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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

President, Brokerage Services Canada

Toronto Downtown

Daniel Holmes is the President, Brokerage Services Canada, overseeing the national brokerage business and operations support for Office, Industrial, Retail, Investment Sales, Debt and Hotels. Dan is a champion for clients, his people and the industry, accelerating success through advocacy, investing in relationships, and support. 
 
As a leader at one of the most trusted global brands in commercial real estate, Dan implements strategies to advance and mentor Colliers’ employees. He tracks the insights, factual data, market trends and projections that drive real value in commercial real estate. Dan empowers advisors and clients to make informed decisions based on Colliers’ integrated services. He excels at building teams and culture, balancing healthy competition, action orientation, personal accountability, enterprising spirit, and camaraderie. 

Dan began his career in real estate at Colliers as a Research Assistant, quickly transitioning to sales where he built his industry experiences and network over 11 years before moving on to a leadership role externally. After returning to Colliers, he held progressive leadership roles including Senior Managing Director, Office Practice Group, and Executive Managing Director, Greater Toronto Area where he led leaders and sales advisor teams, oversaw operations, recruitment, the Eastern Acceleration Advisor Development Program, and strategic business development. 

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