Canadian Flexible Workspace and Coworking

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research article

Although flex office and coworking space still represents a small share of overall office occupancy, its footprint is expanding rapidly across Canada.

  • Canadian flex space accounted for 6.6M square feet by the end of 2019, representing 1.1% of national office inventory

  • Since 2017, national flex inventory has grown 59%, totaling 2.4M SF brought to market 

  • The market is dominated by two major players; IWG and WeWork, which represent 51% of national flex inventory 

  • Toronto is the national leader in total flex inventory, representing 40.8% of the Canadian market 

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Canadian Flexible Workspace and Coworking

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Daniel Holmes

Executive Managing Director | Greater Toronto Area

Toronto Downtown

Daniel Holmes is the Executive Managing Director for the Greater Toronto Region, previously serving as the Senior Managing Director of the Office Practice Group. In these progressive leadership roles, he has led sales advisor teams, and overseen operations, recruitment, the Eastern Acceleration Advisor Development Program and strategic business development. Daniel’s track record of deeply understanding advisors and clients’ unique challenges and employing diverse strategies to solve them, combined with his experience building successful advisor teams, will be key in growing our client base and reinforcing Colliers’ preeminence in the GTA office sector.

Daniel began his real estate career with Colliers in 2002 as an office leasing broker and completed more than 500 transactions on behalf of national and international clients. Daniel consistently demonstrated a unique understanding of how to approach each client to exceed their unique needs through a use of diverse strategies. This experience has served as the foundation of his understanding of the industry, as well as the needs of his team, and their clients.

 

 

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