Canadian Flexible Workspace and Coworking

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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

Senior Managing Director, Broker

Toronto Downtown

Dan is now Senior Managing Director, Office Practice Group, Toronto Region. In his previous role as Senior Managing Director of Colliers Toronto North, he led the sales advisor team, as well as oversaw 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 office practice group and client base, and reinforcing our dominance 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.

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