Office space rented on short-term, fully-managed contracts from a flex provider.
Lease structure · Global
Office space rented on short-term, fully-managed contracts from a flex provider.
Flex space (WeWork, IWG, Industrious, The Office Group) is rented per seat per month or per office on contracts ranging from one month to 36 months. Includes the lease, the build-out, the furniture, the tech, and the management. Structurally cheaper at small headcounts and short horizons; a traditional lease wins above ~75 seats and ~5 years.
Flex space / coworking is part of the lease structure vocabulary that institutional Class A occupiers, landlords, and advisers use across Global markets. Understanding it correctly affects how you read lease documents, model occupancy economics, and benchmark deal terms across cities. Class A Atlas tracks regional variation alongside the global standard so cross-border occupiers can translate quickly.