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ARTICLE · 17 DECEMBER 2019

Flexible Workplaces - The Proptech Effect

Real estate and flexibility have not traditionally gone hand in hand. Dealings with property have a reputation for being slow moving, time consuming and expensive

United KingdomReal Estate and Construction

Real estate and flexibility have not traditionally gone hand in hand. Dealings with property have a reputation for being slow moving, time consuming and expensive. However, changes in the way we work, enabled by technology, are redefining how we use and interact with real estate. This article will explore how technology is driving the change, and also providing solutions to increased demand for flexibility.

Occupier demand

Occupier demand for flexibility has been evident for a long time in trends for shortening lease terms. In the not-too-distant past occupational leases of 20 years were not uncommon, whereas recent analysis suggests current average lease terms are around 7 years. The need for business agility has been brought in to sharper focus against a backdrop of global economic uncertainty, making medium to long term business planning difficult.

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