Corporate America Grips Tools In Flex Space Adoption

NEW YORK CITY – What is known as the WeWork phenomenon, where companies have essentially adopted flex space and layered on amenity offerings, has become far-reaching, beyond start-ups to corporate America, Michael Beckerman, CEO of CREtech, a global real estate tech-focused media, event and advisory platform, tells GlobeSt.com.

Co-working companies have served as a model for corporate firms, who desire to offer flex office space to their workforce that spans different cities and countries, according to Beckerman. “The WeWork phenomenon has brought so much attention to co-working and gave corporate America comfort tools to adopt flex-space,” he said.

These companies are leasing up square footage in office buildings outside or their headquartered market to accommodate their remote and mobile workers, and are launching their own version to backfill dead space.