What is Flex Space? 5 Benefits for companies and more 2023 | A Guide From Phase Two

Phase Two Team
March 20, 2023

Ever heard the buzzword "flex space" and wondered what it's all about? Well, buckle up, because we're about to unravel the mystery behind this game-changing concept in the world of commercial real estate! We at Phase Two know a thing or two about flex spaces as we specialize in crafting areas that ooze versatility, with adjustable terms, prices, work modes, and layouts. So let's flex your imagination, as we explore the world of "Flex Space" – a playground for modern buildings growing out of their industrial cocoon.

A Brief History of Office Space Design

Once upon a time, after the dark cubicle-infested era of the 80s and 90s, the exciting concept of flex space began to take form. Think of it as the charming and flexible cousin of the 1930s open-plan working space, which Frank Lloyd Wright breathed life into with his iconic design for The Johnson Wax Company in 1939.Flex space has come quite a long way taking notes from its open-plan predecessor and blossoming into the coworking and flexible workplaces we know and love today.

If you want to learn all about the history of office spaces we have a fun blog for you: HERE

So What is Flex Space...Really?

At its core flex represents flexibility in design, format, zoning, and technology. At Phase Two we also view 'flex' to also mean flexible terms, rates, footprint and space utility for our members. Flex Space adopts from the spirit of up-cycling and is mostly found in industrial or office areas. In commercial real estate, flex space is often considered a mixed-zoning building. They often have a wide or blended mixture of uses - everything from humble warehouses to chic office spaces to retail.

Flex Space:
  • Makes use of mixed-use CRE zoning
  • Helps refurbish spaces that are neglected
  • Becomes cultural centers for commerce and community
  • Is often coworking related in nature

5 Benefits of Coworking Flex Spaces for Businesses

  1. Cost-effective
    One of the primary benefits of coworking flex spaces is that they are cost-effective. This is because flex spaces typically charge by the hour, day, or month, rather than requiring a long-term lease. At Phase Two we offer monthly memberships for open-plan hot desks and private offices, for instance. This makes them an ideal option for businesses that are looking to save money on office space.
  2. Flexible Nature
    Another benefit of coworking flex spaces is that they are flexible with their terms, footprint, and use. This means that businesses can use them for as long or as short as they need and you can scale your footprint up or down based on your needs. This is ideal for businesses that are looking for a temporary office space or for businesses that are expanding and need to find a larger space.
  3. Social Hubs
    Coworking flex spaces are often social hubs. This is because flex spaces typically provide a shared workspace for businesses and individual professionals. At Phase Two we often run events for our extended community and with events partners that all members are generally allowed to attend. This can be beneficial for businesses as it can help to create a sense of community and collaboration.
  4. Increased Productivity
    One of the benefits of coworking flex spaces is that they can help to increase productivity. A study conducted by Harvard Business School found that employees who worked in coworking flex spaces were more productive than those who worked in traditional offices. The study found that the increased productivity was due to the fact that employees had more control over their work environment and felt more comfortable working in a shared space.
  5. Improved Collaboration
    Another benefit of coworking flex spaces is that they can improve collaboration among employees. In a traditional office, employees are often siloed off into their own cubicles or offices, which can make it difficult to collaborate with others. However, in a coworking flex space, employees are typically seated in an open area or collaborative private setting, which makes it easier for them to ideate and work with one another. At Phase Two, we have a blend of private and collaborative spaces ranging from personal or team offices, phone call booths, breakout rooms, and meeting rooms. If you want some fresh air there is plenty of that and sunshine out on our garden patio.

In Conclusion

In short, the concept of flex space coworking is only becoming more prevalent, and with it comes a variety of changes to how we approach our jobs from the office. Whether you are looking to meet a new client or take time away from the hustle and bustle of your usual workspace, these remote work opportunities can provide an excellent way to find new inspiration and stay energized in an ever-evolving business environment. But no matter what type of space suits your needs best, having this flexibility is essential for success in today's society.

So why not give it a try? And if you're ready to jump into a flex workspace membership, take a tour of Phase Two - we can help you make all your flexible workplace plan, a reality!

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