Upflex x Cherre: Better Flex Space Data to Help Landlords Future-proof Their Businesses
Christophe Garnier
CEO & Co-Founder at Upflex - Impact Entrepreneur - Making hybrid work the new standard for everyone while reducing employer's carbon emissions
Data helps us see into the future and make the right choices. As the world of work continues to become flex and hybrid, owners and occupiers around the globe need to react fast in order to adapt to their new tenants’ needs and boost their buildings’ value. The key to future-proofing their business? Easy access to the right data. That’s why Upflex is partnering with Cherre —?the real estate industry's leading data management platform — and giving landlords the ability to unlock the power of Upflex’s global workspace data.
For office space owners and operators, it’s an uncertain future. This year alone, leases will turn over on more than?110 million square feet of office space. In 2025, another 105 million square feet of space is expected to turn over. That’s a lot of new tenants to find. And yet, the office vacancy rate in key markets is continuing to rise .
One point of optimism for innovative owners and operators: the flex market. Workers are still pushing for hybrid and flexible work arrangements, and office tenants are looking to optimize their portfolios: In fact, 62% of office occupiers say they are either executing or exploring new strategies with their office landlords (CBRE ).?
As a result, the popularity of flex office space is growing, globally . While those vacancy rates for traditional office space tick upwards, coworking space is one of the few office resources where demand is on the rise (Colliers International ).?Some 30% of all office space is predicted to be flex or shared by 2030 (JLL ). And based on data analysis from over 50 countries, one 2024 global coworking report predicted market growth from $7.97 billion in 2020 to $13.03 billion by 2025. For landlords who are able to make flex a part of their strategy and meet this growing segment of tenant demand, that’s a lot of opportunity.?
But we’re talking about big decisions — and large-scale real estate assets. In times like these, data collection is essential, and data connection is what can really help real estate decision makers see into the future. This week, Upflex is announcing a partnership with AI-powered CRE data platform Cherre, bringing its global hybrid workspace data into Cherre’s CRE data ecosystem. This breadth and depth of workspace data, and the ease of pulling insights with Cherre’s technology, can really power change for smarter, more future-ready business decisions.
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As we’re watching employers downsize their long-term leases, and commit to more nimble flex workplace transition to flex in order to keep up with these fast-moving and influential trends, these Upflex x Cherre indices can help them, step by step:
Purchasing access to Upflex x Cherre data will also allow clients to integrate Upflex’s usage, pricing, demand indices, and integrating funding pool information into Cherre, providing deeper insights into flex space trends.
The time is now for landlords to think creatively and bring their business models and portfolios into this new era of work. We’re working hard to make the right tools available, continuing to more deeply connect the key players in this ecosystem of real estate brokers, owners and operators, employers and employees, for a more flexible, more sustainable way of working.
Christophe, thanks for sharing!
Wow, this partnership sounds like a game-changer for the industry! ?? What specific insights do you think will have the biggest impact on CRE decision-makers?
Freelance Writer
4 个月"30% of all office space is predicted to be flex or shared by 2030" ?? Man, this industry is changing FAST. Yes to making this data USEFUL!