The Flex Space Revolution is Here

Making flexible
workspace work better
for building owners

Businesses are increasingly seeking flex space in order to stay agile and adapt quickly to changes. But only 13% of occupiers think that traditional landlords have a strong flex offering. The reasons for the gap are clear. The current flex space model is anything but flexible for building owners. As more and more businesses look for short-term leases, owners need a way to offer it on their terms.

TROT is the solution.

Flex space is projected to increase dramatically in the next decade

Percentage of commercial real estate available for flex space

Source: JLL, JLL reveals top markets primed for flexible space growth.; CBRE. How Flex Space Will Thrive in a Hybrid World

TROT helps owners own their flex
offering and stay in control.

TROT offers solutions to the
challenges owners face

Vacancies weighing down‭ ‬balance sheets
Expensive build-outs
Missing out on the flex space‭ premium by leasing to co-working‭ ‬companies at market rates
Renting to co-working companies who‭ ‬rent through a separate entity‮—‬and‭ ‬aren’t impacted by walking away from one space
Bringing on expensive third-party management companies to manage the flex offering

Quickly listing and filling‭ ‬available space
Trotters renting furniture and equipment that leaves when they do
Charging a premium for flex‭ ‬space while remaining competitive‭ ‬with market rates
Renting to businesses whose space is vital to them‭, ‬and who will work harder to stay in it for the terms of the license
Easily managing their own flex offering, maximizing profits for their flex space

Flex space isn’t just for startups anymore.

Nearly 70% of large companies list flexible space among the top three office building amenities that they desire. Flex space enables organizations of all sizes to…

Reduce capital expenditures and shift long-term lease liabilities off their balance sheets
Test new models of working in a changing environment
Enter new markets as talent migrates and location desires shift.

In today’s uncertain market, businesses want to stay nimble. Flex space helps them do that. Source: How Flex Space Will Thrive in a Hybrid World | CBRE

Businesses want to stay agile–and they want their real estate to do the same

67% of commercial real estate decision-makers are increasing workplace mobility programs and incorporating flexible space as a central element of their agile work strategies.

72% of workers who used co-working before the pandemic plan to return to it, while…

55% of remote workers who didn’t use co-working before stated they would consider joining a co-working space as a remote work solution
in the future.

Source: The Future of Coworking Space and Flex Offices | Crexi Insights

The right technology can make life easier for owners and businesses.

Half of tenants would be willing to pay a premium of 20% or above for flex space with tech-driven amenities.

Over 80% of landlords surveyed said that a risk associated with not deploying technology in flex space is missed monetization opportunities from as-a-service business models.

When asked how they would rank the operational benefits of using flex space, the two highest ranked options for business owners were either “ease of reconfiguring existing space to make it flexible” and the “ease of moving into and beginning use of space.” TROT enables Trotters to browse and book spaces instantly, so they can move in and get to work quickly.

Source: A Verdantix Study: Surviving Fast Changing Real Estate Market

Join the flex space revolution