Savills is launching a flexible office brand called ‘Pivot’. The service will be offered to landlords in the UK to provide turnkey office space to their tenants.
Primer: ‘Flexible Office’ refers to an office with multiple work environments that can be easily reconfigured to meet a tenant’s needs. It’s common to find modular furniture, open areas, and demountable walls.
Late to the party: CBRE opened its flexible office division called ‘Hana’ in November, joining many landlords (e.g. Tishman Speyer, Ivanhoé Cambridge) who are turning in-house to outfit their spaces, instead of working with operators like WeWork and Convene.