Why Flexible Office Spaces Are in Demand
Companies do not want a long-term real estate commitment these days, so are experimenting with flexible office spaces instead.
Knotel CEO Amol Sarva says his company is capitalizing on the trend.
“We started this year with 100,000 [square] feet, we’ll finish with 700, and next year there will be several million square feet that we manage for owners,” Sarva said.
Sarva, a co-founder of Virgin Mobile, says long-term leases offer a brittle partnership. A sometimes-unstable real estate market can put companies in a bind, so renters are looking to shared office space providers like his, that offer flexible leases....