CBRE acquires 35% interest in flex office provider Industrious

The vote of confidence in the co-working space industry continues. The latest example comes courtesy of commercial real estate services and investment firm CBRE who acquired 35% interest in flexible workspace provider Industrious this week. The purchase makes CBRE Industrious’ largest shareholder. The real estate firm is expected to acquire another 5% in the flexible office space provider in the coming weeks to bring its stake up to 40%.

CBRE’s investment in Industrious is a sign the company is looking at the future of the co-working industry, rather than its present. Many companies are working from home these days due to the COVID-19 pandemic, but when tenants do return to offices, they’ll likely want the lease flexibility a company like Industrious provides—at least that’s what companies like CBRE are counting on. CBRE’s recent surveys show that 86% of its occupier clients, including many of the world’s largest global corporations, plan to add flexible office space to their real estate strategies. Meanwhile 82% will lean towards buildings that offer a flexible office environment....
   ...more

Notes: