Regus CEO: Corporate America Renting, Not Buying Office Space

The demand for variable office space has skyrocketed in the past few years as more companies seek to reduce fixed expenses and increase flexibility.
Author:
Publish date:

The demand for variable office space has skyrocketed in the past few years as more companies seek to reduce fixed expenses and increase flexibility, says Mark Dixon, CEO of Regus. Dixon adds that large companies are continuing to let their employees work remotely and this is also a driver of Regus' impressive growth in the past few years. Dixon says the global nature and high growth of Regus business prevents it from becoming a REIT despite the fact that it owns and operates a huge amount of office space in the United States.

Disclosure: TheStreet's editorial policy prohibits staff editors and reporters from holding positions in any individual stocks.