CBRE acquires stake in flex-space provider Industrious
CBRE has acquired a 35 percent interest in flex-space provide, Industrious, with an option to grow its investment to a 40 percent total stake. The investment significantly increases CBRE’s participation in the flexible workplace sector and positions the company to meet rising demand from occupiers for agile space solutions – a trend that is being accelerated by the Covid-19 pandemic. Recent CBRE surveys show that 86 percent of its occupier clients, which include many of the world’s largest global corporations, plan to incorporate flex office space in their real estate strategies, and 8...