Office Space Demand
Demand for office space is shifting toward flexible layouts, transit-accessible locations, and hybrid work solutions
- Corporate tenants are downsizing footprints but upgrading to higher-quality, collaborative environments
- The strongest demand is in Class A buildings with wellness certifications and tech-enabled infrastructure
- Proximity to urban cores or TOD hubs drives leasing for professional and government services
- Co-working and enterprise flex-office operators are expanding in tier-2 cities and mixed-use zones
Flex Space Demand (Office + Light Industrial)
Flex spaces appeal to businesses needing office, warehouse, and light assembly in one location
- Popular among small logistics, medical tech, e-commerce, and creative firms
- Ground-level loading with front-facing office is highly desirable
- Flex units in the 3,000–10,000 sq ft range are in high demand in industrial corridors
- Tenants prioritize adaptability, clear ceiling heights (14–18 ft), and energy-efficient design
Light Industrial Space Demand
Robust growth in e-commerce, last-mile delivery, and manufacturing supports light industrial absorption
- High demand for small-bay (5,000–25,000 sq ft) distribution and fabrication spaces
- Users seek close proximity to highways, labor markets, and urban consumption zones
- Shallow bay depth and multi-tenant layouts allow for flexible tenant mix
- Increasing need for EV fleet charging, solar-ready roofs, and dock-high loading
Sector-Specific Tenant Drivers
Certain industries consistently seek space across all three formats due to evolving operational needs
- Technology and R&D firms look for flex or office/light industrial hybrids
- Health care and life sciences prioritize office-flex near hospitals and universities
- Logistics, automotive, and agri-tech sectors drive demand in business parks and suburban edges
- Startups and SMEs prefer short leases, modular interiors, and ready-to-use infrastructure
