That is why flexible workspaces are the best low-cost solution for companies entering a new market.
The overall expense of setting up an entire office internationally averages out to be $10,000 for a single desk in a corporate office.
Flexible workspaces offer the perfect solution for companies where they can enjoy all the amenities of a fully-serviced office, have the chance to scale up and down, and sign flexible lease terms with no long-term commitment.
Expanding internationally is risky especially for startups and SMEs, but flexible offices provide a lower risk option by reducing real estate costs and offering an adaptable work environment.
This rings true for multinational companies as well since flexible offices offer an ideal solution for long or short-term projects.
40% of global demand for flexible workspaces will come from large and corporate companies by the end of the year.
The flexible office trend has become less of a perk and more of a necessity from the workforce, so embracing it also allows businesses to attract a wider variety of international talent.