Canadian Flexible Workspace and Coworking

by | 28 February 2020

The Canada research publication on flexible workspace and coworking is now available for download and distribution. This report helps office occupiers and investors better understand the growth of flexible office inventory, cost assessment, the volume and characteristics of flexible workspace in leading markets, leasing models and motivation and drawbacks for choosing flexible workspace over traditional office.

Although flex office and coworking space still represents a small share of overall office occupancy, its footprint is expanding rapidly across Canada.

KEY TAKEAWAYS:

  • Canadian flex space accounted for 6.6 million square feet by the end of 2019, representing 1.1% of national office inventory
  • Since 2017, national flex inventory has grown 59%, totaling 2.4 million square feet brought to market
  • The market is dominated by two major players; IWG and WeWork, which represent 51% of national flex inventory
  • Toronto is the national leader in total flex inventory, representing 40.8% of the Canadian market

Click here to download the full Canadian Flexible Workspace and Coworking Report.

If you would like to discuss more about this dynamic sector, please contact our expert in the Americas.

About the Author

Francesco De Camilli leads Colliers’ Flexible Workplace Consulting for Occupier Services in the Americas by providing multi-market advisory on flex solutions in one of the fastest growing industry sectors in commercial real estate. As an expert, he helps drive enterprising solutions for Colliers clients, as well as builds relationships with operators on a national platform level.