covers a forecast and an analysis of the flexible office market on a global and regional level. The study provides historical data from 2015 to 2018 along with a forecast from 2019 to 2027 based on revenue (USD Billion). The study includes the drivers and restraints of the flexible office market along with their impact on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the flexible office market on a global level.

In order to give the users a comprehensive view of the flexible office market, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

Global Flexible Office Market

The report provides company market share analysis to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new launch, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the market on a global and regional basis.

The study provides a decisive view of the flexible office market by segmenting it based on offering, space provider, vertical, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2019 to 2027. The regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Some leading players in the flexible office market are Alley, Croissant, Davinci Virtual, Greendesk, Hubble, Instant, JustCo, LiquidSpace, Office Freedom, Regus Group, Serendipity Labs, Servcorp, ShareDesk, TechSpace, WeWork Companies, and The Office Group.

This report segments the global flexible office market into:

Global Flexible Office Market: Offering Analysis

  • Private Offices
  • Co-Working Spaces
  • Virtual Offices
  • Others

Global Flexible Office Market: Space Provider Analysis

  • Big Brands
  • Independent Brands

Global Flexible Office Market: Vertical Analysis

  • IT and Telecommunications
  • Media and Entertainment
  • Retail and Consumer Goods
  • Others

Global Flexible Office Market: Regional Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Table Of Content

  • Chapter 1. Introduction
    • 1.1. Report description and scope
    • 1.2. Research scope
    • 1.3. Research methodology
      • 1.3.1. Market research process
      • 1.3.2. Market research methodology
  •  
  • Chapter 2. Executive Summary
    • 2.1. Global flexible office market, 2015-2027 (USD Billion)
    • 2.2. Global flexible office market: Snapshot
  •  
  • Chapter 3. Flexible Office Market - Industry Dynamics
    • 3.1. Introduction
    • 3.2. Market Drivers
      • 3.2.1. Corporates have become the driving force in the flexible workspace industry
      • 3.2.2. Prices set to flatten in some of the largest flexible workspace markets
      • 3.2.3. Growth of start-ups and SME's
    • 3.3. Market Restraints
      • 3.3.1. Low differentiation levels
      • 3.3.2. Budget constraints for technological solutions
    • 3.4. Opportunities
      • 3.4.1. Demand is set to expand outside of the primary global city-based markets
      • 3.4.2. Retail transformation
    • 3.5. Porter's Five Forces Analysis
    • 3.6. Market Attractiveness Analysis
      • 3.6.1. Market attractiveness analysis, by offering
      • 3.6.2. Market attractiveness analysis, by space provider
      • 3.6.3. Market attractiveness analysis, by vertical
      • 3.6.4. Market attractiveness analysis, by region
  •  
  • Chapter 4. Global Flexible Office Market - Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global flexible office market: company market share, 2018
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New therapy launch
      • 4.2.3. Agreements, partnerships, collaborations and joint ventures
      • 4.2.4. Research and development and regional expansion
    • 4.3. Price trend analysis
  •  
  • Chapter 5. Global Flexible Office Market - Offering Analysis
    • 5.1. Global flexible office market: offerings overview
      • 5.1.1. Global flexible office market revenue share, by offering, 2018 and 2027
    • 5.2. Private Offices
      • 5.2.1. Global flexible office market for private offices, 2015-2027 (USD Billion)
    • 5.3. Co-working Spaces
      • 5.3.1. Global flexible office market for co-working spaces, 2015-2027 (USD Billion)
    • 5.4. Virtual Offices
      • 5.4.1. Global flexible office market for virtual offices, 2015-2027 (USD Billion)
    • 5.5. Others
      • 5.5.1. Global flexible office market for others, 2015-2027 (USD Billion)
  •  
  • Chapter 6. Global Flexible Office Market - Space Provider Analysis
    • 6.1. Global flexible office market: space provider overview
      • 6.1.1. Global flexible office market revenue share, by space provider, 2018 and 2027
    • 6.2. Big Brands
      • 6.2.1. Global flexible office market for big brands, 2015-2027 (USD Billion)
    • 6.3. Independent Brands
      • 6.3.1. Global flexible office market for independent brands, 2015-2027 (USD Billion)
  •  
  • Chapter 7. Global Flexible Office Market - Vertical Analysis
    • 7.1. Global flexible office market: vertical overview
      • 7.1.1. Global flexible office market share, by vertical, 2018 and 2027
    • 7.2. IT and Telecommunications
      • 7.2.1. Global flexible office market for IT and telecommunication, 2015-2027 (USD Billion)
    • 7.3. Retail and Consumer Goods
      • 7.3.1. Global flexible office market for retail and consumer goods, 2015-2027 (USD Billion)
    • 7.4. Media and Entertainment
      • 7.4.1. Global flexible office market for media and entertainment, 2015-2027 (USD Billion)
    • 7.5. Others
      • 7.5.1. Global flexible office market for others, 2015-2027 (USD Billion)
  •  
  • Chapter 8. Global Flexible Office Market - Regional Analysis
    • 8.1. Global flexible office market: regional overview
      • 8.1.1. Global flexible office market share, by region, 2018 and 2027
    • 8.2. North America
      • 8.2.1. North America flexible office market revenue, by offering, 2015-2027 (USD Billion)
      • 8.2.2. North America flexible office market revenue, by space provider, 2015-2027 (USD Billion)
      • 8.2.3. North America flexible office market revenue, by vertical, 2015-2027 (USD Billion)
      • 8.2.4. The U.S.
        • 8.2.4.1. The U.S. flexible office market revenue, by offering, 2015-2027 (USD Billion)
        • 8.2.4.2. The U.S. flexible office market revenue, by space provider, 2015-2027 (USD Billion)
        • 8.2.4.3. The U.S. flexible office market revenue, by vertical, 2015-2027 (USD Billion)
      • 8.2.5. Canada
        • 8.2.5.1. Canada flexible office market revenue, by offering, 2015-2027 (USD Billion)
        • 8.2.5.2. Canada flexible office market revenue, by space provider, 2015-2027 (USD Billion)
        • 8.2.5.3. Canada flexible office market revenue, by vertical, 2015-2027 (USD Billion)
    • 8.3. Europe
      • 8.3.1. Europe flexible office market revenue, by offering, 2015-2027 (USD Billion)
      • 8.3.2. Europe flexible office market revenue, by space provider, 2015-2027 (USD Billion)
      • 8.3.3. Europe flexible office market revenue, by vertical, 2015-2027 (USD Billion)
      • 8.3.4. UK
        • 8.3.4.1. UK flexible office market revenue, by offering, 2015-2027 (USD Billion)
        • 8.3.4.2. UK flexible office market revenue, by space provider, 2015-2027 (USD Billion)
        • 8.3.4.3. UK flexible office market revenue, by vertical, 2015-2027 (USD Billion)
      • 8.3.5. Germany
        • 8.3.5.1. Germany flexible office market revenue, by offering, 2015-2027 (USD Billion)
        • 8.3.5.2. Germany flexible office market revenue, by space provider, 2015-2027 (USD Billion)
        • 8.3.5.3. Germany flexible office market revenue, by vertical, 2015-2027 (USD Billion)
      • 8.3.6. France
        • 8.3.6.1. France flexible office market revenue, by offering, 2015-2027 (USD Billion)
        • 8.3.6.2. France flexible office market revenue, by space provider, 2015-2027 (USD Billion)
        • 8.3.6.3. France flexible office market revenue, by vertical, 2015-2027 (USD Billion)
      • 8.3.7. Rest of Europe
        • 8.3.7.1. Rest of Europe flexible office market revenue, by offering, 2015-2027 (USD Billion)
        • 8.3.7.2. Rest of Europe flexible office market revenue, by space provider, 2015-2027 (USD Billion)
        • 8.3.7.3. Rest of Europe flexible office market revenue, by vertical, 2015-2027 (USD Billion)
    • 8.4. Asia Pacific
      • 8.4.1. Asia Pacific flexible office market revenue, by offering, 2015-2027 (USD Billion)
      • 8.4.2. Asia Pacific flexible office market revenue, by space provider, 2015-2027 (USD Billion)
      • 8.4.3. Asia Pacific flexible office market revenue, by vertical, 2015-2027 (USD Billion)
      • 8.4.4. China
        • 8.4.4.1. China flexible office market revenue, by offering, 2015-2027 (USD Billion)
        • 8.4.4.2. China flexible office market revenue, by space provider, 2015-2027 (USD Billion)
        • 8.4.4.3. China flexible office market revenue, by vertical, 2015-2027 (USD Billion)
      • 8.4.5. Japan
        • 8.4.5.1. Japan flexible office market revenue, by offering, 2015-2027 (USD Billion)
        • 8.4.5.2. Japan flexible office market revenue, by space provider, 2015-2027 (USD Billion)
        • 8.4.5.3. Japan flexible office market revenue, by vertical, 2015-2027 (USD Billion)
      • 8.4.6. India
        • 8.4.6.1. India flexible office market revenue, by offering, 2015-2027 (USD Billion)
        • 8.4.6.2. India flexible office market revenue, by space provider, 2015-2027 (USD Billion)
        • 8.4.6.3. India flexible office market revenue, by vertical, 2015-2027 (USD Billion)
      • 8.4.7. Rest of Asia Pacific
        • 8.4.7.1. Rest of Asia Pacific flexible office market revenue, by offering, 2015-2027 (USD Billion)
        • 8.4.7.2. Rest of Asia Pacific flexible office market revenue, by space provider, 2015-2027 (USD Billion)
        • 8.4.7.3. Rest of Asia Pacific flexible office market revenue, by vertical, 2015-2027 (USD Billion)
    • 8.5. Latin America
      • 8.5.1. Latin America flexible office market revenue, by offering, 2015-2027 (USD Billion)
      • 8.5.2. Latin America flexible office market revenue, by space provider, 2015-2027 (USD Billion)
      • 8.5.3. Latin America flexible office market revenue, by vertical, 2015-2027 (USD Billion)
      • 8.5.4. Brazil
        • 8.5.4.1. Brazil flexible office market revenue, by offering, 2015-2027 (USD Billion)
        • 8.5.4.2. Brazil flexible office market revenue, by space provider, 2015-2027 (USD Billion)
        • 8.5.4.3. Brazil flexible office market revenue, by vertical, 2015-2027 (USD Billion)
      • 8.5.5. Rest of Latin America
        • 8.5.5.1. Rest of Latin America flexible office market revenue, by offering, 2015-2027 (USD Billion)
        • 8.5.5.2. Rest of Latin America flexible office market revenue, by space provider, 2015-2027 (USD Billion)
        • 8.5.5.3. Rest of Latin America flexible office market revenue, by vertical, 2015-2027 (USD Billion)
    • 8.6. The Middle East and Africa
      • 8.6.1. The Middle East and Africa flexible office market revenue, by offering, 2015-2027 (USD Billion)
      • 8.6.2. The Middle East and Africa flexible office market revenue, by space provider, 2015-2027 (USD Billion)
      • 8.6.3. The Middle East and Africa flexible office market revenue, by vertical, 2015-2027 (USD Billion)
  •  
  • Chapter 9. Company Profiles
    • 9.1. Alley
      • 9.1.1. Overview
      • 9.1.2. Financials
      • 9.1.3. Product portfolio
      • 9.1.4. Business strategy
      • 9.1.5. Recent developments
    • 9.2. Croissant
      • 9.2.1. Overview
      • 9.2.2. Financials
      • 9.2.3. Product portfolio
      • 9.2.4. Business strategy
      • 9.2.5. Recent developments
    • 9.3. Davinci Virtual
      • 9.3.1. Overview
      • 9.3.2. Financials
      • 9.3.3. Product portfolio
      • 9.3.4. Business strategy
      • 9.3.5. Recent developments
    • 9.4. Greendesk
      • 9.4.1. Overview
      • 9.4.2. Financials
      • 9.4.3. Product portfolio
      • 9.4.4. Business strategy
      • 9.4.5. Recent developments
    • 9.5. Hubble
      • 9.5.1. Overview
      • 9.5.2. Financials
      • 9.5.3. Product portfolio
      • 9.5.4. Business strategy
      • 9.5.5. Recent developments
    • 9.6. Instant
      • 9.6.1. Overview
      • 9.6.2. Financials
      • 9.6.3. Product portfolio
      • 9.6.4. Business strategy
      • 9.6.5. Recent developments
    • 9.7. JustCo
      • 9.7.1. Overview
      • 9.7.2. Financials
      • 9.7.3. Product portfolio
      • 9.7.4. Business strategy
      • 9.7.5. Recent developments
    • 9.8. LiquidSpace
      • 9.8.1. Overview
      • 9.8.2. Financials
      • 9.8.3. Product portfolio
      • 9.8.4. Business strategy
      • 9.8.5. Recent developments
    • 9.9. Office Freedom
      • 9.9.1. Overview
      • 9.9.2. Financials
      • 9.9.3. Product portfolio
      • 9.9.4. Business strategy
      • 9.9.5. Recent developments
    • 9.10. Regus Group
      • 9.10.1. Overview
      • 9.10.2. Financials
      • 9.10.3. Product portfolio
      • 9.10.4. Business strategy
      • 9.10.5. Recent developments
    • 9.11. Serendipity Labs
      • 9.11.1. Overview
      • 9.11.2. Financials
      • 9.11.3. Product portfolio
      • 9.11.4. Business strategy
      • 9.11.5. Recent developments
    • 9.12. Servcorp
      • 9.12.1. Overview
      • 9.12.2. Financials
      • 9.12.3. Product portfolio
      • 9.12.4. Business strategy
      • 9.12.5. Recent developments
    • 9.13. ShareDesk
      • 9.13.1. Overview
      • 9.13.2. Financials
      • 9.13.3. Product portfolio
      • 9.13.4. Business strategy
      • 9.13.5. Recent developments
    • 9.14. TechSpace
      • 9.14.1. Overview
      • 9.14.2. Financials
      • 9.14.3. Product portfolio
      • 9.14.4. Business strategy
      • 9.14.5. Recent developments
    • 9.15. WeWork Companies
      • 9.15.1. Overview
      • 9.15.2. Financials
      • 9.15.3. Product portfolio
      • 9.15.4. Business strategy
      • 9.15.5. Recent developments
    • 9.16. The Office Group
      • 9.16.1. Overview
      • 9.16.2. Financials
      • 9.16.3. Product portfolio
      • 9.16.4. Business strategy
      • 9.16.5. Recent developments

List of Figures 

1. Market Research Process
2. Market Methodology
3. Global flexible office market revenue, 2015–2027 (USD Billion)
4. Porter’s Five Forces Analysis
5. Flexible office market attractiveness analysis, by offering
6. Flexible office market attractiveness analysis, by space provider
7. Flexible office market attractiveness analysis, by vertical
8. Flexible office market attractiveness analysis, by region
9. Company market share analysis, 2018
10. Global flexible office market share by offering, 2018 and 2027
11. Global flexible office market for private offices, 2015–2027 (USD Billion)
12. Global flexible office market for co-working spaces, 2015–2027 (USD Billion)
13. Global flexible office market for virtual offices, 2015–2027 (USD Billion)
14. Global flexible office market for others, 2015–2027 (USD Billion)
15. Global flexible office market share by space provider, 2018 and 2027
16. Global flexible office market for big brands, 2015–2027 (USD Billion)
17. Global flexible office market for independent brands, 2015–2027 (USD Billion)
18. Global flexible office market share by vertical, 2018 and 2027
19. Global flexible office market for IT and telecommunications, 2015–2027 (USD Billion)
20. Global flexible office market for media and entertainment, 2015–2027 (USD Billion)
21. Global flexible office market for retail and consumer goods, 2015–2027 (USD Billion)
22. Global flexible office market for others, 2015–2027 (USD Billion)
23. Global flexible office market revenue share by region, 2018 and 2027
24. North America flexible office market, 2015–2027 (USD Billion)
25. Europe flexible office market, 2015–2027 (USD Billion)
26. Asia Pacific flexible office market, 2015–2027 (USD Billion)
27. Latin America flexible office market, 2015–2027 (USD Billion)
28. The Middle East and Africa flexible office market, 2015–2027 (USD Billion)


List of Tables

1. Flexible office market: Snapshot                                                                                                                        
2. Drivers of the global flexible office market: impact analysis 
3. Restraints of the global flexible office market: impact analysis  
4. North America flexible office market revenue, by offering, 2015–2027 (USD Billion)
5. North America flexible office market revenue, by space provider, 2015–2027 (USD Billion)
6. North America flexible office market revenue, by vertical, 2015–2027 (USD Billion)
7. The U.S. flexible office market revenue, by offering, 2015–2027 (USD Billion)
8. The U.S. flexible office market revenue, by space provider, 2015–2027 (USD Billion)
9. The U.S. flexible office market revenue, by vertical, 2015–2027 (USD Billion)
10. Canada flexible office market revenue, by offering, 2015–2027 (USD Billion)
11. Canada flexible office market revenue, by space provider, 2015–2027 (USD Billion)
12. Canada flexible office market revenue, by vertical, 2015–2027 (USD Billion)
13. Europe flexible office market revenue, by offering, 2015–2027 (USD Billion)
14. Europe flexible office market revenue, by space provider, 2015–2027 (USD Billion)
15. Europe flexible office market revenue, by vertical, 2015–2027 (USD Billion)
16. UK flexible office market revenue, by offering, 2015–2027 (USD Billion)
17. UK flexible office market revenue, by space provider, 2015–2027 (USD Billion)
18. UK flexible office market revenue, by vertical, 2015–2027 (USD Billion)
19. Germany flexible office market revenue, by offering, 2015–2027 (USD Billion)
20. Germany flexible office market revenue, by space provider, 2015–2027 (USD Billion)
21. Germany flexible office market revenue, by vertical, 2015–2027 (USD Billion)
22. France flexible office market revenue, by offering, 2015–2027 (USD Billion)
23. France flexible office market revenue, by space provider, 2015–2027 (USD Billion)
24. France flexible office market revenue, by vertical, 2015–2027 (USD Billion)
25. Rest of Europe flexible office market revenue, by offering, 2015–2027 (USD Billion)
26. Rest of Europe flexible office market revenue, by space provider, 2015–2027 (USD Billion)
27. Rest of Europe flexible office market revenue, by vertical, 2015–2027 (USD Billion)
28. Asia Pacific flexible office market revenue, by offering, 2015–2027 (USD Billion)
29. Asia Pacific flexible office market revenue, by space provider, 2015–2027 (USD Billion)
30. Asia Pacific flexible office market revenue, by vertical, 2015–2027 (USD Billion)
31. China flexible office market revenue, by offering, 2015–2027 (USD Billion)
32. China flexible office market revenue, by space provider, 2015–2027 (USD Billion)
33. China flexible office market revenue, by vertical, 2015–2027 (USD Billion)
34. Japan flexible office market revenue, by offering, 2015–2027 (USD Billion)
35. Japan flexible office market revenue, by space provider, 2015–2027 (USD Billion)
36. Japan flexible office market revenue, by vertical, 2015–2027 (USD Billion)
37. India flexible office market revenue, by offering, 2015–2027 (USD Billion)
38. India flexible office market revenue, by space provider, 2015–2027 (USD Billion)
39. India flexible office market revenue, by vertical, 2015–2027 (USD Billion)
40. Rest of Asia Pacific flexible office market revenue, by offering, 2015–2027 (USD Billion)
41. Rest of Asia Pacific flexible office market revenue, by space provider, 2015–2027 (USD Billion)
42. Rest of Asia Pacific flexible office market revenue, by vertical, 2015–2027 (USD Billion)
43. Latin America flexible office market revenue, by offering, 2015–2027 (USD Billion)
44. Latin America flexible office market revenue, by space provider, 2015–2027 (USD Billion)
45. Latin America flexible office market revenue, by vertical, 2015–2027 (USD Billion)
46. Brazil flexible office market revenue, by offering, 2015–2027 (USD Billion)
47. Brazil flexible office market revenue, by space provider, 2015–2027 (USD Billion)
48. Brazil flexible office market revenue, by vertical, 2015–2027 (USD Billion)
49. Rest of Latin America flexible office market revenue, by offering, 2015–2027 (USD Billion)
50. Rest of Latin America flexible office market revenue, by space provider, 2015–2027 (USD Billion)
51. Rest of Latin America flexible office market revenue, by vertical, 2015–2027 (USD Billion)
52. The Middle East and Africa flexible office market revenue, by offering, 2015–2027 (USD Billion)
53. The Middle East and Africa flexible office market revenue, by space provider, 2015–2027 (USD Billion)
54. The Middle East and Africa flexible office market revenue, by vertical, 2015–2027 (USD Billion)

Methodology

Free Analysis

Flexible workspace, also known as shared flexispace or office space, is an alternative solution to traditional offices, which makes the possibility to implement versatile space solutions affordable for companies. These types of office spaces come with basic equipment like desks, phone lines, chairs, etc., which allows employees to work normally from home or telecommute to have a physical office for a few hours on a weekly or monthly basis. Unlike traditional offices, the allocation of space in flexible workspaces is not fixed, thus businesses can maximize their time-efficient solutions and cost like mobile working.

Corporate organizations look for more agile and larger workspaces, which is symptomatic of a global move towards more flexible lease terms. In 2018, the “Space as a Service” model was accountable for some of the major flex deals in London and New York, which also included big brands like Amex, Microsoft, GSK, IBM, Facebook, and Adidas. Additionally, there has been a rise in the number of landlords in the U.S. and Asia that are collaborating with providers and launching their own co-working spaces. This trend is already seen in Europe but is yet to take off. As the demand type is constantly changing and the value of occupiers in these flexible spaces is increasing, leading operators are likely to become more competitive and offer huge discounts in the key regions to gain maximum share of the flexible office market. The forecast suggests that in such a competitive environment, operators will be willing to offer 22% or more discount on the advertised rates to gain maximum share of the flexible office market.

Global Flexible Office Market

The flexible office market is fragmented on the basis of offering into virtual offices, co-working spaces, private offices, and others. By space provider, the flexible office market includes big brands and independent brands. Based on vertical, the flexible office market comprises retail and consumer goods, media and entertainment, IT and telecommunications, and others.

Europe dominated the flexible office market in 2018. However, market rates in the U.S. are by far the most expensive globally. Co-working has quickly invaded the flexible workspace markets in key cities in the U.S., with an average of 38% of space are now labeled as co-working spaces in Los Angeles, New York, San Francisco, and Chicago. Each of these cities has shown high growth rates, i.e., more than 20%, in the past years in spite of their relative maturity when compared to the other global cities. The Asia Pacific flexible office market is likely to show the highest CAGR, as the number of co-working centers and other types of flexible office spaces has grown by 38% in Australia in just five years. The increase in the demand for flexispace from both small- and large-scale businesses is also accelerating the flexible office market in the region.

Some leading players in the flexible office market are Alley, Croissant, Davinci Virtual, Greendesk, Hubble, Instant, JustCo, LiquidSpace, Office Freedom, Regus Group, Serendipity Labs, Servcorp, ShareDesk, TechSpace, WeWork Companies, and The Office Group.

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