Page 10 - RC2020-EDGEMagazine_SummerEdition

“Expansion Space,
Flex or Long-Term.”

“Full Floor, No TI,
Available in 30 Days.”

“Short-Term, Small
Space, Ready Now.”

Leasing optionality offers choices to each user: refer to workspaces with shared amenities, a
sense of community, smaller users, and short-term
• For individual users — small, flexible spaces commitments.

• For large prospective tenants — turnkey space,
delivered quickly Post-COVID 19 Needs: Separation & De-Densification
The COVID-19 pandemic has added an immediate,
• For large existing tenants — flex space on demand critical need for separation and “workplace distancing”
to office space use. The trend toward increased density,
The adaptable features of these new services and open workspaces, hot desks, hoteling, and blending of
processes are well-suited for post-COVID needs and social and work spaces ended precipitously. In place
protocols. of proximity and density, employers are focusing on
providing separation and adequate spacing. Even after
Pre-COVID 19 Needs: Flexibility & Space as a Service the current virus, we believe that it will be seen as too
The commercial real estate market was changed risky by employers and/or government regulations to
by the worldwide trend toward on-demand goods maintain the density of today. Asset owners should
and services. Advancements in mobility gave rise to prepare for 200-250 square feet per person to become
a new class of office users that are more agile and the norm.
efficient than traditional competitors, but want more
dynamic work environments than traditional landlords Space Layout & Design: Getting the Mix Right
can provide. This new on-demand Space as a Service In addition to the operational challenges associated with
works for smaller and startup companies, and is now developing new capabilities, Boxer had to address the
a must-have for larger enterprise customers seeking physical and design requirements of providing flexible
marginal flexibility. space. Some considerations related to macro factors, like
the percentage of a property devoted to flexible space,
These trends created a strong market for non-traditional or the minimum viable size of a flexible space. Others
space, variously described as collaborative, creative, concern the design within a given flexible space, and in
co-working, or flexible space. While there are no particular various ratios that determine the usability and
standard definitions for these terms, they generally financial viability of the space.

8