Jeddah sees big demand for flexible workspace solutions

Jeddah sees big demand for flexible workspace solutions

Supporting the city’s dynamic business environment, employees in Jeddah are turning to co-working spaces, hotels and retail outlets as office alternatives, highlighted real estate expert JLL during its Future of Work exclusive roundtable.

In the first quarter of this year, the total existing office stock in Jeddah stood at approximately 1.2 million sq. m. with an additional 61,000 sq. m. scheduled to enter the market over the remainder of this year, whereas Jeddah’s retail stock increased to 1.8 million sq. m. with 478,000 sq. m. of retail floorspace scheduled for this year.

This reflects new opportunities for businesses seeking modern and innovative workspaces in the city, stated the experts.

The event witnessed experts and thought leaders from global real estate consultancy firm JLL, who shared valuable insights on emerging workplace trends and its profound impact on the Kingdom’s real estate sector.

The roundtable enabled attendees to explore the escalating adoption of flexible work models, the integration of advanced workplace technologies, and the rising importance of sustainability in corporate real estate. Furthermore, the crucial role of creating exceptional ‘people experiences’ within organizations and work environments was also emphasized.

Speaking at the roundtable, Saud Alsulaimani, Country Head, KSA, said: "Corporate Real Estate is at a critical decision