Flexible office spaces to stay post-pandemic – JLL
Businesses are expected to rent more flexible office spaces as they continue to downsize their on-site operations, said JLL Property Services (Malaysia) Sdn. Bhd Country Head YY Lau.
In an email interview, Lau disclosed that tenants are starting to look for more “short-term, flexible and move-in-ready options”.
Pre-pandemic, flexible spaces are often used as temporary offices by businesses while waiting for their new facilities to be ready. Lau noted that “several sectors have remained active throughout the pandemic, such as the e-commerce, cloud computing, logistics, and pharmaceutical sectors.”
She added that these organizations have been actively acquiring new offices — either traditional or co-working spaces.
The international sentiment is similar, she said, adding that the flexibility of hybrid and work-from-home models “appear to be promising elements of long-term corporate real estate strategies.”
Lau added that as the demand for flexible lease terms rises, tenants are requesting expansion, contraction, and termination options and favor short-duration commitments with their landlords.
