Sep 30, 2019
SA flexible office space doubles since 2014
SAN ANTONIO – Local flexible office space has nearly doubled since the end of 2014, growing by more than 300,000 sf by the end of second quarter 2019. The flexible...
SAN ANTONIO – Local flexible office space has nearly doubled since the end of 2014, growing by more than 300,000 sf by the end of second quarter 2019.
The flexible space market makes up 1 percent of the metro’s office market. It has increased by 95,000 sf from last year.
Dallas-Fort Worth is the fifth largest market by square footage with 3.4 million sf of flexible office space.
By 2030, CBRE forecasts U.S. flexible office space will expand up to 600 million sf, or 13 percent of office space. Flexible office space currently occupies 71 million sf, or 1.8 percent of office space in 40 U.S. markets.
The Real Estate Center has more on San Antonio’s office market:
Source: CBRE
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