Justin Raymond, Founder & CEO of Flexday, points out that teams of 10 or more consistently need fully private spaces with breakout areas, open workstations, and a kitchen for the day.

Most cities don’t have a ready product for this, so teams keep solving it from scratch every time. It’s a real gap that doesn’t fit neatly into existing categories like meeting rooms or event spaces.

Seem the list of industry experts who openly shared their insights, warnings, pro-tips and lessons learned in our first 3,800+ word Undercurrent deep-dive?

They are: Antonette Benting from Workshop17, Kane Willmott from iQ Offices, Chris Edwards from The Flexi Group, Jerome Chang from BLANKSPACES, Justin Raymond from Flexday, Danielle Schindler from Engel & Völkers Work Edition, Jon Dweck from Space32, Amina Moreau from radious, Henry Burn from Hubble, Jocelyn Vincent from Landmark and Rafi Sands from Tandem. With thanks to Anne Olsen from The Shop Workspace and Kerry Charlick from Think Tank Cowork for helping with the proof reading

The first edition lands exclusively in the inboxes of TWIC email subscribers on Monday June 17th 2024. And the trend? Fractional Offices – friend or foe for coworking spaces?

Justin Raymond from Flexday shares that (finally) more and more landlords and operators are leaning into fractional offices, having been one of the early pioneers of the category with Flexday Suites back in June 2022.

"Examples include Oxford Properties and their OxWorx initiative, MRP in DC and their HeyDay product, Tram Developments working with Cushman & Wakefield brokers to market fractional offerings and even iQ Offices and their new Sprint Spaces – now available though Flexday."

In another fractional office play, Justin Raymond and Flexday share that they’ve made it easier for teams to find and book day-offices (or what they call Flexday Suites).

The pay-now or lease checkout is interesting, but as mentioned elsewhere in this newsletter, don’t sleep on fractional offices.

Justin Raymond shares that after meeting 25+ office landlords, some are certainly entering their ‘Blockbuster’ moment, relying on what has always worked and hoping it will start working again. Others, he shares, are way ahead of the pack and exploring how to thrive in what comes next.