These shared offices provide an easy way to operate for many professionals without the additional overhead costs, and have been a thorn in the side of traditional office space property managers since their inception. While these co-working spaces are on the rise, traditional office space property managers can do their part to make their office areas just as attractive and beneficial to professionals by taking a look at the amenities and services co-working areas provide. With a little effort and ingenuity, they can compete side-by-side with co-working spaces to attract clients looking to rent an office of their own. For ideas on how these traditional office space property managers can make a difference in the market, nine members of Forbes Real Estate Council shared several ways to compete with the new wave of co-working facilities. Offer Flexible Lease Terms On Entire FloorsThere is an opportunity for traditional office property managers to offer shorter term/flexible lease terms on entire floors, which are furnished to a high, creative standard.

Source: Forbes March 08, 2018 12:22 UTC