The Value of Flex – Is There a Fair Value Risk for Flexible Office Space?

Over recent years we have seen a rising number of landlords seeking to launch and expand their own flexible office models. In fact, Savills' landlord flex survey identified that over half of landlords who responded are likely to consider using management agreements. Evidence suggests that the relationship between landlords and tenants is maturing, with landlords acknowledging the importance of flex office space in providing choice to existing tenants and adding a layer of amenity and vibrancy to their schemes.  As a result of this increased direct landlord investment and co-investment in flex across their estates, the question of value is becoming more important.