NEW YORK -- Boxer Property, which manages over 13 million square feet of commercial buildings across major U.S. cities, including over 2 million square feet of collaborative workspace, has entered a data alliance with CoworkIntel, a market intelligence platform for the flexible workspace sector. Part of The Instant Group, CoworkIntel’s preeminent data platform, with dashboards and search functionality, connects tens of thousands of spaces to deliver unique market insights on supply, demand, pricing, revenue and comparative data sets.
While the flex space industry is growing, with demand up 4% globally in the first half of 2023 versus the same period in 2022, capturing reliable market data is a challenge for operators. There is no independent industry benchmark for driving performance in the sector and the data has historically been opaque. A first for this sector, the CoworkIntel platform anonymizes and aggregates market data, empowering operators, landlords and other stakeholders to access deeper, more robust shared insights via a contribution model, helping them gain more clarity on the marketplace and ultimately optimize business performance.
The Instant Group invested in CoworkIntel in 2022 to bring transparency and accessibility to the flexible workspace industry. The powerful combination of Instant’s 24+ years of market data and insights and CoworkIntel’s data and analytics capabilities provide a deeper understanding of flexible workspace and its position within the wider office market. Covering over 4,000 global markets, The Instant Group and CoworkIntel provide data at scale for stakeholders across the market to inform growth strategies, enhance business performance, increase profitability and forecast future market trends.
Justin Segal, President of Boxer Property commented, “We have been working with The Instant Group for years, and this latest strategic collaboration reflects our mutual commitment to accurate market data for making better, more transparent and informed investment decisions.”
Laurence Edwards, Head of Sales, CoworkIntel, noted “Boxer’s involvement is a critical part of the continued success of CoworkIntel. Its data helps CoworkIntel provide a broader view of the flex space market, and we’re excited to see the positive impact that data transparency will have in both the U.S. and globally as the flex sector continues to grow.”
To join the data exchange click here.
About CoworkIntel
CoworkIntel, part of The Instant Group, is building the authoritative source of market intelligence for the flexible workspace industry, empowering real estate investors, landlords, brokers, developers, and coworking and flexible workspace operators to make smarter investment decisions. CoworkIntel’s data exchange platform cuts through the opaqueness of the industry and gives users instant clarity on market dynamics such as demand, transactions, rates and occupancy data. The aggregated and anonymized approach is a first of its kind for the industry, unlocking data accuracy, the ability to benchmark performance across the market and make informed assessments of new workspace locations. For more information visit www.coworkintel.com.
About The Instant Group
The Instant Group has been rethinking workspace since 1999 with over 500 experts working globally across more than 175 countries. Instant's digital platforms constitute the world's largest digital marketplace for flexible workspace listing meeting rooms, virtual offices, flexible office space and coworking memberships. Its global team advises on commercial real estate solutions from serviced offices to fully customized managed offices, and consulting services for portfolio and net zero strategies. Instant's approach enables agility, hybrid working solutions and improved operational resilience for more than 250,000 businesses every year. Clients include Prudential, Booking.com, Shell, Jaguar Land Rover and GSK. Instant has global offices including London, Paris, New York, Hong Kong, Singapore and Sydney.
About Boxer Property
Boxer Property is celebrating over 30 years as an innovative commercial real estate investment and management company. Boxer Property Management Corporation is a privately held firm based in Houston that manages, leases, and administers retail, medical, hospitality, and office properties with over 15 million square feet across more than 140 locations, nationwide. For more information, visit BoxerProperty.com