{"id":3000023188,"date":"2020-11-09T12:57:43","date_gmt":"2020-11-09T17:57:43","guid":{"rendered":"https:\/\/www.wework.com\/ideas\/?p=3000023188"},"modified":"2020-11-09T17:00:06","modified_gmt":"2020-11-09T22:00:06","slug":"how-to-build-a-flexible-real-estate-portfolio-of-the-future","status":"publish","type":"post","link":"https:\/\/www.wework.com\/ideas\/research-insights\/expert-insights\/how-to-build-a-flexible-real-estate-portfolio-of-the-future","title":{"rendered":"How to build a flexible real estate portfolio of the future"},"content":{"rendered":"<div class=\"toc\"><div class=\"toc-title ray-text--monospace\">IN THIS STORY<\/div><a class=\"toc-item\" href=\"#business-challenges-are-more-acute-due-to-the-pandemic\">Business challenges are more acute due to the pandemic<\/a><a class=\"toc-item\" href=\"#a-new-solution-to-business-challenges\">A new solution to business challenges<\/a><a class=\"toc-item\" href=\"#real-estate-of-the-future\">Real estate of the future<\/a><a class=\"toc-item\" href=\"#how-businesses-can-successfully-rebuild-their-portfolios\">How businesses can successfully rebuild their portfolios<\/a><\/div><!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\">\n<html><body><p>The global pandemic has accelerated a structural change happening in the <a href=\"https:\/\/www.wework.com\/ideas\/office-design-space\/what-is-commercial-real-estate\">corporate real estate industry<\/a>. This change is similar to shifts that other industries, such as cloud computing, have experienced in the past decade. Business leaders are wondering how they can get more flexibility, optionality, and cost efficiency with the products (or real estate) they procure, without sacrificing experience and quality.&nbsp;<\/p>\n\n\n\n<p>The transition to cloud computing has clear parallels to what is happening now in corporate real estate. Cloud computing really took off after the global financial crisis of 2008, as businesses were looking for less cumbersome, less costly ways of storing data. The value propositions of cloud computing are akin to those of flexible real estate. According to <a href=\"https:\/\/docs.aws.amazon.com\/whitepapers\/latest\/aws-overview\/six-advantages-of-cloud-computing.html\">cloud computing provider Amazon Web Services<\/a>, users of cloud computing are able to:&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Trade capital expense for variable expense<\/li><li>Benefit from massive economies of scale<\/li><li>Stop guessing capacity<\/li><li>Increase speed and agility<\/li><li>Stop spending money running and maintaining data centers<\/li><li>Go global in minutes<\/li><\/ul>\n\n\n\n<p>In 2008, <a href=\"https:\/\/www.wework.com\/info\/the-future-of-work-is-flexible?utm_source=ideas&amp;utm_medium=article&amp;utm_campaign=BTW_THTW&amp;utm_content=Insights\">flexible real estate<\/a> was not available at scale, but it is now. As such, the <a href=\"https:\/\/www.wework.com\/tomorrow?utm_source=ideas&amp;utm_medium=article&amp;utm_campaign=BTW_THTW&amp;utm_content=Insights\">corporate real estate industry<\/a> is going through changes similar to what technology providers experienced after the global financial crisis. Companies are now accelerating their focus on flexible real estate. According to CBRE:&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.cbre.com\/thewayforward\/Workforce-Sentiment-Survey?article=%7B9DD4F9D7-60E8-4B40-B4E8-4357ECD0A9E0%7D\">76 percent<\/a> of company leaders, managers, and employees said they would work from a satellite or coworking location closer to home when the COVID crisis is over<\/li><li><a href=\"https:\/\/www.cbre.com\/thewayforward\/The-Future-of-CRE-Service-Delivery-Transforming-the-CRE-Agenda?article=%7bE5C5EBA8-804B-41C3-A2A7-062A236210A8%7d\">71 percent<\/a> of CRE (commercial real estate) leaders said that identifying and driving cost savings for their organization was a priority (up 10 percent from pre-COVID-19 times)<\/li><li><a href=\"https:\/\/www.cbre.com\/thewayforward\/The-Future-of-CRE-Service-Delivery-Transforming-the-CRE-Agenda?article=%7bE5C5EBA8-804B-41C3-A2A7-062A236210A8%7d\">58 percent<\/a> of CRE leaders responded that proactively identifying and driving ways to create value for the enterprise was a priority (up 3 percent from pre-COVID-19 times)<\/li><li><a href=\"https:\/\/www.cbre.com\/thewayforward\/The-Future-of-CRE-Service-Delivery-Transforming-the-CRE-Agenda?article=%7bE5C5EBA8-804B-41C3-A2A7-062A236210A8%7d\">65.3 percent<\/a> of CRE leaders responded that they expect their portfolio to decrease in square footage over the next three to five years (up 42 percent from pre-COVID-19 times)<\/li><\/ul>\n\n\n\n<p>Here, we will explore what caused this structural shift and the strategies that CRE leaders can use to rebuild <a href=\"https:\/\/www.wework.com\/ideas\/office-design-space\/commercial-real-estate-lease-types\">corporate real estate portfolios<\/a> more effectively.<\/p>\n\n\n<noscript class=\"ninja-forms-noscript-message\">\n\tNotice: JavaScript is required for this content.<\/noscript>\n<style>\r\n\r\n        \/* PLUGIN WIDE STYLES *\/\r\n    \r\n        .nf-form-content .nf-field-container.textarea-container .nf-field-element .ninja-forms-field {\r\n                                    border: .0625rem solid #666; border-radius: .25rem;                    }\r\n        .nf-form-content .nf-field-container.date-container .nf-field-element .ninja-forms-field {\r\n                                    height: 3.375rem; border: .0625rem solid #666; border-radius: .25rem; padding-left: .5rem;                    }\r\n        .nf-form-content .nf-field-container.number-container .nf-field-element .ninja-forms-field {\r\n                                    border: .0625rem solid #666; border-radius: .25rem;                    }\r\n    <\/style><style>\r\n\r\n        \/* FIELDS STYLES *\/\r\n    \r\n        .nf-form-content .nf-field-container #nf-field-131-wrap {\r\n                                    width:100%;\r\n                            }\r\n        .nf-form-content .nf-field-container #nf-field-131-wrap .nf-field-element .ninja-forms-field {\r\n                                    width:100%;\r\n                    }\r\n    <\/style><div class=\"wp-block-ninja-forms-form\"><div id=\"nf-form-4-cont\" class=\"nf-form-cont  has-title\" aria-live=\"polite\" aria-labelledby=\"nf-form-title-4\" aria-describedby=\"nf-form-errors-4\" role=\"form\">\n\n    <div class=\"nf-loading-spinner\"><\/div>\n\n<\/div>\n<\/div>        <!-- That data is being printed as a workaround to page builders reordering the order of the scripts loaded-->\n        <script>var formDisplay=1;var nfForms=nfForms||[];var form=[];form.id='4';form.settings={\"objectType\":\"Form Setting\",\"editActive\":true,\"title\":\"Rethinking your workspace?\",\"created_at\":\"2019-04-11 13:47:36\",\"form_title\":\"Contact us about workspace\",\"default_label_pos\":\"above\",\"show_title\":1,\"clear_complete\":\"1\",\"hide_complete\":\"1\",\"logged_in\":\"0\",\"wrapper_class\":\" has-title\",\"element_class\":\"\",\"key\":\"\",\"add_submit\":\"1\",\"currency\":\"\",\"unique_field_error\":\"A form with this value has already been submitted.\",\"not_logged_in_msg\":\"\",\"sub_limit_msg\":\"The form has reached its submission limit.\",\"calculations\":[],\"formContentData\":[{\"order\":1,\"cells\":[{\"order\":0,\"fields\":[\"lead_source_formtype\"],\"width\":\"100\"}]},{\"order\":2,\"cells\":[{\"order\":0,\"fields\":[\"full_name_1557772520038\",\"email_address_1697641337427\",\"phone_number_1633723284498\"],\"width\":50},{\"order\":1,\"fields\":[\"company_name_1633723225494\",\"how_many_people_need_workspace_1680809904430\",\"listselect_1633723291677\"],\"width\":50}]},{\"order\":4,\"cells\":[{\"order\":0,\"fields\":[\"i_would_like_wework_to_send_me_offers_and_other_communications_1557772665629\"],\"width\":\"100\"}]},{\"order\":5,\"cells\":[{\"order\":0,\"fields\":[\"html_1588257629816\"],\"width\":\"100\"}]},{\"order\":6,\"cells\":[{\"order\":0,\"fields\":[\"submit_1554741098461\"],\"width\":\"100\"}]}],\"drawerDisabled\":false,\"allow_public_link\":0,\"embed_form\":\"\",\"conditions\":[],\"changeEmailErrorMsg\":\"Please enter a valid email address!\",\"changeDateErrorMsg\":\"Please enter a valid date!\",\"confirmFieldErrorMsg\":\"These fields must match!\",\"fieldNumberNumMinError\":\"Number Min Error\",\"fieldNumberNumMaxError\":\"Number Max Error\",\"fieldNumberIncrementBy\":\"Please increment by \",\"formErrorsCorrectErrors\":\"Please correct errors before submitting this form.\",\"validateRequiredField\":\"This is a required field.\",\"honeypotHoneypotError\":\"Honeypot Error\",\"fieldsMarkedRequired\":\"Fields marked with an <span class=\\\"ninja-forms-req-symbol\\\">*<\\\/span> are required\",\"container_styles_show_advanced_css\":\"0\",\"title_styles_show_advanced_css\":\"0\",\"row_styles_show_advanced_css\":\"0\",\"row-odd_styles_show_advanced_css\":\"0\",\"success-msg_styles_show_advanced_css\":\"0\",\"error_msg_styles_show_advanced_css\":\"0\",\"public_link\":\"https:\\\/\\\/www.wework.com\\\/ideas\\\/ninja-forms\\\/4szvp\",\"public_link_key\":\"4szvp\",\"container_styles_border\":\"\",\"container_styles_height\":\"\",\"container_styles_margin\":\"\",\"container_styles_padding\":\"\",\"container_styles_float\":\"\",\"title_styles_border\":\"\",\"title_styles_height\":\"\",\"title_styles_width\":\"\",\"title_styles_font-size\":\"\",\"title_styles_margin\":\"\",\"title_styles_padding\":\"\",\"title_styles_float\":\"\",\"row_styles_border\":\"\",\"row_styles_width\":\"\",\"row_styles_font-size\":\"\",\"row_styles_margin\":\"\",\"row_styles_padding\":\"\",\"row-odd_styles_border\":\"\",\"row-odd_styles_height\":\"\",\"row-odd_styles_width\":\"\",\"row-odd_styles_font-size\":\"\",\"row-odd_styles_margin\":\"\",\"row-odd_styles_padding\":\"\",\"success-msg_styles_border\":\"\",\"success-msg_styles_height\":\"\",\"success-msg_styles_width\":\"\",\"success-msg_styles_font-size\":\"\",\"success-msg_styles_margin\":\"\",\"success-msg_styles_padding\":\"\",\"error_msg_styles_border\":\"\",\"error_msg_styles_width\":\"\",\"error_msg_styles_font-size\":\"\",\"error_msg_styles_margin\":\"\",\"error_msg_styles_padding\":\"\",\"unique_field\":\"0\",\"repeatable_fieldsets\":\"\",\"form_title_heading_level\":\"3\",\"ninjaForms\":\"Ninja Forms\",\"fieldTextareaRTEInsertLink\":\"Insert Link\",\"fieldTextareaRTEInsertMedia\":\"Insert Media\",\"fieldTextareaRTESelectAFile\":\"Select a file\",\"formHoneypot\":\"If you are a human seeing this field, please leave it empty.\",\"fileUploadOldCodeFileUploadInProgress\":\"File Upload in Progress.\",\"fileUploadOldCodeFileUpload\":\"FILE UPLOAD\",\"currencySymbol\":false,\"thousands_sep\":\",\",\"decimal_point\":\".\",\"siteLocale\":\"en_US\",\"dateFormat\":\"m\\\/d\\\/Y\",\"startOfWeek\":\"1\",\"of\":\"of\",\"previousMonth\":\"Previous Month\",\"nextMonth\":\"Next Month\",\"months\":[\"January\",\"February\",\"March\",\"April\",\"May\",\"June\",\"July\",\"August\",\"September\",\"October\",\"November\",\"December\"],\"monthsShort\":[\"Jan\",\"Feb\",\"Mar\",\"Apr\",\"May\",\"Jun\",\"Jul\",\"Aug\",\"Sep\",\"Oct\",\"Nov\",\"Dec\"],\"weekdays\":[\"Sunday\",\"Monday\",\"Tuesday\",\"Wednesday\",\"Thursday\",\"Friday\",\"Saturday\"],\"weekdaysShort\":[\"Sun\",\"Mon\",\"Tue\",\"Wed\",\"Thu\",\"Fri\",\"Sat\"],\"weekdaysMin\":[\"Su\",\"Mo\",\"Tu\",\"We\",\"Th\",\"Fr\",\"Sa\"],\"recaptchaConsentMissing\":\"reCaptcha validation couldn&#039;t load.\",\"recaptchaMissingCookie\":\"reCaptcha v3 validation couldn&#039;t load the cookie needed to submit the form.\",\"recaptchaConsentEvent\":\"Accept reCaptcha cookies before sending the form.\",\"currency_symbol\":\"\",\"beforeForm\":\"<div class='ninja-form-loader'>\\r\\n  <div class='ninja-form-spinner'>\\r\\n    <div class='spinner-form'><\\\/div>\\r\\n  <\\\/div>\\r\\n<\\\/div>\\r\\n\",\"beforeFields\":\"\",\"afterFields\":\"\",\"afterForm\":\"\"};form.fields=[{\"objectType\":\"Field\",\"objectDomain\":\"fields\",\"editActive\":false,\"order\":1,\"idAttribute\":\"id\",\"label\":\"lead_source_formtype\",\"type\":\"hidden\",\"key\":\"lead_source_formtype\",\"default\":\"workspace contact form\",\"admin_label\":\"\",\"wrap_styles_border\":\"\",\"wrap_styles_width\":\"\",\"wrap_styles_margin\":\"\",\"wrap_styles_padding\":\"\",\"wrap_styles_float\":\"\",\"wrap_styles_show_advanced_css\":0,\"label_styles_border\":\"\",\"label_styles_width\":\"\",\"label_styles_font-size\":\"\",\"label_styles_margin\":\"\",\"label_styles_padding\":\"\",\"label_styles_float\":\"\",\"label_styles_show_advanced_css\":0,\"element_styles_border\":\"\",\"element_styles_width\":\"\",\"element_styles_font-size\":\"\",\"element_styles_margin\":\"\",\"element_styles_padding\":\"\",\"element_styles_float\":\"\",\"element_styles_show_advanced_css\":0,\"drawerDisabled\":false,\"manual_key\":true,\"saved\":false,\"nicename\":\"lead_source_formtype\",\"field_label\":\"lead_source_formtype\",\"field_key\":\"lead_source_formtype\",\"cellcid\":\"c4209\",\"id\":216,\"beforeField\":\"\",\"afterField\":\"\",\"value\":\"workspace contact form\",\"label_pos\":\"above\",\"parentType\":\"hidden\",\"element_templates\":[\"hidden\",\"input\"],\"old_classname\":\"\",\"wrap_template\":\"wrap-no-label\"},{\"objectType\":\"Field\",\"objectDomain\":\"fields\",\"editActive\":false,\"order\":2,\"idAttribute\":\"id\",\"label\":\"Full name\",\"key\":\"full_name_1557772520038\",\"type\":\"textbox\",\"created_at\":\"2019-05-13 18:40:00\",\"label_pos\":\"above\",\"required\":1,\"default\":\"\",\"placeholder\":\"\",\"container_class\":\"\",\"element_class\":\"\",\"input_limit\":\"\",\"input_limit_type\":\"characters\",\"input_limit_msg\":\"Character(s) left\",\"manual_key\":\"\",\"admin_label\":\"\",\"help_text\":\"\",\"mask\":\"\",\"custom_mask\":\"\",\"custom_name_attribute\":\"\",\"personally_identifiable\":\"\",\"field_label\":\"Full Name\",\"field_key\":\"full_name_1554739350163\",\"drawerDisabled\":false,\"value\":\"\",\"wrap_styles_show_advanced_css\":0,\"label_styles_show_advanced_css\":0,\"element_styles_show_advanced_css\":0,\"cellcid\":\"c4213\",\"wrap_styles_border\":\"\",\"wrap_styles_width\":\"\",\"wrap_styles_margin\":\"\",\"wrap_styles_padding\":\"\",\"wrap_styles_float\":\"\",\"label_styles_border\":\"\",\"label_styles_width\":\"\",\"label_styles_font-size\":\"\",\"label_styles_margin\":\"\",\"label_styles_padding\":\"\",\"label_styles_float\":\"\",\"element_styles_border\":\"\",\"element_styles_width\":\"\",\"element_styles_font-size\":\"\",\"element_styles_margin\":\"\",\"element_styles_padding\":\"\",\"element_styles_float\":\"\",\"cellOrder\":1,\"custom_autocomplete\":\"\",\"id\":20,\"beforeField\":\"\",\"afterField\":\"\",\"parentType\":\"textbox\",\"element_templates\":[\"textbox\",\"input\"],\"old_classname\":\"\",\"wrap_template\":\"wrap\"},{\"objectType\":\"Field\",\"objectDomain\":\"fields\",\"editActive\":false,\"order\":3,\"idAttribute\":\"id\",\"label\":\"Email address\",\"key\":\"email_address_1697641337427\",\"type\":\"email\",\"created_at\":\"2019-06-03 14:50:13\",\"label_pos\":\"above\",\"required\":1,\"default\":\"\",\"placeholder\":\"\",\"container_class\":\"\",\"element_class\":\"\",\"admin_label\":\"\",\"help_text\":\"\",\"custom_name_attribute\":\"email\",\"personally_identifiable\":1,\"drawerDisabled\":false,\"field_label\":\"Email\",\"field_key\":\"email_1554739319952\",\"value\":\"\",\"wrap_styles_show_advanced_css\":0,\"label_styles_show_advanced_css\":0,\"element_styles_show_advanced_css\":0,\"cellcid\":\"c4213\",\"cellOrder\":2,\"wrap_styles_border\":\"\",\"wrap_styles_width\":\"\",\"wrap_styles_margin\":\"\",\"wrap_styles_padding\":\"\",\"wrap_styles_float\":\"\",\"label_styles_border\":\"\",\"label_styles_width\":\"\",\"label_styles_font-size\":\"\",\"label_styles_margin\":\"\",\"label_styles_padding\":\"\",\"label_styles_float\":\"\",\"element_styles_border\":\"\",\"element_styles_width\":\"\",\"element_styles_font-size\":\"\",\"element_styles_margin\":\"\",\"element_styles_padding\":\"\",\"element_styles_float\":\"\",\"manual_key\":true,\"id\":21,\"beforeField\":\"\",\"afterField\":\"\",\"parentType\":\"email\",\"element_templates\":[\"email\",\"input\"],\"old_classname\":\"\",\"wrap_template\":\"wrap\"},{\"objectType\":\"Field\",\"objectDomain\":\"fields\",\"editActive\":false,\"order\":4,\"idAttribute\":\"id\",\"label\":\"Phone number\",\"type\":\"phone\",\"cellcid\":\"c4213\",\"key\":\"phone_number_1633723284498\",\"label_pos\":\"above\",\"required\":1,\"default\":\"\",\"placeholder\":\"\",\"container_class\":\"\",\"element_class\":\"\",\"input_limit\":\"\",\"input_limit_type\":\"characters\",\"input_limit_msg\":\"Character(s) left\",\"manual_key\":false,\"admin_label\":\"\",\"help_text\":\"\",\"mask\":\"\",\"custom_mask\":\"\",\"custom_name_attribute\":\"phone\",\"personally_identifiable\":1,\"wrap_styles_border\":\"\",\"wrap_styles_width\":\"\",\"wrap_styles_margin\":\"\",\"wrap_styles_padding\":\"\",\"wrap_styles_float\":\"\",\"wrap_styles_show_advanced_css\":0,\"label_styles_border\":\"\",\"label_styles_width\":\"\",\"label_styles_font-size\":\"\",\"label_styles_margin\":\"\",\"label_styles_padding\":\"\",\"label_styles_float\":\"\",\"label_styles_show_advanced_css\":0,\"element_styles_border\":\"\",\"element_styles_width\":\"\",\"element_styles_font-size\":\"\",\"element_styles_margin\":\"\",\"element_styles_padding\":\"\",\"element_styles_float\":\"\",\"element_styles_show_advanced_css\":0,\"value\":\"\",\"cellOrder\":4,\"drawerDisabled\":false,\"id\":519,\"beforeField\":\"\",\"afterField\":\"\",\"parentType\":\"textbox\",\"element_templates\":[\"tel\",\"textbox\",\"input\"],\"old_classname\":\"\",\"wrap_template\":\"wrap\"},{\"objectType\":\"Field\",\"objectDomain\":\"fields\",\"editActive\":false,\"order\":5,\"idAttribute\":\"id\",\"label\":\"Company name\",\"type\":\"textbox\",\"cellcid\":\"c4215\",\"key\":\"company_name_1633723225494\",\"label_pos\":\"above\",\"required\":1,\"default\":\"\",\"placeholder\":\"\",\"container_class\":\"\",\"element_class\":\"\",\"input_limit\":\"\",\"input_limit_type\":\"characters\",\"input_limit_msg\":\"Character(s) left\",\"manual_key\":false,\"admin_label\":\"\",\"help_text\":\"\",\"mask\":\"\",\"custom_mask\":\"\",\"custom_name_attribute\":\"\",\"personally_identifiable\":\"\",\"wrap_styles_border\":\"\",\"wrap_styles_width\":\"\",\"wrap_styles_margin\":\"\",\"wrap_styles_padding\":\"\",\"wrap_styles_float\":\"\",\"wrap_styles_show_advanced_css\":0,\"label_styles_border\":\"\",\"label_styles_width\":\"\",\"label_styles_font-size\":\"\",\"label_styles_margin\":\"\",\"label_styles_padding\":\"\",\"label_styles_float\":\"\",\"label_styles_show_advanced_css\":0,\"element_styles_border\":\"\",\"element_styles_width\":\"\",\"element_styles_font-size\":\"\",\"element_styles_margin\":\"\",\"element_styles_padding\":\"\",\"element_styles_float\":\"\",\"element_styles_show_advanced_css\":0,\"value\":\"\",\"cellOrder\":1,\"drawerDisabled\":false,\"custom_autocomplete\":\"\",\"id\":520,\"beforeField\":\"\",\"afterField\":\"\",\"parentType\":\"textbox\",\"element_templates\":[\"textbox\",\"input\"],\"old_classname\":\"\",\"wrap_template\":\"wrap\"},{\"objectType\":\"Field\",\"objectDomain\":\"fields\",\"editActive\":false,\"order\":6,\"idAttribute\":\"id\",\"type\":\"textbox\",\"label\":\"How many people need workspace?\",\"key\":\"how_many_people_need_workspace_1680809904430\",\"label_pos\":\"above\",\"required\":false,\"default\":\"\",\"placeholder\":\"\",\"container_class\":\"\",\"element_class\":\"\",\"input_limit\":\"\",\"input_limit_type\":\"characters\",\"input_limit_msg\":\"Character(s) left\",\"manual_key\":false,\"admin_label\":\"\",\"help_text\":\"\",\"mask\":\"\",\"custom_mask\":\"\",\"custom_name_attribute\":\"\",\"personally_identifiable\":\"\",\"wrap_styles_border\":\"\",\"wrap_styles_width\":\"\",\"wrap_styles_margin\":\"\",\"wrap_styles_padding\":\"\",\"wrap_styles_float\":\"\",\"wrap_styles_show_advanced_css\":0,\"label_styles_border\":\"\",\"label_styles_width\":\"\",\"label_styles_font-size\":\"\",\"label_styles_margin\":\"\",\"label_styles_padding\":\"\",\"label_styles_float\":\"\",\"label_styles_show_advanced_css\":0,\"element_styles_border\":\"\",\"element_styles_width\":\"\",\"element_styles_font-size\":\"\",\"element_styles_margin\":\"\",\"element_styles_padding\":\"\",\"element_styles_float\":\"\",\"element_styles_show_advanced_css\":0,\"cellcid\":\"c4215\",\"value\":\"\",\"cellOrder\":2,\"drawerDisabled\":false,\"id\":922,\"beforeField\":\"\",\"afterField\":\"\",\"parentType\":\"textbox\",\"element_templates\":[\"textbox\",\"input\"],\"old_classname\":\"\",\"wrap_template\":\"wrap\"},{\"objectType\":\"Field\",\"objectDomain\":\"fields\",\"editActive\":false,\"order\":7,\"idAttribute\":\"id\",\"label\":\"Location\",\"type\":\"listselect\",\"cellcid\":\"c4215\",\"key\":\"listselect_1633723291677\",\"label_pos\":\"above\",\"required\":1,\"options\":[{\"label\":\"Where you'd like office space\",\"value\":\"\"},{\"label\":\"United States\",\"value\":\"\",\"slug\":\"united-states\"},{\"label\":\"Atlanta\",\"value\":\"d1b2d8ba-fd49-4b4b-a846-bcb114120f8b\",\"slug\":\"atlanta--GA\",\"country\":\"United States\"},{\"label\":\"Austin\",\"value\":\"9c61ee21-c44a-4fc7-9946-dba3bcf12346\",\"slug\":\"austin--TX\",\"country\":\"United States\"},{\"label\":\"Bethesda\",\"value\":\"9e2eccb6-72b5-11ea-8934-06fdc5b25e91\",\"slug\":\"bethesda--MD\",\"country\":\"United States\"},{\"label\":\"Boston\",\"value\":\"b27f4ee0-ec78-4cb1-91b3-c2f39000c7f2\",\"slug\":\"boston--MA\",\"country\":\"United States\"},{\"label\":\"Boulder\",\"value\":\"efc99d3c-9f0b-11e8-954d-1202be33576a\",\"slug\":\"boulder\",\"country\":\"United States\"},{\"label\":\"Charlotte\",\"value\":\"f07953df-116e-48e3-876a-28dcc0cb21ec\",\"slug\":\"charlotte\",\"country\":\"United States\"},{\"label\":\"Chicago\",\"value\":\"0286726e-0e84-4764-a5fd-253ad0fb2c62\",\"slug\":\"chicago--IL\",\"country\":\"United States\"},{\"label\":\"College Park, MD\",\"value\":\"0c5d9be6-3428-11e8-aa86-1202be33576a\",\"slug\":\"college-park-md--MD\",\"country\":\"United States\"},{\"label\":\"Columbus\",\"value\":\"0a434a5c-4a54-11e9-9a16-0ec6db7d2a3c\",\"slug\":\"columbus\",\"country\":\"United States\"},{\"label\":\"Dallas - Fort Worth\",\"value\":\"dfea5374-7939-11e6-bd08-0a488af3e541\",\"slug\":\"dallas-fort-worth--TX\",\"country\":\"United States\"},{\"label\":\"Denver\",\"value\":\"b3556a21-07b8-4cd4-8a22-f3afa69b9734\",\"slug\":\"denver--CO\",\"country\":\"United States\"},{\"label\":\"Detroit\",\"value\":\"53ac3eb8-841a-11e6-a3b7-0a488af3e541\",\"slug\":\"detroit--MI\",\"country\":\"United States\"},{\"label\":\"Houston\",\"value\":\"521b1102-2bbb-11e7-8ac0-0a636a339cd2\",\"slug\":\"houston--TX\",\"country\":\"United States\"},{\"label\":\"Kansas City\",\"value\":\"ff75b2ab-54db-4ec7-9cfe-612f47fc853d\",\"slug\":\"kansas-city\",\"country\":\"United States\"},{\"label\":\"Las Vegas\",\"value\":\"f50eccbc-9f1b-11e8-b627-1202be33576a\",\"slug\":\"las-vegas\",\"country\":\"United States\"},{\"label\":\"Los Angeles\",\"value\":\"701a159d-2d30-43bf-8b88-949c7164a248\",\"slug\":\"los-angeles--CA\",\"country\":\"United States\"},{\"label\":\"Miami\",\"value\":\"b194a31f-448d-4975-ab39-bf243ba91e10\",\"slug\":\"miami--FL\",\"country\":\"United States\"},{\"label\":\"Minneapolis\",\"value\":\"286377c0-372b-11e7-a110-0a636a339cd2\",\"slug\":\"minneapolis\",\"country\":\"United States\"},{\"label\":\"Nashville\",\"value\":\"103dfee4-2f8e-11e7-ae38-0a636a339cd2\",\"slug\":\"nashville\",\"country\":\"United States\"},{\"label\":\"New York City\",\"value\":\"ac9c9fd0-431a-4e9b-9034-6428e7e53763\",\"slug\":\"new-york-city--NY\",\"country\":\"United States\"},{\"label\":\"Orange County\",\"value\":\"8597de1e-899c-11e6-a577-0a488af3e541\",\"slug\":\"orange-county--CA\",\"country\":\"United States\"},{\"label\":\"Philadelphia\",\"value\":\"6e102c87-c2df-4e13-a162-b49ed9b2ec46\",\"slug\":\"philadelphia--PA\",\"country\":\"United States\"},{\"label\":\"Phoenix\",\"value\":\"78096c6e-83a4-11e8-bca5-1202be33576a\",\"slug\":\"phoenix\",\"country\":\"United States\"},{\"label\":\"Portland\",\"value\":\"8dc75299-66f3-4867-95b8-c59cb4b2fd2b\",\"slug\":\"portland--OR\",\"country\":\"United States\"},{\"label\":\"Raleigh-Durham\",\"value\":\"1d0504ce-7c50-11e7-beee-0a636a339cd2\",\"slug\":\"raleigh-durham--NC\",\"country\":\"United States\"},{\"label\":\"Richardson\",\"value\":\"3b3d138e-8f63-11ec-9613-0e6a5dc689cd\",\"slug\":\"richardson--TX\",\"country\":\"United States\"},{\"label\":\"Sacramento\",\"value\":\"dfa3b192-4a53-11e9-8d49-0ec6db7d2a3c\",\"slug\":\"sacramento--CA\",\"country\":\"United States\"},{\"label\":\"Salt Lake City\",\"value\":\"4cd96242-83a4-11e8-bca5-1202be33576a\",\"slug\":\"salt-lake-city\",\"country\":\"United States\"},{\"label\":\"San Antonio\",\"value\":\"a4762f2a-b505-11e8-9cda-1202be33576a\",\"slug\":\"san-antonio\",\"country\":\"United States\"},{\"label\":\"San Diego\",\"value\":\"18bfe31c-819b-11e6-8fa4-0a488af3e541\",\"slug\":\"san-diego--CA\",\"country\":\"United States\"},{\"label\":\"Seattle\",\"value\":\"3f21d4f2-13e5-401b-925a-085964558f19\",\"slug\":\"seattle--WA\",\"country\":\"United States\"},{\"label\":\"SF Bay Area\",\"value\":\"56c5b200-6bfc-49f7-967d-c22192f4ce8b\",\"slug\":\"sf-bay-area--CA\",\"country\":\"United States\"},{\"label\":\"Spring\",\"value\":\"f0b0e82c-8f62-11ec-9604-0e6a5dc689cd\",\"slug\":\"spring--TX\",\"country\":\"United States\"},{\"label\":\"Tampa\",\"value\":\"4378d828-2894-11e9-a531-1202be33576a\",\"slug\":\"tampa--FL\",\"country\":\"United States\"},{\"label\":\"Washington, D.C.\",\"value\":\"678b2630-e1fb-4afe-b052-269d524ee873\",\"slug\":\"washington-DC\",\"country\":\"United States\"},{\"label\":\"Wilmington\",\"value\":\"5ad589da-8f66-11ec-9619-0e6a5dc689cd\",\"slug\":\"wilmington--NC\",\"country\":\"United States\"},{\"label\":\"\",\"value\":\"\"},{\"label\":\"Argentina\",\"value\":\"\",\"slug\":\"argentina\"},{\"label\":\"Buenos Aires\",\"value\":\"df50e004-309c-4d6c-b381-78aefa1830d7\",\"slug\":\"buenos-aires\",\"country\":\"Argentina\"},{\"label\":\"\",\"value\":\"\"},{\"label\":\"Australia\",\"value\":\"\",\"slug\":\"australia\"},{\"label\":\"Brisbane\",\"value\":\"34419d7e-594e-11e8-b5dd-1202be33576a\",\"slug\":\"brisbane--QLD\",\"country\":\"Australia\"},{\"label\":\"Melbourne\",\"value\":\"9775590a-d449-4459-bee8-142e0428fdb7\",\"slug\":\"melbourne\",\"country\":\"Australia\"},{\"label\":\"Perth\",\"value\":\"b462cd0c-41c4-11e9-801d-1202be33576a\",\"slug\":\"perth--WA\",\"country\":\"Australia\"},{\"label\":\"Sydney\",\"value\":\"3773122d-48c6-4327-9553-77d769f4662c\",\"slug\":\"sydney--NSW\",\"country\":\"Australia\"},{\"label\":\"\",\"value\":\"\"},{\"label\":\"Belgium\",\"value\":\"\",\"slug\":\"belgium\"},{\"label\":\"Brussels\",\"value\":\"d1d49cfa-d705-11e8-9812-1202be33576a\",\"slug\":\"brussels\",\"country\":\"Belgium\"},{\"label\":\"\",\"value\":\"\"},{\"label\":\"Brazil\",\"value\":\"\",\"slug\":\"brazil\"},{\"label\":\"Belo Horizonte\",\"value\":\"099bf260-23dc-11e8-983f-1202be33576a\",\"slug\":\"belo-horizonte\",\"country\":\"Brazil\"},{\"label\":\"Porto Alegre\",\"value\":\"99d88a68-cbdf-11e8-87bd-1202be33576a\",\"slug\":\"porto-alegre\",\"country\":\"Brazil\"},{\"label\":\"Rio de Janeiro\",\"value\":\"51be1ada-5b7f-11e7-a257-0a636a339cd2\",\"slug\":\"rio-de-janeiro\",\"country\":\"Brazil\"},{\"label\":\"S\\u00e3o Paulo\",\"value\":\"402d5a79-9886-4934-bbf5-afbc9f53f52a\",\"slug\":\"sao-paulo\",\"country\":\"Brazil\"},{\"label\":\"\",\"value\":\"\"},{\"label\":\"Canada\",\"value\":\"\",\"slug\":\"canada\"},{\"label\":\"Calgary\",\"value\":\"3476be90-2668-11e9-9ae3-1202be33576a\",\"slug\":\"calgary\",\"country\":\"Canada\"},{\"label\":\"Montreal\",\"value\":\"4525ab26-7f4f-4033-ad36-4cb2375e992c\",\"slug\":\"montreal--QC\",\"country\":\"Canada\"},{\"label\":\"Toronto\",\"value\":\"6b72e6aa-d82a-4211-8bde-68e89d6fb97d\",\"slug\":\"toronto\",\"country\":\"Canada\"},{\"label\":\"Vancouver\",\"value\":\"79832316-3ee8-44ed-a7a7-42771a3342a4\",\"slug\":\"vancouver\",\"country\":\"Canada\"},{\"label\":\"\",\"value\":\"\"},{\"label\":\"Chile\",\"value\":\"\",\"slug\":\"chile\"},{\"label\":\"Santiago de Chile\",\"value\":\"c4c09e4c-0b54-11e8-bda0-1202be33576a\",\"slug\":\"santiago-de-chile\",\"country\":\"Chile\"},{\"label\":\"\",\"value\":\"\"},{\"label\":\"Colombia\",\"value\":\"\",\"slug\":\"colombia\"},{\"label\":\"Barranquilla\",\"value\":\"237b0dce-80a2-11e8-b48c-1202be33576a\",\"slug\":\"barranquilla\",\"country\":\"Colombia\"},{\"label\":\"Bogot\\u00e1\",\"value\":\"4b99cd17-b915-45cd-9271-2e5ca3c66d0c\",\"slug\":\"bogota\",\"country\":\"Colombia\"},{\"label\":\"Medell\\u00edn\",\"value\":\"ace2d770-584f-11e8-9099-1202be33576a\",\"slug\":\"medellin\",\"country\":\"Colombia\"},{\"label\":\"\",\"value\":\"\"},{\"label\":\"Costa Rica\",\"value\":\"\",\"slug\":\"costa-rica\"},{\"label\":\"Heredia\",\"value\":\"69c3ec52-47aa-11f0-a672-0e85bcbec943\",\"slug\":\"heredia--Heredia\",\"country\":\"Costa Rica\"},{\"label\":\"San Jos\\u00e9\",\"value\":\"a89d5444-4429-11e9-ab2d-0ec6db7d2a3c\",\"slug\":\"san-jose--costa-rica\",\"country\":\"Costa Rica\"},{\"label\":\"\",\"value\":\"\"},{\"label\":\"Czech Republic\",\"value\":\"\",\"slug\":\"czech-republic\"},{\"label\":\"Prague\",\"value\":\"74d15ff2-bdd8-11e8-a1af-1202be33576a\",\"slug\":\"prague\",\"country\":\"Czech Republic\"},{\"label\":\"\",\"value\":\"\"},{\"label\":\"France\",\"value\":\"\",\"slug\":\"france\"},{\"label\":\"Paris\",\"value\":\"b9ae5c97-1341-45db-8160-a89a788fa242\",\"slug\":\"paris\",\"country\":\"France\"},{\"label\":\"\",\"value\":\"\"},{\"label\":\"Germany\",\"value\":\"\",\"slug\":\"germany\"},{\"label\":\"Berlin\",\"value\":\"dac1820e-5dae-4c0c-9be8-8916e7aa724a\",\"slug\":\"berlin\",\"country\":\"Germany\"},{\"label\":\"Cologne\",\"value\":\"40975eb4-f31e-11e8-994a-1202be33576a\",\"slug\":\"cologne\",\"country\":\"Germany\"},{\"label\":\"Frankfurt\",\"value\":\"256c5b10-713f-4818-8954-f62fe7cfa6c9\",\"slug\":\"frankfurt\",\"country\":\"Germany\"},{\"label\":\"Hamburg\",\"value\":\"a249b3e8-4c0e-4955-8abc-e05b41e2e379\",\"slug\":\"hamburg\",\"country\":\"Germany\"},{\"label\":\"Munich\",\"value\":\"afef43c6-d551-11e7-a757-0a636a339cd2\",\"slug\":\"munich\",\"country\":\"Germany\"},{\"label\":\"\",\"value\":\"\"},{\"label\":\"Greater China\",\"value\":\"\",\"slug\":\"greater-china\"},{\"label\":\"Beijing\",\"value\":\"4626d4f9-5157-43c5-8fa8-f7436674a03c\",\"slug\":\"beijing\",\"country\":\"Greater China\"},{\"label\":\"Chengdu\",\"value\":\"35da2f60-7583-11e8-8b3e-1202be33576a\",\"slug\":\"chengdu\",\"country\":\"Greater China\"},{\"label\":\"Guangzhou\",\"value\":\"1722c1d6-9f1d-11e8-ab41-1202be33576a\",\"slug\":\"guangzhou\",\"country\":\"Greater China\"},{\"label\":\"Hangzhou\",\"value\":\"b7fae85c-591f-11e8-b904-1202be33576a\",\"slug\":\"hangzhou\",\"country\":\"Greater China\"},{\"label\":\"Hong Kong\",\"value\":\"be16956c-bd23-4015-89f2-132812e07005\",\"slug\":\"hong-kong\",\"country\":\"Greater China\"},{\"label\":\"Nanjing\",\"value\":\"3dfd93c4-4a55-11e9-bca7-0ec6db7d2a3c\",\"slug\":\"nanjing\",\"country\":\"Greater China\"},{\"label\":\"Shanghai\",\"value\":\"bcccbdcd-9a23-4586-81cd-378d9e2cbae5\",\"slug\":\"shanghai--31\",\"country\":\"Greater China\"},{\"label\":\"Shenzhen\",\"value\":\"d0debd32-70c4-11e8-8f42-1202be33576a\",\"slug\":\"shenzhen\",\"country\":\"Greater China\"},{\"label\":\"Suzhou\",\"value\":\"c22c32c2-cbe8-11e8-900c-1202be33576a\",\"slug\":\"suzhou\",\"country\":\"Greater China\"},{\"label\":\"Taipei\",\"value\":\"1bdaea76-4a55-11e9-8d49-0ec6db7d2a3c\",\"slug\":\"taipei--TPE\",\"country\":\"Greater China\"},{\"label\":\"Wuhan\",\"value\":\"f4deee90-cbe7-11e8-872a-1202be33576a\",\"slug\":\"wuhan\",\"country\":\"Greater China\"},{\"label\":\"Xi'An\",\"value\":\"6169b3a6-4041-11e9-85c5-1202be33576a\",\"slug\":\"xi-an\",\"country\":\"Greater China\"},{\"label\":\"\",\"value\":\"\"},{\"label\":\"India\",\"value\":\"\",\"slug\":\"india\"},{\"label\":\"Bengaluru\",\"value\":\"db3016d2-99d5-4d35-908f-88cc3ab59e39\",\"slug\":\"bengaluru--Karnataka\",\"country\":\"India\"},{\"label\":\"Chennai\",\"value\":\"116f248a-4a55-11e9-85ff-0ec6db7d2a3c\",\"slug\":\"chennai\",\"country\":\"India\"},{\"label\":\"Gurugram\",\"value\":\"d385dba2-c65f-11e7-a653-0a636a339cd2\",\"slug\":\"gurugram--HR\",\"country\":\"India\"},{\"label\":\"Hyderabad\",\"value\":\"fa2a6690-4a54-11e9-85ff-0ec6db7d2a3c\",\"slug\":\"hyderabad\",\"country\":\"India\"},{\"label\":\"Mumbai\",\"value\":\"39ba5173-d2c5-4bf3-b885-c32eb16a0d6a\",\"slug\":\"mumbai\",\"country\":\"India\"},{\"label\":\"New Delhi\",\"value\":\"58def4d6-751b-11ed-927f-0adb0235f9eb\",\"slug\":\"new-delhi--Delhi\",\"country\":\"India\"},{\"label\":\"Noida\",\"value\":\"bb341e12-7047-11ea-b667-06fdc5b25e91\",\"slug\":\"noida--UP\",\"country\":\"India\"},{\"label\":\"Pune\",\"value\":\"05d51544-4a55-11e9-888c-0ec6db7d2a3c\",\"slug\":\"pune\",\"country\":\"India\"},{\"label\":\"\",\"value\":\"\"},{\"label\":\"Indonesia\",\"value\":\"\",\"slug\":\"indonesia\"},{\"label\":\"Jakarta\",\"value\":\"6bc0a682-2d66-11e8-bee3-1202be33576a\",\"slug\":\"jakarta\",\"country\":\"Indonesia\"},{\"label\":\"\",\"value\":\"\"},{\"label\":\"Ireland\",\"value\":\"\",\"slug\":\"ireland\"},{\"label\":\"Dublin\",\"value\":\"78c92b20-7c49-11e7-911f-0a636a339cd2\",\"slug\":\"dublin\",\"country\":\"Ireland\"},{\"label\":\"\",\"value\":\"\"},{\"label\":\"Israel\",\"value\":\"\",\"slug\":\"israel\"},{\"label\":\"Ashdod\",\"value\":\"f3a1fb10-849d-11ef-b19b-0e85bcbec943\",\"slug\":\"ashdod--South-District\",\"country\":\"Israel\"},{\"label\":\"Be'er Sheva\",\"value\":\"4f12e7b5-1d47-449b-b242-8a04e8f8650b\",\"slug\":\"be-er-sheva--israel\",\"country\":\"Israel\"},{\"label\":\"Haifa\",\"value\":\"149d730e-5fe8-11e7-a23a-0a636a339cd2\",\"slug\":\"haifa--israel\",\"country\":\"Israel\"},{\"label\":\"Herzliya\",\"value\":\"d3180240-711a-4fe0-9702-a27ec8fd7eb7\",\"slug\":\"herzliya--israel\",\"country\":\"Israel\"},{\"label\":\"Jerusalem\",\"value\":\"b6b70b84-b059-11e7-bc09-0a636a339cd2\",\"slug\":\"jerusalem--israel\",\"country\":\"Israel\"},{\"label\":\"Tel Aviv\",\"value\":\"7caac6e3-4fd7-4a02-ba03-1c77bb80dbe4\",\"slug\":\"tel-aviv--israel\",\"country\":\"Israel\"},{\"label\":\"\",\"value\":\"\"},{\"label\":\"Italy\",\"value\":\"\",\"slug\":\"italy\"},{\"label\":\"Milan\",\"value\":\"896c0c88-5ddd-11e8-92ee-1202be33576a\",\"slug\":\"milan\",\"country\":\"Italy\"},{\"label\":\"\",\"value\":\"\"},{\"label\":\"Japan\",\"value\":\"\",\"slug\":\"japan\"},{\"label\":\"Fukuoka\",\"value\":\"44c248e4-90fb-11e8-aa04-1202be33576a\",\"slug\":\"fukuoka\",\"country\":\"Japan\"},{\"label\":\"Kobe\",\"value\":\"6908001a-83d3-11e9-9d61-0ec6db7d2a3c\",\"slug\":\"kobe\",\"country\":\"Japan\"},{\"label\":\"Nagoya\",\"value\":\"d182da7a-23d4-11e9-a5f8-1202be33576a\",\"slug\":\"nagoya\",\"country\":\"Japan\"},{\"label\":\"Osaka\",\"value\":\"ebd43ad2-6e61-11e8-ba6c-1202be33576a\",\"slug\":\"osaka\",\"country\":\"Japan\"},{\"label\":\"Sapporo\",\"value\":\"661f1fbe-5d66-11f0-a764-0e85bcbec943\",\"slug\":\"sapporo\",\"country\":\"Japan\"},{\"label\":\"Sendai\",\"value\":\"58f5908e-fda8-11ea-bcee-0af92a8cff71\",\"slug\":\"sendai-d440a588-7f29-494e-8bee-84ba5e85f95d\",\"country\":\"Japan\"},{\"label\":\"Tokyo\",\"value\":\"f1989fae-68a8-11e7-8cce-0a636a339cd2\",\"slug\":\"tokyo\",\"country\":\"Japan\"},{\"label\":\"Yokohama\",\"value\":\"85638e94-8c41-11e8-bd8c-1202be33576a\",\"slug\":\"yokohama\",\"country\":\"Japan\"},{\"label\":\"\",\"value\":\"\"},{\"label\":\"Malaysia\",\"value\":\"\",\"slug\":\"malaysia\"},{\"label\":\"Kuala Lumpur\",\"value\":\"33968500-7560-11e8-b695-1202be33576a\",\"slug\":\"kuala-lumpur\",\"country\":\"Malaysia\"},{\"label\":\"\",\"value\":\"\"},{\"label\":\"Mexico\",\"value\":\"\",\"slug\":\"mexico\"},{\"label\":\"Guadalajara\",\"value\":\"fa462f4c-06d0-11e8-b15d-1202be33576a\",\"slug\":\"guadalajara\",\"country\":\"Mexico\"},{\"label\":\"Mexico City\",\"value\":\"6a2a28d4-4960-440f-af75-aa52c2d4e9bc\",\"slug\":\"mexico-city--DIF\",\"country\":\"Mexico\"},{\"label\":\"Monterrey\",\"value\":\"1ba68dd4-0b69-11e8-b8c8-1202be33576a\",\"slug\":\"monterrey\",\"country\":\"Mexico\"},{\"label\":\"\",\"value\":\"\"},{\"label\":\"Netherlands\",\"value\":\"\",\"slug\":\"netherlands\"},{\"label\":\"Amsterdam\",\"value\":\"425652bd-0850-4e8c-b339-67dcd761ff06\",\"slug\":\"amsterdam\",\"country\":\"Netherlands\"},{\"label\":\"\",\"value\":\"\"},{\"label\":\"Peru\",\"value\":\"\",\"slug\":\"peru\"},{\"label\":\"Lima\",\"value\":\"e6b61b0e-a780-11e7-902d-0a636a339cd2\",\"slug\":\"lima\",\"country\":\"Peru\"},{\"label\":\"\",\"value\":\"\"},{\"label\":\"Philippines\",\"value\":\"\",\"slug\":\"philippines\"},{\"label\":\"Manila\",\"value\":\"b1b0fe40-bc12-11e8-a457-1202be33576a\",\"slug\":\"manila\",\"country\":\"Philippines\"},{\"label\":\"\",\"value\":\"\"},{\"label\":\"Poland\",\"value\":\"\",\"slug\":\"poland\"},{\"label\":\"Warsaw\",\"value\":\"2839ab10-530f-11e8-b851-1202be33576a\",\"slug\":\"warsaw\",\"country\":\"Poland\"},{\"label\":\"\",\"value\":\"\"},{\"label\":\"Portugal\",\"value\":\"\",\"slug\":\"portugal\"},{\"label\":\"Lisbon\",\"value\":\"47900f8c-6d4f-11ec-aa73-0e6a5dc689cd\",\"slug\":\"lisbon\",\"country\":\"Portugal\"},{\"label\":\"\",\"value\":\"\"},{\"label\":\"Singapore\",\"value\":\"\",\"slug\":\"singapore\"},{\"label\":\"Singapore\",\"value\":\"461cc0e4-7c88-11e7-a45d-0a636a339cd2\",\"slug\":\"singapore\",\"country\":\"Singapore\"},{\"label\":\"\",\"value\":\"\"},{\"label\":\"South Africa\",\"value\":\"\",\"slug\":\"south-africa\"},{\"label\":\"Cape Town\",\"value\":\"cfac1666-4a54-11e9-a3c7-0ec6db7d2a3c\",\"slug\":\"cape-town\",\"country\":\"South Africa\"},{\"label\":\"Johannesburg\",\"value\":\"b93b474a-28b1-11e9-a02f-1202be33576a\",\"slug\":\"johannesburg--GP\",\"country\":\"South Africa\"},{\"label\":\"\",\"value\":\"\"},{\"label\":\"South Korea\",\"value\":\"\",\"slug\":\"south-korea\"},{\"label\":\"Busan\",\"value\":\"ca517a2a-e6c3-11e8-8cf1-1202be33576a\",\"slug\":\"busan\",\"country\":\"South Korea\"},{\"label\":\"Seoul\",\"value\":\"8eff5358-c3cf-4813-8355-1016d84519ae\",\"slug\":\"seoul\",\"country\":\"South Korea\"},{\"label\":\"\",\"value\":\"\"},{\"label\":\"Spain\",\"value\":\"\",\"slug\":\"spain\"},{\"label\":\"Barcelona\",\"value\":\"838055ee-b28a-11e7-afb6-0a636a339cd2\",\"slug\":\"barcelona\",\"country\":\"Spain\"},{\"label\":\"Madrid\",\"value\":\"637e5c08-88fc-11e7-bad5-0a636a339cd2\",\"slug\":\"madrid\",\"country\":\"Spain\"},{\"label\":\"\",\"value\":\"\"},{\"label\":\"Sweden\",\"value\":\"\",\"slug\":\"sweden\"},{\"label\":\"\",\"value\":\"\"},{\"label\":\"Thailand\",\"value\":\"\",\"slug\":\"thailand\"},{\"label\":\"Bangkok\",\"value\":\"59bd37b8-5550-11e8-a9dc-1202be33576a\",\"slug\":\"bangkok\",\"country\":\"Thailand\"},{\"label\":\"\",\"value\":\"\"},{\"label\":\"United Arab Emirates\",\"value\":\"\",\"slug\":\"united-arab-emirates\"},{\"label\":\"Abu Dhabi\",\"value\":\"93993818-6b4f-11e9-9b0b-0ec6db7d2a3c\",\"slug\":\"abu-dhabi\",\"country\":\"United Arab Emirates\"},{\"label\":\"Dubai\",\"value\":\"57baa414-4a55-11e9-85c5-0ec6db7d2a3c\",\"slug\":\"dubai\",\"country\":\"United Arab Emirates\"},{\"label\":\"\",\"value\":\"\"},{\"label\":\"United Kingdom\",\"value\":\"\",\"slug\":\"united-kingdom\"},{\"label\":\"Birmingham\",\"value\":\"d402393e-6b56-11e9-a595-0ec6db7d2a3c\",\"slug\":\"birmingham\",\"country\":\"United Kingdom\"},{\"label\":\"Cambridge\",\"value\":\"2a83b02e-4a4d-11e9-b6b2-0ec6db7d2a3c\",\"slug\":\"cambridge--united-kingdom\",\"country\":\"United Kingdom\"},{\"label\":\"Edinburgh\",\"value\":\"d7c88ab4-509e-11e9-b8c8-0ec6db7d2a3c\",\"slug\":\"edinburgh\",\"country\":\"United Kingdom\"},{\"label\":\"London\",\"value\":\"3b0e05dc-db03-4638-bcbd-33faffb4ba2b\",\"slug\":\"london\",\"country\":\"United Kingdom\"},{\"label\":\"Manchester\",\"value\":\"d2e6cc76-5691-11e7-bdbc-0a636a339cd2\",\"slug\":\"manchester\",\"country\":\"United Kingdom\"},{\"label\":\"\",\"value\":\"\"},{\"label\":\"Vietnam\",\"value\":\"\",\"slug\":\"vietnam\"},{\"label\":\"Ho Chi Minh City\",\"value\":\"2318f9da-9b1a-11e8-86ed-1202be33576a\",\"slug\":\"ho-chi-minh-city\",\"country\":\"Vietnam\"}],\"container_class\":\"\",\"element_class\":\"location-select\",\"admin_label\":\"\",\"help_text\":\"\",\"wrap_styles_border\":\"\",\"wrap_styles_width\":\"\",\"wrap_styles_margin\":\"\",\"wrap_styles_padding\":\"\",\"wrap_styles_float\":\"\",\"wrap_styles_show_advanced_css\":0,\"label_styles_border\":\"\",\"label_styles_width\":\"\",\"label_styles_font-size\":\"\",\"label_styles_margin\":\"\",\"label_styles_padding\":\"\",\"label_styles_float\":\"\",\"label_styles_show_advanced_css\":0,\"element_styles_border\":\"\",\"element_styles_width\":\"\",\"element_styles_font-size\":\"\",\"element_styles_margin\":\"\",\"element_styles_padding\":\"\",\"element_styles_float\":\"\",\"element_styles_show_advanced_css\":0,\"drawerDisabled\":\"\",\"saved\":false,\"nicename\":\"Location\",\"field_label\":\"Location\",\"field_key\":\"location_1554993960123\",\"cellOrder\":3,\"id\":522,\"beforeField\":\"\",\"afterField\":\"\",\"value\":\"\",\"parentType\":\"list\",\"element_templates\":[\"listselect\",\"input\"],\"old_classname\":\"list-select\",\"wrap_template\":\"wrap\"},{\"objectType\":\"Field\",\"objectDomain\":\"fields\",\"editActive\":false,\"order\":9,\"idAttribute\":\"id\",\"label\":\"I would like WeWork to email me exciting news, offers and surveys about WeWork's (and its partners') products and services. You can unsubscribe at any time by using the link at the end of each email.\",\"key\":\"i_would_like_wework_to_send_me_offers_and_other_communications_1557772665629\",\"type\":\"checkbox\",\"created_at\":\"2019-05-13 18:40:00\",\"label_pos\":\"right\",\"required\":\"\",\"container_class\":\"gdpr-container\",\"element_class\":\"\",\"manual_key\":true,\"admin_label\":\"\",\"help_text\":\"\",\"default_value\":\"unchecked\",\"checked_value\":\"true\",\"unchecked_value\":\"false\",\"drawerDisabled\":false,\"field_label\":\"I would like WeWork to send me exciting offers and other communications about WeWork\",\"field_key\":\"i_would_like_wework_to_send_me_exciting_offers_and_other_communications_about_wework_1554739399659\",\"checked_calc_value\":\"\",\"unchecked_calc_value\":\"\",\"wrap_styles_show_advanced_css\":0,\"label_styles_show_advanced_css\":0,\"element_styles_show_advanced_css\":0,\"cellcid\":\"c4218\",\"wrap_styles_border\":\"\",\"wrap_styles_width\":\"\",\"wrap_styles_margin\":\"\",\"wrap_styles_padding\":\"\",\"wrap_styles_float\":\"\",\"label_styles_border\":\"\",\"label_styles_width\":\"\",\"label_styles_font-size\":\"\",\"label_styles_margin\":\"\",\"label_styles_padding\":\"\",\"label_styles_float\":\"\",\"element_styles_border\":\"\",\"element_styles_width\":\"\",\"element_styles_font-size\":\"\",\"element_styles_margin\":\"\",\"element_styles_padding\":\"\",\"element_styles_float\":\"\",\"id\":25,\"beforeField\":\"\",\"afterField\":\"\",\"value\":\"\",\"parentType\":\"checkbox\",\"element_templates\":[\"checkbox\",\"input\"],\"old_classname\":\"\",\"wrap_template\":\"wrap\"},{\"objectType\":\"Field\",\"objectDomain\":\"fields\",\"editActive\":false,\"order\":10,\"idAttribute\":\"id\",\"type\":\"html\",\"label\":\"\",\"default\":\"<p>By clicking the button below, you agree to our&nbsp;<a href=\\\"https:\\\/\\\/www.wework.com\\\/legal\\\/terms-of-service\\\" target=\\\"_blank\\\" style=\\\"font-size: 13.3333px;\\\">Terms of Service<\\\/a>&nbsp;and acknowledge our&nbsp;<a href=\\\"https:\\\/\\\/www.wework.com\\\/legal\\\/global-privacy-policy\\\" style=\\\"font-size: 13.3333px;\\\">Global Privacy Policy<\\\/a>.<\\\/p>\",\"container_class\":\"width 100\",\"element_class\":\"width 100\",\"wrap_styles_border\":\"\",\"wrap_styles_width\":\"100%\",\"wrap_styles_margin\":\"\",\"wrap_styles_padding\":\"\",\"wrap_styles_float\":\"\",\"wrap_styles_show_advanced_css\":1,\"label_styles_border\":\"\",\"label_styles_width\":\"\",\"label_styles_font-size\":\"\",\"label_styles_margin\":\"\",\"label_styles_padding\":\"\",\"label_styles_float\":\"\",\"label_styles_show_advanced_css\":0,\"element_styles_border\":\"\",\"element_styles_width\":\"100%\",\"element_styles_font-size\":\"\",\"element_styles_margin\":\"\",\"element_styles_padding\":\"\",\"element_styles_float\":\"\",\"element_styles_show_advanced_css\":0,\"cellcid\":\"c4221\",\"key\":\"html_1588257629816\",\"drawerDisabled\":false,\"wrap_styles_border-style\":\"\",\"wrap_styles_display\":\"\",\"admin_label\":\"\",\"id\":131,\"beforeField\":\"\",\"afterField\":\"\",\"value\":\"<p>By clicking the button below, you agree to our&nbsp;<a href=\\\"https:\\\/\\\/www.wework.com\\\/legal\\\/terms-of-service\\\" target=\\\"_blank\\\" style=\\\"font-size: 13.3333px;\\\">Terms of Service<\\\/a>&nbsp;and acknowledge our&nbsp;<a href=\\\"https:\\\/\\\/www.wework.com\\\/legal\\\/global-privacy-policy\\\" style=\\\"font-size: 13.3333px;\\\">Global Privacy Policy<\\\/a>.<\\\/p>\",\"label_pos\":\"above\",\"parentType\":\"html\",\"element_templates\":[\"html\",\"input\"],\"old_classname\":\"\",\"wrap_template\":\"wrap\"},{\"objectType\":\"Field\",\"objectDomain\":\"fields\",\"editActive\":false,\"order\":11,\"idAttribute\":\"id\",\"label\":\"Submit\",\"key\":\"submit_1554741098461\",\"type\":\"submit\",\"created_at\":\"2019-04-11 14:18:43\",\"processing_label\":\"Processing\",\"container_class\":\"\",\"element_class\":\"\",\"field_label\":\"Submit\",\"field_key\":\"submit_1554741098461\",\"wrap_styles_show_advanced_css\":0,\"element_styles_show_advanced_css\":0,\"submit_element_hover_styles_show_advanced_css\":0,\"cellcid\":\"c4224\",\"admin_label\":\"\",\"id\":26,\"beforeField\":\"\",\"afterField\":\"\",\"value\":\"\",\"label_pos\":\"above\",\"parentType\":\"textbox\",\"element_templates\":[\"submit\",\"button\",\"input\"],\"old_classname\":\"\",\"wrap_template\":\"wrap-no-label\"}];nfForms.push(form);<\/script>\n                <script id=\"nf-tmpl-cell\" type=\"text\/template\">\r\n            <nf-fields>\r\n        <\/script>\r\n\r\n        <script id=\"nf-tmpl-row\" type=\"text\/template\">\r\n            <nf-cells>\r\n        <\/script>\r\n\r\n        \n\n\n<h2 class=\"wp-block-heading\" id=\"business-challenges-are-more-acute-due-to-the-pandemic\">Business challenges are more acute due to the pandemic<\/h2>\n\n\n\n<p>Employers and employees have always faced unique challenges. The pandemic in 2020 exacerbated these challenges, which are as follows:<\/p>\n\n\n\n<p><strong>Employer challenges:&nbsp;<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Forecasting revenue and fixed and variable expenses in highly volatile periods<\/li><li>Facing operational challenges when building a brand, products, and services<\/li><li>Cost reduction and operational efficiencies have become even higher priorities in 2020. Adapting to this priority shift requires significant resources and can take a protracted amount of time with varying uncertainty of the outcome<\/li><\/ul>\n\n\n\n<p><strong>Employee challenges:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>How to feel productive in different environments. Some feel more <a href=\"https:\/\/www.wework.com\/ideas\/worklife\/does-productivity-increase-when-working-remotely\">productive at home<\/a>, some in the office, some somewhere in between<\/li><li>While working from home, it might be difficult to innovate, as innovation is often <a href=\"https:\/\/www.wework.com\/ideas\/growth-innovation\/the-impact-of-working-from-home-on-collaboration\">most effective through in-person collaboration<\/a><\/li><li>While working from home, employees <a href=\"https:\/\/www.businesswire.com\/news\/home\/20200728005339\/en\/Majority-Americans-Feel-Connected-Company-Culture-Working\">have a harder time maintaining a strong sense of community<\/a> and feeling connected to the company&rsquo;s mission<\/li><li>Employees don&rsquo;t want to <em>only<\/em> work from home. A WeWork and brightspot study showed that <a href=\"https:\/\/www.wework.com\/ideas\/growth-innovation\/the-impact-of-working-from-home-on-collaboration\">90 percent of employees say they want to be in an office<\/a>, at least once a week<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"a-new-solution-to-business-challenges\">A new solution to business challenges<\/h2>\n\n\n\n<p>While these challenges are not all new, the world&rsquo;s approach to solving them has evolved. Previously, business leaders had only two options to solve these challenges: bringing employees back to the <a href=\"https:\/\/www.wework.com\/ideas\/office-design-space\/find-commercial-office-space\">traditional office<\/a> or allowing them to <a href=\"https:\/\/www.wework.com\/ideas\/worklife\/how-to-work-from-home\">work from home<\/a>. But each option had a trade-off.&nbsp;<\/p>\n\n\n\n<ol class=\"wp-block-list\"><li><strong>Bringing employees back to traditional offices:<\/strong> This may solve many of the challenges employees face while working from home. But it does not address employer challenges. That&rsquo;s because procuring, designing, <a href=\"https:\/\/www.wework.com\/ideas\/office-design-space\/commercial-real-estate-build-out-costs\">building, and operating large amounts of office space<\/a> do not align with the primary objective of the head of commercial real estate, which is to identify and drive cost savings for the company.&nbsp;<\/li><li><strong>Maintaining a permanent work from home model:<\/strong> Enforcing more <a href=\"https:\/\/www.wework.com\/ideas\/worklife\/benefits-of-working-remotely\">remote work<\/a> policies may solve some employer challenges, but does not address employee challenges. Across industries, studies show that <a href=\"https:\/\/advisory.kpmg.us\/articles\/2020\/covid-american-worker.html\">employees want to return to an office<\/a>, at least part of the time.<\/li><\/ol>\n\n\n\n<p>In the past, you would have to compromise. There wasn&rsquo;t a situation that could achieve the objectives of both the head of commercial real estate (to keep costs low) and the head of people (to keep employees happy).&nbsp;<\/p>\n\n\n\n<p>In 2020, however, with <a href=\"https:\/\/www.wework.com\/info\/the-future-of-work-is-flexible?utm_source=ideas&amp;utm_medium=article&amp;utm_campaign=BTW_THTW&amp;utm_content=Insights\">flexible real estate<\/a>, you can. You can bring people back to the office and save money at the same time. Going forward, flexible real estate is the most effective tool to solve the above problems without compromise.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"real-estate-of-the-future\">Real estate of the future<\/h2>\n\n\n\n<p>In the past, companies&rsquo; real estate portfolios were static, with most companies under long-term leases. Going forward, due to the ever-changing needs of businesses and employees wanting more options of where they work, there is going to be more demand and utilization of <a href=\"https:\/\/www.wework.com\/workspace\/on-demand\/all-access\">short-term flexible and on-demand space<\/a>. In the future, there will be much more elastic real estate portfolios, with a heavier emphasis on flexible real estate.&nbsp;<\/p>\n\n\n\n<p>The illustration below shows the ongoing transition of businesses&rsquo; <a href=\"https:\/\/www.wework.com\/ideas\/office-design-space\/what-is-commercial-real-estate\">real estate portfolios<\/a>.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"400\" src=\"\/ideas\/wp-content\/uploads\/sites\/4\/2020\/11\/Flexible_Solutions_3-pies.gif\" alt=\"\" class=\"wp-image-3000023200\"><\/figure>\n\n\n\n<p>Companies will increasingly utilize a mixture of four models of space:&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Long-term dedicated offices:<\/strong> These offices will be used for companies with stable headcounts that have had significant capital investment in major headquarters, with the willingness to accept the downside risk.<\/li><li><strong>Shorter-term flexible offices:<\/strong> Companies will use these offices for every other office need. (WeWork is uniquely well placed, with a portfolio of over 800 locations worldwide and office sizes that fit anywhere between one to 1,000 people. WeWork offers terms from one month to three years on spaces that are move-in ready and fully equipped with amenities.)<\/li><li><strong>On-demand offices:<\/strong> Companies could allow their employees to <a href=\"https:\/\/www.wework.com\/ideas\/brokers\/one-key-to-any-office-a-flexible-option-for-workspace\">work from offices anywhere<\/a>, utilizing flexible space in an ad hoc, as-needed way. (WeWork enables this with <a href=\"https:\/\/www.wework.com\/workspace\/on-demand\/all-access\">All Access<\/a>. For one monthly fee, you can allow your employees to work in any of <a href=\"https:\/\/www.wework.com\/ideas\/office-design-space\/visit-any-of-these-spaces-with-wework-all-access\">hundreds of WeWork locations<\/a> across 150 cities. Just as with the use of any other WeWork space, a company does not have to retain the operational and financial obligations of a dedicated office.)&nbsp;&nbsp;<\/li><li><strong>Work from home (WFH) part-time:<\/strong> Given the various changes occurring across all industries, there will likely be a greater allowance for employees to work from their homes, at least part of the time.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"how-businesses-can-successfully-rebuild-their-portfolios\">How businesses can successfully rebuild their portfolios<\/h2>\n\n\n\n<p>In order to build real estate portfolios of the future, companies will need to intentionally adjust and optimize the amount, usage, and location of their spaces on a frequent, ongoing basis. Here are a few things companies should consider to get it right.<\/p>\n\n\n\n<ol class=\"wp-block-list\"><li><strong>Company priorities:<\/strong> Business leaders should ensure the priorities of the business are reflected in the real estate strategy. Some priorities to consider are: minimizing downside risk, redirecting capital investments allocated to real estate, operational efficiency, and focusing on talent.&nbsp;<\/li><li><strong>Metrics:<\/strong> Using the right data, companies can stop guessing how much real estate their employees are occupying. That will allow them to stabilize annual real estate budget per employee, limit up-front capital investment, measure total obligations and average lease expiration, utilization, square footage per employee, and employee satisfaction.<\/li><li><strong>Time horizon:<\/strong> Businesses used to forecast real estate needs in 10-year spans since that&rsquo;s how leases with landlords are structured. But a company&rsquo;s forecasting period for headcount is significantly shorter. With flexible real estate, a business can estimate budgeting and headcount growth just one to two years out, as opposed to five years or more.&nbsp;<\/li><li><strong>Employee feedback:<\/strong> Businesses ought to make real estate decisions based on what employees want. Through surveys and consistent reevaluations, companies can determine individual employee preferences for where and how they prefer to work.&nbsp;<\/li><li><strong>Space options:<\/strong> Companies should use various kinds of office space in the future, including long- and short-term offices, on-demand offices, and working from their homes. There are more options for workspace than before, including <a href=\"https:\/\/www.wework.com\/workspace\/on-demand\/all-access\">WeWork All Access<\/a>, which allows employees to work from offices that they choose. Business leaders can now bundle these variations when rebuilding their portfolios for maximum flexibility.<\/li><li><strong>Flexible deal structures: <\/strong>WeWork is exploring new flexible options available to businesses, such as allowing the transfer of financial obligations within a region from one asset to another. This would make the <a href=\"https:\/\/www.wework.com\/ideas\/office-design-space\/the-hub-and-spoke-model-as-demonstrated-by-wework\">hub-and-spoke model<\/a> shown below a viable solution, allowing businesses to adjust their &ldquo;spokes&rdquo; throughout a city on a periodic basis.&nbsp;<\/li><\/ol>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"450\" src=\"\/ideas\/wp-content\/uploads\/sites\/4\/2020\/11\/MAP_800.gif\" alt=\"\" class=\"wp-image-3000023219\"><\/figure>\n\n\n\n<p>We will look back on 2020 as the year that the corporate real estate industry went through a necessary structural change that benefits the users by making <a href=\"https:\/\/www.wework.com\/info\/the-future-of-work-is-flexible?utm_source=ideas&amp;utm_medium=article&amp;utm_campaign=BTW_THTW&amp;utm_content=Insights\">real estate flexible<\/a>, in the same way cloud computing has benefited so many companies in the past decade. This is a major structural shift for corporate real estate that has been accelerated by the pandemic.&nbsp;<\/p>\n\n\n\n<p>Businesses transitioning from traditional forms of real estate usage to more flexible ones will <a href=\"https:\/\/www.wework.com\/tomorrow\/get-started?utm_source=ideas&amp;utm_medium=article&amp;utm_campaign=BTW_THTW&amp;utm_content=Insights\">need to think differently<\/a> as they go through this change. But there is no need for concern&mdash;we are simply going through the same transition that many other industries have been through in previous years. The shift to flexible real estate will enable companies to adapt at speed, with certainty, with less downside, and with no compromise to the employee experience.<\/p>\n\n\n\n<p><em>Michael King is a senior director in the enterprise team at WeWork, responsible for the implementation and execution of transaction and portfolio strategies for WeWork&rsquo;s largest clients. King holds a Master of Applied Finance and has experience in leasing, valuation, acquisitions, and divestments across office, retail, and industrial sectors, executing transactions in Australia, Europe, and the U.S. Prior to WeWork, King worked in investments for a market-leading REIT.<\/em><\/p>\n<\/body><\/html>\n","protected":false},"excerpt":{"rendered":"<p>More companies are turning to flexible real estate to solve long-held challenges exacerbated by the pandemic<\/p>\n","protected":false},"author":1785,"featured_media":3000023196,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[43906,43901],"tags":[508,43880,43887],"class_list":["post-3000023188","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-expert-insights","category-research-insights","tag-flexibility","tag-real-estate-strategy","tag-flexible-space"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.4 (Yoast SEO v25.3.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How to build a flexible real estate portfolio of the future<\/title>\n<meta name=\"description\" content=\"More companies are turning to flexible real estate to solve long-held challenges exacerbated by the pandemic.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.wework.com\/ideas\/research-insights\/expert-insights\/how-to-build-a-flexible-real-estate-portfolio-of-the-future\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How to build a flexible real estate portfolio of the future\" \/>\n<meta property=\"og:description\" content=\"More companies are turning to flexible real estate to solve long-held challenges exacerbated by the pandemic.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.wework.com\/ideas\/research-insights\/expert-insights\/how-to-build-a-flexible-real-estate-portfolio-of-the-future\" \/>\n<meta property=\"og:site_name\" content=\"Ideas\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-09T17:57:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-11-09T22:00:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.wework.com\/ideas\/wp-content\/uploads\/sites\/4\/2020\/11\/Web_150DPI-20200901_WeWork_1840-Gateway-Drive-San-Mateo_004_FB.jpg?fit=1200%2C675\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Anjie Zheng\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:description\" content=\"More companies are turning to flexible real estate to solve long-held challenges exacerbated by the pandemic.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.wework.com\/ideas\/wp-content\/uploads\/sites\/4\/2020\/11\/Web_150DPI-20200901_WeWork_1840-Gateway-Drive-San-Mateo_004_twitter.jpg?fit=1024%2C576\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Anjie Zheng\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"8 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.wework.com\/ideas\/research-insights\/expert-insights\/how-to-build-a-flexible-real-estate-portfolio-of-the-future#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.wework.com\/ideas\/research-insights\/expert-insights\/how-to-build-a-flexible-real-estate-portfolio-of-the-future\"},\"author\":{\"name\":\"Anjie Zheng\",\"@id\":\"https:\/\/www.wework.com\/ideas\/#\/schema\/person\/dec52469290509bed1de29427cf09c77\"},\"headline\":\"How to build a flexible real estate portfolio of the future\",\"datePublished\":\"2020-11-09T17:57:43+00:00\",\"dateModified\":\"2020-11-09T22:00:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.wework.com\/ideas\/research-insights\/expert-insights\/how-to-build-a-flexible-real-estate-portfolio-of-the-future\"},\"wordCount\":1616,\"publisher\":{\"@id\":\"https:\/\/www.wework.com\/ideas\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.wework.com\/ideas\/research-insights\/expert-insights\/how-to-build-a-flexible-real-estate-portfolio-of-the-future#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.wework.com\/ideas\/wp-content\/uploads\/sites\/4\/2020\/11\/Web_150DPI-20200901_WeWork_1840-Gateway-Drive-San-Mateo_004_v1.jpg?fit=1440%2C810\",\"keywords\":[\"Flexibility\",\"Real Estate Strategy\",\"Flexible Space\"],\"articleSection\":[\"Expert Insights\",\"Research and Insights\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.wework.com\/ideas\/research-insights\/expert-insights\/how-to-build-a-flexible-real-estate-portfolio-of-the-future\",\"url\":\"https:\/\/www.wework.com\/ideas\/research-insights\/expert-insights\/how-to-build-a-flexible-real-estate-portfolio-of-the-future\",\"name\":\"How to build a flexible real estate portfolio of the future\",\"isPartOf\":{\"@id\":\"https:\/\/www.wework.com\/ideas\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.wework.com\/ideas\/research-insights\/expert-insights\/how-to-build-a-flexible-real-estate-portfolio-of-the-future#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.wework.com\/ideas\/research-insights\/expert-insights\/how-to-build-a-flexible-real-estate-portfolio-of-the-future#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.wework.com\/ideas\/wp-content\/uploads\/sites\/4\/2020\/11\/Web_150DPI-20200901_WeWork_1840-Gateway-Drive-San-Mateo_004_v1.jpg?fit=1440%2C810\",\"datePublished\":\"2020-11-09T17:57:43+00:00\",\"dateModified\":\"2020-11-09T22:00:06+00:00\",\"description\":\"More companies are turning to flexible real estate to solve long-held challenges exacerbated by the pandemic.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.wework.com\/ideas\/research-insights\/expert-insights\/how-to-build-a-flexible-real-estate-portfolio-of-the-future#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.wework.com\/ideas\/research-insights\/expert-insights\/how-to-build-a-flexible-real-estate-portfolio-of-the-future\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.wework.com\/ideas\/research-insights\/expert-insights\/how-to-build-a-flexible-real-estate-portfolio-of-the-future#primaryimage\",\"url\":\"https:\/\/www.wework.com\/ideas\/wp-content\/uploads\/sites\/4\/2020\/11\/Web_150DPI-20200901_WeWork_1840-Gateway-Drive-San-Mateo_004_v1.jpg?fit=1440%2C810\",\"contentUrl\":\"https:\/\/www.wework.com\/ideas\/wp-content\/uploads\/sites\/4\/2020\/11\/Web_150DPI-20200901_WeWork_1840-Gateway-Drive-San-Mateo_004_v1.jpg?fit=1440%2C810\",\"width\":1440,\"height\":810,\"caption\":\"WeWork 1840 Gateway Drive in San Mateo, CA.\u00a0Photograph and Animations\u00a0by WeWork\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.wework.com\/ideas\/research-insights\/expert-insights\/how-to-build-a-flexible-real-estate-portfolio-of-the-future#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"\/ideas\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Research and Insights\",\"item\":\"\/ideas\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Expert Insights\",\"item\":\"\/ideas\"},{\"@type\":\"ListItem\",\"position\":4,\"name\":\"How to build a flexible real estate portfolio of the future\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.wework.com\/ideas\/#website\",\"url\":\"https:\/\/www.wework.com\/ideas\/\",\"name\":\"Ideas\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.wework.com\/ideas\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.wework.com\/ideas\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.wework.com\/ideas\/#organization\",\"name\":\"WeWork\",\"url\":\"https:\/\/www.wework.com\/ideas\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.wework.com\/ideas\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.wework.com\/ideas\/wp-content\/uploads\/sites\/4\/2019\/04\/welogo_black_55x55.jpg?fit=55%2C55\",\"contentUrl\":\"https:\/\/www.wework.com\/ideas\/wp-content\/uploads\/sites\/4\/2019\/04\/welogo_black_55x55.jpg?fit=55%2C55\",\"width\":55,\"height\":55,\"caption\":\"WeWork\"},\"image\":{\"@id\":\"https:\/\/www.wework.com\/ideas\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.wework.com\/ideas\/#\/schema\/person\/dec52469290509bed1de29427cf09c77\",\"name\":\"Anjie Zheng\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.wework.com\/ideas\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/38d0994a20e5943531078536846c12e14cb8a5f1deff9c99597da0b07b6ee8d7?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/38d0994a20e5943531078536846c12e14cb8a5f1deff9c99597da0b07b6ee8d7?s=96&d=mm&r=g\",\"caption\":\"Anjie Zheng\"},\"description\":\"Anjie Zheng is the editor of\u00a0Ideas by WeWork. Previously, she was a reporter for the\u00a0Wall Street Journal. Her work has also appeared in\u00a0Fast Company,\u00a0Quartz, and\u00a0LitHub.\",\"url\":\"https:\/\/www.wework.com\/ideas\/author\/anjiezheng\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"How to build a flexible real estate portfolio of the future","description":"More companies are turning to flexible real estate to solve long-held challenges exacerbated by the pandemic.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.wework.com\/ideas\/research-insights\/expert-insights\/how-to-build-a-flexible-real-estate-portfolio-of-the-future","og_locale":"en_US","og_type":"article","og_title":"How to build a flexible real estate portfolio of the future","og_description":"More companies are turning to flexible real estate to solve long-held challenges exacerbated by the pandemic.","og_url":"https:\/\/www.wework.com\/ideas\/research-insights\/expert-insights\/how-to-build-a-flexible-real-estate-portfolio-of-the-future","og_site_name":"Ideas","article_published_time":"2020-11-09T17:57:43+00:00","article_modified_time":"2020-11-09T22:00:06+00:00","og_image":[{"width":1200,"height":675,"url":"https:\/\/www.wework.com\/ideas\/wp-content\/uploads\/sites\/4\/2020\/11\/Web_150DPI-20200901_WeWork_1840-Gateway-Drive-San-Mateo_004_FB.jpg?fit=1200%2C675","type":"image\/jpeg"}],"author":"Anjie Zheng","twitter_card":"summary_large_image","twitter_description":"More companies are turning to flexible real estate to solve long-held challenges exacerbated by the pandemic.","twitter_image":"https:\/\/www.wework.com\/ideas\/wp-content\/uploads\/sites\/4\/2020\/11\/Web_150DPI-20200901_WeWork_1840-Gateway-Drive-San-Mateo_004_twitter.jpg?fit=1024%2C576","twitter_misc":{"Written by":"Anjie Zheng","Est. reading time":"8 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.wework.com\/ideas\/research-insights\/expert-insights\/how-to-build-a-flexible-real-estate-portfolio-of-the-future#article","isPartOf":{"@id":"https:\/\/www.wework.com\/ideas\/research-insights\/expert-insights\/how-to-build-a-flexible-real-estate-portfolio-of-the-future"},"author":{"name":"Anjie Zheng","@id":"https:\/\/www.wework.com\/ideas\/#\/schema\/person\/dec52469290509bed1de29427cf09c77"},"headline":"How to build a flexible real estate portfolio of the future","datePublished":"2020-11-09T17:57:43+00:00","dateModified":"2020-11-09T22:00:06+00:00","mainEntityOfPage":{"@id":"https:\/\/www.wework.com\/ideas\/research-insights\/expert-insights\/how-to-build-a-flexible-real-estate-portfolio-of-the-future"},"wordCount":1616,"publisher":{"@id":"https:\/\/www.wework.com\/ideas\/#organization"},"image":{"@id":"https:\/\/www.wework.com\/ideas\/research-insights\/expert-insights\/how-to-build-a-flexible-real-estate-portfolio-of-the-future#primaryimage"},"thumbnailUrl":"https:\/\/www.wework.com\/ideas\/wp-content\/uploads\/sites\/4\/2020\/11\/Web_150DPI-20200901_WeWork_1840-Gateway-Drive-San-Mateo_004_v1.jpg?fit=1440%2C810","keywords":["Flexibility","Real Estate Strategy","Flexible Space"],"articleSection":["Expert Insights","Research and Insights"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.wework.com\/ideas\/research-insights\/expert-insights\/how-to-build-a-flexible-real-estate-portfolio-of-the-future","url":"https:\/\/www.wework.com\/ideas\/research-insights\/expert-insights\/how-to-build-a-flexible-real-estate-portfolio-of-the-future","name":"How to build a flexible real estate portfolio of the future","isPartOf":{"@id":"https:\/\/www.wework.com\/ideas\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.wework.com\/ideas\/research-insights\/expert-insights\/how-to-build-a-flexible-real-estate-portfolio-of-the-future#primaryimage"},"image":{"@id":"https:\/\/www.wework.com\/ideas\/research-insights\/expert-insights\/how-to-build-a-flexible-real-estate-portfolio-of-the-future#primaryimage"},"thumbnailUrl":"https:\/\/www.wework.com\/ideas\/wp-content\/uploads\/sites\/4\/2020\/11\/Web_150DPI-20200901_WeWork_1840-Gateway-Drive-San-Mateo_004_v1.jpg?fit=1440%2C810","datePublished":"2020-11-09T17:57:43+00:00","dateModified":"2020-11-09T22:00:06+00:00","description":"More companies are turning to flexible real estate to solve long-held challenges exacerbated by the pandemic.","breadcrumb":{"@id":"https:\/\/www.wework.com\/ideas\/research-insights\/expert-insights\/how-to-build-a-flexible-real-estate-portfolio-of-the-future#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.wework.com\/ideas\/research-insights\/expert-insights\/how-to-build-a-flexible-real-estate-portfolio-of-the-future"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.wework.com\/ideas\/research-insights\/expert-insights\/how-to-build-a-flexible-real-estate-portfolio-of-the-future#primaryimage","url":"https:\/\/www.wework.com\/ideas\/wp-content\/uploads\/sites\/4\/2020\/11\/Web_150DPI-20200901_WeWork_1840-Gateway-Drive-San-Mateo_004_v1.jpg?fit=1440%2C810","contentUrl":"https:\/\/www.wework.com\/ideas\/wp-content\/uploads\/sites\/4\/2020\/11\/Web_150DPI-20200901_WeWork_1840-Gateway-Drive-San-Mateo_004_v1.jpg?fit=1440%2C810","width":1440,"height":810,"caption":"WeWork 1840 Gateway Drive in San Mateo, CA.\u00a0Photograph and Animations\u00a0by WeWork"},{"@type":"BreadcrumbList","@id":"https:\/\/www.wework.com\/ideas\/research-insights\/expert-insights\/how-to-build-a-flexible-real-estate-portfolio-of-the-future#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"\/ideas"},{"@type":"ListItem","position":2,"name":"Research and Insights","item":"\/ideas"},{"@type":"ListItem","position":3,"name":"Expert Insights","item":"\/ideas"},{"@type":"ListItem","position":4,"name":"How to build a flexible real estate portfolio of the future"}]},{"@type":"WebSite","@id":"https:\/\/www.wework.com\/ideas\/#website","url":"https:\/\/www.wework.com\/ideas\/","name":"Ideas","description":"","publisher":{"@id":"https:\/\/www.wework.com\/ideas\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.wework.com\/ideas\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.wework.com\/ideas\/#organization","name":"WeWork","url":"https:\/\/www.wework.com\/ideas\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.wework.com\/ideas\/#\/schema\/logo\/image\/","url":"https:\/\/www.wework.com\/ideas\/wp-content\/uploads\/sites\/4\/2019\/04\/welogo_black_55x55.jpg?fit=55%2C55","contentUrl":"https:\/\/www.wework.com\/ideas\/wp-content\/uploads\/sites\/4\/2019\/04\/welogo_black_55x55.jpg?fit=55%2C55","width":55,"height":55,"caption":"WeWork"},"image":{"@id":"https:\/\/www.wework.com\/ideas\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/www.wework.com\/ideas\/#\/schema\/person\/dec52469290509bed1de29427cf09c77","name":"Anjie Zheng","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.wework.com\/ideas\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/38d0994a20e5943531078536846c12e14cb8a5f1deff9c99597da0b07b6ee8d7?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/38d0994a20e5943531078536846c12e14cb8a5f1deff9c99597da0b07b6ee8d7?s=96&d=mm&r=g","caption":"Anjie Zheng"},"description":"Anjie Zheng is the editor of\u00a0Ideas by WeWork. Previously, she was a reporter for the\u00a0Wall Street Journal. Her work has also appeared in\u00a0Fast Company,\u00a0Quartz, and\u00a0LitHub.","url":"https:\/\/www.wework.com\/ideas\/author\/anjiezheng"}]}},"jetpack_featured_media_url":"https:\/\/www.wework.com\/ideas\/wp-content\/uploads\/sites\/4\/2020\/11\/Web_150DPI-20200901_WeWork_1840-Gateway-Drive-San-Mateo_004_v1.jpg?fit=1440%2C810","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.wework.com\/ideas\/wp-json\/wp\/v2\/posts\/3000023188","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.wework.com\/ideas\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.wework.com\/ideas\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.wework.com\/ideas\/wp-json\/wp\/v2\/users\/1785"}],"replies":[{"embeddable":true,"href":"https:\/\/www.wework.com\/ideas\/wp-json\/wp\/v2\/comments?post=3000023188"}],"version-history":[{"count":17,"href":"https:\/\/www.wework.com\/ideas\/wp-json\/wp\/v2\/posts\/3000023188\/revisions"}],"predecessor-version":[{"id":3000023637,"href":"https:\/\/www.wework.com\/ideas\/wp-json\/wp\/v2\/posts\/3000023188\/revisions\/3000023637"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.wework.com\/ideas\/wp-json\/wp\/v2\/media\/3000023196"}],"wp:attachment":[{"href":"https:\/\/www.wework.com\/ideas\/wp-json\/wp\/v2\/media?parent=3000023188"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.wework.com\/ideas\/wp-json\/wp\/v2\/categories?post=3000023188"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.wework.com\/ideas\/wp-json\/wp\/v2\/tags?post=3000023188"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}