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While continued turbulence in the coming months will inevitably cause considerable short term pain, CBRE’s conversations with Fortune 100 occupiers indicate that the flexible space sector’s long term fundamentals remain sound. This is due to a variety of structural shifts including a more fluid workforce, alternative options for expansion/contraction, fit-out cost avoidance, workplace de-densification and risk mitigation strategies.
Keywords: CBRE. Flexible Workspace, Corporate Real Estate, Lease Management, Metrics, Occupancy
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