Flex Spaces

Versatile industrial-office hybrid spaces for R&D, creative production, and light manufacturing.

The BHR Guide to Flex Spaces

Flex space is the fastest-growing segment of New York's commercial real estate market — hybrid buildings combining industrial functionality with office-quality finishes to accommodate life sciences, creative production, technology, and light manufacturing tenants. The convergence of remote work, advanced manufacturing, and New York's growing life sciences ecosystem has created unprecedented demand.

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14
Active Listings
$450/sqft
Avg. Price
7.4%
Cap Rate
High Growth
Submarket Trend
Convertible Configuration

Flex buildings are designed to be reconfigured — from open production floor to private office suites — accommodating the evolving needs of growing businesses.

Life Sciences Ready

New York's emerging life sciences district in East Side Access, Kips Bay, and Long Island City is driving demand for GMP-compliant flex laboratory and production space.

Creative Studio Demand

Film production, music studios, fashion showrooms, and media companies require precisely the combination of clear-span space and professional finishes that flex buildings provide.

Tech Campus Potential

Large flex campuses in outer boroughs and suburban submarkets are attractive to technology companies seeking to co-locate engineering and operations teams.

Available Flex Spaces

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