CoreNet Global

Cushman & Wakefield’s New Report Shows Real Estate Leaders Continue to See Value in Coworking

CHICAGO, November 4, 2019 – Cushman & Wakefield (NYSE: CWK), a leading real estate services firm, has released a report that reveals corporate perceptions of the value of flexible workspace and coworking strategies. Cushman & Wakefield partnered with CoreNet Global, a worldwide association of corporate real estate executives, to survey more than 550 key commercial real estate (CRE) executives at organizations around the world. Participants were asked about their general perceptions of the coworking sector, the pros and cons of using coworking, expected impacts on cost, and past and future employee utilization of flexible office spaces. Key findings of the report include: Nearly two-thirds of companies utilize coworking to some degree, and many respondents expect to double their commitment to coworking over the next five years. “The results show that corporate leaders have a generally positive view of coworking and see flexible space as a growing part of their occupancy strategy,” [...]