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Flexible Space Market Segmentation by Type {Flexible Office Space (Office Type, Room Service, and End-Use Vertical) and Flexible Warehouse Space (Business Model, Component, Infrastructure, Function and Warehouse Type)} – Global Demand Analysis & Opportunity Outlook 2019-2028

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Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

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  • April 19, 2021: WeWork Companies LLC announced that it has signed an agreement with one of the leading real estate companies in Israel, Ampa Group. The deal would allow WeWork to expand its operations in Israel.

  • November 24, 2020: Jones Lang LaSalle, IP, Inc. announced that it has signed a Vested agreement with bp to transform its workplaces globally. JLL has been associated with bp for over a decade, and the deal would allow JLL to meet the Net Zero Carbon ambitions of the latter.

Flexible Space Market Highlights Over 2019 - 2028

The global flexible space market is estimated to garner a significant revenue of USD 41,069 Million by the end of 2028 from USD 27,860 Million in 2019, by growing at a notable CAGR of 16.76% over the forecast period, i.e., 2020 – 2028. The growth of the market can be attributed to the growing demand for gig workers across organizations worldwide, backed by the increasing emergence of start-up companies, along with the rising need amongst organizations to expand their business operations beyond their local geographies. Moreover, the growing number of establishments worldwide, along with the focus of the governments of nations to promote ease of business, are also anticipated to contribute to the market growth. According to the statistics by the United States Census Bureau, the total number of firms in the United States grew from 5,734,538 in 2010 to 5,996,900 in 2017. Additionally, the total number of establishments grew from 7,396,628 to 7,860, 674, and employment in the nation grew from 111,970,095 to 128,591,812 in the same period.

Total Number of Firms Graph

Additionally, increasing trends of space-as-a-service business models, along with the increasing expansion of the e-commerce industry, are some of the significant factors anticipated to drive the market growth during the forecast period. The share of online retail sales out of the total retail sales around the world, owing to the COVID-19 pandemic, grew close to 20% in the year 2020. Moreover, the e-commerce sales around the world grew by around 4% to reach a value of USD 27 Trillion approximately in the year 2019 from 2018. The global flexible space market is further anticipated to cross USD 15,000 Million by the end of 2021.CLICK TO DOWNLOAD SAMPLE REPORT

Flexible Space Market Graph

Global Flexible Space Market Regional Synopsis

Regionally, the global flexible space market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the North America region is estimated to witness the highest market share of 34.10% and attain a market revenue of USD 14005 Million by the end of 2028 primarily on the back of growing demand for commercial spaces from businesses in secondary and tertiary cities in the region. Owing to the growing commercial property prices in major metropolitan cities across the region, along with the rising need to lower the commutation time of the employees, businesses are opting for the expansion of their businesses to the secondary and tertiary cities. The commercial property price index value in the U.S. grew from around 130 in the first quarter of 2014 to around 185 in the fourth quarter of 2019. On the other hand, according to the American Community Survey of the United States Census Bureau, reported that in the year 2019, the average one-way commute in the U.S. increased to a new high of 27.6 minutes. The data also reported the average travel time to work for workers over 16 years and those who did not work from home in some of the major metropolitan areas, such as New York-Newark-Jersey City, Los Angeles-Long Beach-Anaheim, Chicago-Naperville-Elgin, Dallas-Fort Worth-Arlington, and Houston-The Woodlands-Sugar Land, among others to be 37.7minutes, 31.7 minutes, 32.4 minutes, 28.6 minutes, and 30.7 minutes respectively.

Travel Time to Work Graph

The study further incorporates Y-O-Y Growth, market opportunities, demand & supply and forecast future opportunity in North America (United States, Canada, Mexico), South America, Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX [Belgium, Netherlands, Luxembourg], NORDIC [Norway, Denmark, Sweden, Finland], Poland, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa).

Growth Drivers and Challenges Impacting the Growth of the Global Flexible Space Market

Growth Drivers

  • Increasing Number of Firms and Establishments
  • Rising Trends of ‘Space-as-a-Service’ Model


  • Growing Preferences for Remote Working
  • Operational Challenges Associated with Flexible Space

Global Flexible Space Market Segmentation Synopsis

The global flexible space market is segmented by type into flexible office space and flexible warehouse space. Out of these, the flexible office space segment is anticipated to hold the largest market share and further attain a revenue of USD 38150 Million by the end of 2028. The segment is further divided into office type, room service and end-user vertical. The virtual office segment, under the office type segment is further projected to hold the largest market share and reach a market value of USD 4271 Million by the end of 2021. Based on room type, the market is divided into meeting/conference room, training room, common space, deposition room, and others, out of which, the common space segment is anticipated to grow with a significant CAGR throughout the forecast period.

Key Companies Dominating the Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global flexible space market for flexible office space that are included in our report are WeWork Companies LLC, Jones Lang LaSalle, IP, Inc., IWG plc, Colliers International Property Consultants, Inc., Deskpass Corporation, LiquidSpace, Inc., Davinci Virtual, LLC, JustCo Management Pte. Ltd., Techspace, and others. The report also includes details of the prominent industry leaders in the market for flexible warehouse, which include Cubework, STORD, Inc., Ware2Go Inc., Flowspace, Inc., Stowga (Warehousio Ltd.), Clutter, Inc., FLEXE, Inc., and others.

Key Reasons to Buy Our Report

  • The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.
  • It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.
  • The report includes detailed company profiles of the major players dominating the market.
  • We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.
  • We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.


  1. Introduction
    1. Market Definition
    2. Market Segmentation
    3. Product overview
  2. Research Methodology
    1. Research process
    2. Primary research
      1. Service providers
      2. End-users
    3. Secondary research
    4. Market size estimation
  3. Executive Summary- Global Flexible Space Market
  4. Analysis of Market Dynamics
    1. Growth drivers  
    2. Market trends
    3. Growth opportunities
    4. Restraints
  5. Regulatory & Standards Landscape
  6. Impact of COVID-19 on the Flexible Space Market
    1. Impact on the overall market
    2. Impact on the demand
    3. Impact on the end-user spending
    4. Impact on the key market players
    5. Impact on overall price trend
  7. Vendor Analysis
  8. Comparative Analysis
  9. Analysis on the Subscription Model
  10. Assessment on service providers
    1. Global service providers
    2. Regional service providers  
  11. Investment Opportunity Analysis
    1. CAPEX 
    2. OPEX 
    3. Greenfield vs brownfield investment opportunities
  12. Competitive Structure for Flexible Office
  13. Competitive Structure for Flexible Warehouse
  14. Global Flexible Space Market Outlook
    1. By value (USD Million)
  15. Global Flexible Space Market Segmentation Analysis 2019-2028
    1. By type
      1. Flexible Office Market Segmentation Analysis
        1. By office type
          1. Serviced office, 2019-2028F (USD Million)
          2. Virtual office, 2019-2028F (USD Million)
          3. Managed office, 2019-2028F (USD Million)
          4. Co-working, 2019-2028F (USD Million)
          5. Remote office, 2019-2028F (USD Million)
          6. Others, 2019-2028F (USD Million)
        2. By room service
          1. Meeting/Conference room, 2019-2028F (USD Million)
          2. Training room, 2019-2028F (USD Million)
          3. Common space, 2019-2028F (USD Million)
          4. Deposition room, 2019-2028F (USD Million)
          5. Others, 2019-2028F (USD Million)
        3. By end-use vertical
          1. IT & telecommunication, 2019-2028F (USD Million)
          2. Media & entertainment, 2019-2028F (USD Million)
          3. Retail & consumer goods, 2019-2028F (USD Million)
          4. Others, 2019-2028F (USD Million)
      2. Flexible Warehouse Market Segmentation Analysis
        1. By business model
          1. Seasonal storage, 2019-2028F (USD Million)
          2. Customized plans, 2019-2028F (USD Million)
        2. By component
          1. Solution, 2019-2028F (USD Million)
          2. Services, 2019-2028F (USD Million)
            1. Deployment, 2019-2028F (USD Million)
            2. Integration & implementation, 2019-2028F (USD Million)
            3. Maintenance, 2019-2028F (USD Million)
        3. By warehouse type
          1. General warehouse, 2019-2028F (USD Million)
          2. Specialized warehouse, 2019-2028F (USD Million)
        4. By infrastructure
          1. Single-story, 2019-2028F (USD Million)
          2. Multi-story, 2019-2028F (USD Million)
        5. By function
          1. E-commerce fulfillment, 2019-2028F (USD Million), 2019-2028F (USD Million)
          2. Retail distribution, 2019-2028F (USD Million)
          3. Inventory management, 2019-2028F (USD Million)
            1. Industrial, 2019-2028F (USD Million)
            2. Agricultural, 2019-2028F (USD Million)
    2. Global Flexible Space Market, By Region, 2019-2028 (USD Million)
      1. North America, 2019-2028F (USD Million)
      2. Latin America, 2019-2028F (USD Million)
      3. Europe, 2019-2028F (USD Million)
      4. Asia Pacific, 2019-2028F (USD Million)
      5. Middle East & Africa, 2019-2028F (USD Million)

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