Charlie Morris shares 8 ways that the capital markets (ie building valuation experts) could start evaluating the Net Operating Income (NOI) of flexible workspaces. They are: Segmented Valuations, Weighted Average Cap Rate, Risk-adjusted Cap Rate, Income Multiplier, Discounted Cash Flow w/ Variable Cap Rates, Operational Value Add, Market Comparison and Hybrid Valuations.

Sam Gamble from ReturnSuite adds another option (the "Top Slice" method ). This is a big topic… I’d look out for an Undercurrents deep-dive on this.

Sam Gamble from ReturnSuite notes that as rental space is a perishable good, potential revenue lost forever and impossible to recapture. Just like airline seats. A great piece that digs into Absorption & Turnover Vacancy, and how landlords think about the tradeoff, vacancy and turnover especially with regards to Spec Suites.

Can the insurance industry offer commercial real estate a path to wider-spread adoption of coworking? Let’s dig into what Catastrophe Bonds are, and how they could help grow coworking adoption.

Caleb Parker, who previously founded and sold Bold coworking brand, is back with his next big flex space idea. The new company, called the Brave Corporation, aims to "reposition assets in high-demand markets with space-as-a-service-led asset management strategies".

Why this matters? Caleb is experienced, has a wide network and the business is advised by familiar names like Nella Pang, Sam Gamble, Dave Cairns, Manuel Conti and Anthony Slumbers. Office portfolios are shifting towards flex, this gives landlords and acquired buildings another route to do so.

Sam Gamble from ReturnSuite is back with another (uber-geeky, and always interesting) take on using Markov Chains to model monthly occupancy rates, number of new members forecasted to join or leave, using just 3 pieces of information.

"A Markov Chain is a mathematical model that helps us understand transitions between different states over time, and in the bond market, it’s used to predict the movement of bond ratings."