Jacob Frydman Examines the Impact of Flexible Workspaces on Office Market

Jacob Frydman, a real estate professional with more than 30 years of experience, is one of the leading experts in structuring, financing, and executing complex transactions. He has been involved, either as an investor or adviser, in property deals worth over $2 billion in total. The acclaimed professional shares his industry insights as a speaker and guest lecturer and is frequently invited as a commentator by major television channels such as CNBC, Bloomberg TV, and Fox News. Jacob Frydman is a devoted philanthropist who supports numerous charitable organizations, among them the National Committee for Furtherance of Jewish Education (NCFJE), The Brem Foundation, and The Chabad of Duchess County.

One of the most notable changes in today’s business environment is the rise of remote working, with technology enabling a level of mobility few could have imagined only a decade ago. The “gig economy,” a term coined to describe the explosion of independent contracting, has helped to popularize the concept of co-working spaces, igniting corporate interest in the hybrid solution known as flexible workspaces. The latest annual report from The Instant Group cites the United States as the world’s leading flex space market, with a supply estimated at 80 million square feet. Having delivered “sensational growth” in 2017, this segment is forecast to continue in the same vein, which inevitably poses the question of how the trend will impact the overall office market. Now that the shock of disruption has receded, both suppliers and tenants are starting to focus on the benefits while also acknowledging that the change in working styles requires of the environment to evolve, notes Jacob Frydman, a prominent real estate expert and consultant based in New York.

Jacob Frydman – CEO & Chairman – United Realty Advisors, LP – LinkedIn: https://www.linkedin.com/in/jacobfrydman

Jacob Frydman – Huffington Post: http://www.huffingtonpost.com/author/jacob-frydman