Will Workplace Flexibility Be A Blessing Or A Curse In A Downturn?

Most experts agree that the economic downturn will eventually come, and it is a matter of when and how severe, not if. One thing's for sure: the office leasing world looks very different to what it did a decade ago.

Tenants now demand a host of pricey amenities, and a flood of new construction in New York City has forced landlords to make significant investments in older buildings to stay competitive. What’s more, the leasing landscape has been completely reshaped by the explosive growth of coworking companies and flexible workspace providers.