Flex space in commercial real estate is a flexible property used as an office, industrial room, or both. These types of spaces typically start as a warehouse, and office space is added inside to create an office and work floor.
A flex space is a significant commercial real estate investment as it builds on a growing trend in property rentals. Many startup companies look for flex spaces as they allow the company to have the warehouse and office space they need all in one place. Flex spaces tend to be less expensive to maintain and are easier to customize for future tenants.