Executive Suites Consolidation Will Not Come Soon Enough
Are you looking for an industry where sparks are flying? Where companies are consolidating at breakneck speed? Where the a new leading edge is honed every day? Well, don’t look at the executive suites industry. Yes, there are lots of great things happening. Yes, companies are forming alliances, others are merging. But it’s still a very young industry, just a few decades old. It’s also an industry that is very fragmented with almost as many companies as locations, which leads to an industry that is light on capital.
But all that is changing. As we mentioned in yesterday’s post, key workplace think tanks such as CoreNet are addressing and discussing alternative workplace strategies. Landlords and brokers are finding the industry to be more enticing during this downturn, and are slowly dipping their toes in the water. And of course, companies and individuals are looking for different ways to work, and at a lower cost.
And despite this change, true consolidation is a long way off. Once the industry matures — say in 20 years — we will see some significant consolidation. Until then, it’s still the Wild West. So our advice is to get on the horse, hold on tight and don’t let go!
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