South African fintech company Yoco partnered with workspace experts Workshop17 to create a tailored office environment rather than committing to traditional leases. The custom-designed 20 Kloof workspace in Cape Town embodies Yoco's values while allowing them to focus on their core business instead of facility management. This partnership provides Yoco with flexibility for expansion across multiple cities while offering employees an inspiring work environment that boosts productivity, collaboration, and talent retention.

It's not news that coworking and flexible workspace operators are partnering with building owners, rather than signing leases. But, another trend we're continuing to see is another form of partnership where occupiers sign for private, dedicated space (beyond just an individual office) that is designed and managed by the operator.