#Flex type property plus#

With a flex space building, youвЂ™re only renting the areas you actually need. One especially important method of how flex space is changing commercial real estate is the way leases work. Unfortunately, flex spaces donвЂ™t have a security guard to monitor the building and prevent these instances from happening, whereas conventional office buildings often do. Because of the easy accessibility on the ground floor, there is potential for burglars to look at a flex space building with its laptops and other technology as a вЂњsmash and grabвЂќ job. Most flex space buildings, while equipped with their own parking spaces, donвЂ™t come equipped with their own parking garage, which can make it a little trickier in the Florida heat. Because flex space buildings are generally one-story, youвЂ™re not likely to get that perfect skyline view you often find on higher floors. These are a couple of disadvantages to using a flex space area: This proves cost-effective for everyone as all the companies split the buildingвЂ™s resources (e.g., the receptionist, custodial services, the night cleaning crew, etc.), saving each of them money as a result.Д®very deal of this nature comes with some sort of downside, although the pros in this case far outweigh the cons when it comes to flex space. Additionally, this comes with the possibility of employees choosing the desk they want to use at the start of the day, although it does mean the area should go through a deep cleaning afterward. On many occasions, multiple companies are leasing certain areas of the building at once, leading to them sharing their workspace with one another.

However, most flex spaces operate as build-to-suit, which enables a tenant to customize their space at a lower cost to fit their needs. With most offices, your designing abilities are limited by what has already been provided, and it can get particularly expensive to remodel.

Not only does this give your warehouse extra shelf space, but it also allows the offices to feel more spacious, creating an environment where noises travel too far to reverberate. Whereas the average officeвЂ™s ceiling is about eight or nine feet high, flex space ceilings typically reach between 12 to 16 feet, but have the capability to reach as high as 24. Clients in this scenario donвЂ™t have to enter through a loading dock to get to the main office. Spaces like these are often found in business parks that not only draw in tenants, but are also very convenient for employees and clients, as the centralized location makes it easy to find and gives employees plenty of places to visit outside of work.

#Flex type property plus#

This allows them to easily communicate with one another and establish an employee culture, plus you donвЂ™t have to cover different leases for multiple spaces! Because the whole space is located on just one floor, you can keep your entire office staff and warehouse personnel under the same roof. Below are just a few examples of the benefits: Utilizing flex space real estate allows you to take on many opportunities to help grow your business however you want. Because these areas are located in industrial buildings, they typically only cover the ground floor but still come with ample benefits to growing your business! The Benefits of Flex Space Typically, flex space provides companies with offices, warehouses, and manufacturing areas all under one roof. They often originate from industrial spaces like warehouses and give the company build-out opportunities to tailor the area to their needs.

More often than not, these are smaller suites grouped together by shared spaces like conference rooms or kitchens. What Is Flex Space?ДЇlex space, short for вЂњflexible space,вЂќ is a form of real estate that gives companies flexible office space on a lease ranging from one month to three years. This is an introduction to the new format and a look at how flex space is changing commercial real estate. This gives business owners the opportunity to customize and expand their space however they see fit, allowing them to use the area for any necessity. Fortunately, a new form of real estate has made its way into the market over the last few years: flex space. At the same time, the companyвЂ™s owners would still want to be ready for that growth to occur. As a company gets started, it takes time to grow into something bigger.