What is Flex space in commercial real estate?

Flex space is a term used in commercial real estate that refers to a unit or group of units within a property that can be adapted for use by multiple tenants. The concept of flex space is similar to that of an industrial park, where businesses share common facilities and infrastructure. Flex space is typically found in properties that have been converted for another use, such as warehouses or manufacturing plants.

In commercial real estate, flex space is a term used to describe a type of office or industrial space that can be easily adapted to suit the specific needs ...