Tech, Trends, Workspace Views and UltraSoft News
The recent headlines paint a clear picture: demand is rising, hybrid work is maturing, and operators are rethinking how to deliver speed, flexibility, and real ROI. WeWork is opening its first new NYC location since 2019, part of a $100 million global upgrade as foot traffic and bookings rise.
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Industry News
Flexible workspace demand is surging across Europe, the Middle East, and Africa (EMEA), with coworking space now making up 2.4% of the office market—up from 0.7% in 2010. In 2024 alone, 283 new sites opened, while closures dropped 15%. Smaller, localized operators dominate the market, and city centers are regaining popularity.
A staggering 92% of industry pros expect demand for managed offices to rise in 2–3 years, as landlords chase flexibility, faster move-ins, and lower vacancies. The model’s speed and simplicity are reshaping commercial real estate.
Office space leasing across seven major Indian cities hit 17.8M sq. ft. in Q2 (an 11% year-over-year jump) fueled by resilient corporate demand and steady new supply. Six of seven cities saw strong momentum, with Mumbai the only market to slip. Experts say India’s office market is on track to hit 70M sq. ft. by year-end, signaling growing investor confidence despite economic uncertainty.
WeWork is opening its first new NYC location since 2019 at 250 Broadway, occupying five floors in Lower Manhattan. Set to open in December, the premium space aligns with a $100 million global upgrade plan for 2025. The move follows rising local demand, with a 10% increase in bookings and a 6% rise in foot traffic earlier this year.
Tech office leasing jumped 21% to 7.9M sq. ft. in Q1 2025, led by AI-driven demand from firms like Amazon, IBM, and Walmart. Tech now accounts for 16.4% of all U.S. leases, with AI poised to drive 16M sq. ft. in San Francisco alone by 2030—potentially slashing vacancy rates in half.
A new JLL report shows 73% of CRE leaders prioritize portfolio optimization in 2025, surpassing cost reduction. Rising office utilization, better data use, sustainability, and flexible workspace designs are shaping strategies as hybrid work slows.
Flexible offices are driving the market, with London occupancy at 93% and managed space increasing 895% since 2019. Landlords are adopting branded flex models and service-based revenue streams as hybrid work and faster leases boost demand, especially among smaller tenants. Valuations now focus on cash flow, solidifying flex as a mainstream, high-return asset and the new standard in commercial real estate.
The flexible workspace market in the U.S. and Canada is steadily expanding, with demand now 19% above pre-pandemic levels while supply lags at 8%. Companies are committing to larger, longer-term spaces, and demand is surging in suburbs like Miami and Raleigh. Operators are responding by offering more flexible memberships and premium amenities, creating opportunities for those who can provide high-end, in-demand workspaces amid limited supply.Who is UltraSoftBIS?
UltraSoftBIS is an all-in-one software for business centre operators, coworking spaces, and flexible workplaces. It automates key tasks like sales, proposals, license generation, e-signatures, inventory management, reservations, billing, and reporting in a single integrated system.
