Flexible Space Industry- Regional Synopsis
North-America Market Analysis
The flexible space market in the North America industry is predicted to account for largest revenue share of 30% by 2037. The growth of the market in the region can be attributed to the increased demand for commercial space from local enterprises in secondary and tertiary cities. For instance, the number of commercial buildings in the United States has increased by 5 % from 2012 to 2018. Businesses are deciding to expand into secondary and tertiary cities, a trend that is expected to boost the market significantly. Also, there has been a rise in the number of IT companies in the region that are open for flexible space. In addition, the rapid adoption of flexible work patterns by various organizations in the North America region is further poised to elevate the market’s growth in the region.
Asia Pacific Market Statistics
The flexible space market for flexible offices in Asia Pacific is projected to grow at a compound annual growth rate of over 4% during the forecast period. The Asia Pacific Flexible Office Market has remained strongly active in the last 12 months, albeit against a backdrop of political instability and uncertainties caused by COVID-19. The sector is in good shape to benefit from the shift of office strategies by firms throughout the region, based on recent research.
