Valuation of flexible workspace – putting a price tag on buildings occupied by serviced offices
Flexible workspace occupies more than 5% of the office market, but there is still no established way of calculating the value of a building containing operators, whether they occupy just a couple of floors or the whole asset. Also an emerging issue where operators set up an SPV and, if the office isn’t performing for them, they can dissolve the company which renders the lease null. Do flexible office providers need to be stabilised as tenants and how can this be done?
Douglas created GKRE in 2013 and today specialises in the Mergers and Acquisitions sector of the industry. He has been providing in depth knowledge and experience in the flexible workspace market for more than 15 years. Douglas has acquired over 500,000 sq. ft of office space throughout the UK and has to date sold over 75 business centre premises as part of both group and individual sales. He remains one of the few specialists in this arena.