According to the analysis, although New York already ranks number one in terms of the amount of flex space
inventory across the country--16 million s/f in total--there are several factors that make the market primed for continued growth.
However, demand is growing for smaller industrial space, and flex space
in particular, said Polt, a demand that J.G.
Pete Harper, Cameron Yost and Reid Davis of Lee & Associates Charleston represented the landlord, RCB Development, in the lease of 3,000 square feet of flex space
at 1856 Belgrade Ave.
Each month, it rotates classes ranging from Bootcamp classes in its fitness center, Pilates in its flex space
and yoga by the pool.
Supply remains extremely constrained in the market, with only 219,500 square feet of warehouse and distribution space under construction and zero flex space
. According to figures from Bergin, the vacancy rate for single-story flex space
, like the Red Branch Road Property, is7.2 percent in the Columbia North area.
The newly created Workspace Property Trust is a vertically integrated, full service commercial real estate company specializing in the development, management and operation of office and flex space
in the Northeast corridor.
An additional five-acre parcel on site has been permitted to build up to 66 flex space
units with the opportunity to build to suit.
Occupancy of flex space
, which may be used for research and development and other uses, increased 4 percent over the year.
As the fog surrounding office buildings, retail stores, and other commercial properties gradually clears, one question often remains clouded for many property managers: Does my flex space
need to comply with the ADA?
Tracked in the statistical base are speculative office buildings and flex space
buildings in excess of 10,000 square feet.
In the event that the economy was to take a downturn, experts say that tenants leasing flex space
could be first to drop off the map.