As your commercial mortgage broker Toronto, we are always watching the numbers and following the trends. Recently flex/shared office space came onto our radar. In a nutshell, these are co-working environments that are collaborative with open spaces and shared workstations.
They matter because they aren’t traditional and attract the Millennial generation. Looking at the numbers, recent reports say Canada has increased flex office space by 59% over the last several years. However, there’s still a lot of work that needs to be done.
There are some big players in the industry like WeWork.
Here’s a few things that you should be looking for if you’re in the market to purchase a building for this purpose.
- The place needs to have a certain kind of energy. We can help you with the terms and amortization as your commercial mortgage broker in Toronto. However, your design should include vibrant textures, patterns and colors to create an attractive atmosphere.
- Cubicles have their place, but the flex/shared office space is more about open floor plans. If there is a need for privacy, consider one person booths.
- If you are a startup, consider renting office equipment at first rather than buying. For the flex space, look for flexible leasing terms. This will allow you to scale up or down as need be.
There are a range of benefits to this new office structure. For the modern workforce, well-being and comfort are tied together with productivity.
OMJ Mortgage Capital is a mortgage broker that can get you the results you need. We have literally decades of experience and a reputation as one of the leading companies in Toronto and the GTA.
Why not let us help you find the right space so you can put together a flex shared office space? We are the commercial mortgage broker in Toronto with creative and customized solutions.
