ESG and best-in-class space to increase in importance in flexible offices market

Despite significant headwinds across the global economy, the European flexible office market has remained largely resilient throughout 2023, says Workthere.pl. In 2024, the flexible office specialist expects operators to continue to seek best-in-class spaces with a greater focus on amenities and sustainability offerings.

The competition for talent attraction and retention will continue to support an increased demand for best-in-class space, with more amenities putting pressure on operators to elevate their offerings. To compete and secure tenants, operators are already implementing standards that go over and above gyms, yoga studios, cafés, and outside space, to incorporate amenities resembling those of a five-star hotel such as private chefs and rooftop bars.

“We also observed an increased tenant focus regarding ESG and employee well-being. Companies are encouraging employees to come back to the office, that’s why those aspects are crucial for tenants who are looking for well-located offices with certificates confirming the focus on the environment and sustainability. Corporate and medium-sized companies are confirming the trend where flexibility is crucial for new operations or project spaces for their teams,” Thomas Jodar, Associate Director, Savills, Workthere Project Lead Poland, said.

(WBJ)