Upsuite is back with their latest quarterly insight into the flex industry.

A notable takeaway is that even though Canadian demand (per location) is only at half of pre-pandemic levels, it was up (121%) from Q4. Big winners in shopping activity were Calgary (205%) and Toronto (113%).

Over in the US, overall demand is up, there was a seasonal slowdown in markets like Atlanta (50%), Nashville (45%) and New York (39%). However second tier markets soared with demand up in markets like Seattle (113%), Austin (112%) and Tampa (66%).

They also share a rise in pricing, and a race to open new locations (with NYC showing a 5:1 new:closed ratio).