Aug 9, 2016 ... Fontana, CA (PRWEB) August 09, 2016 -- Design Space and Instant Space, Inc. have reached an agreement for Design Space to purchase all ... Design Space Modular Buildings Agrees to Acquire Industry Competitor Instant Space, Inc. Design Space Modular Buildings is set to acquire industry competitor Instant Space, Inc. and all of their mobile offices and modular building assets. The terms of the deal are not final but will be completed during the 3rd quarter of 2016. FONTANA, CA (PRWEB) AUGUST 09, 2016 Design Space and Instant Space, Inc. have reached an agreement for Design Space to purchase all of Instant Space’s mobile offices and modular building assets. Instant Space is a regional competitor and supplier of mobile offices in southern California. The company began by manufacturing, leasing and selling mobile offices more than 30 years ago. Instant Space has since ceased manufacturing, so this acquisition includes only the mobile office rental fleet, active leases, and associated assets. The lease fleet size is estimated between 100-200 units. Terms of the transaction have not been disclosed, but it should be completed during the 3rd quarter of 2016. Design Space will merge the Instant Space fleet and leases into their southern California branch operation which is based in Fontana, CA. Design Space serves markets throughout the western U.S. with pre-manufactured office buildings and storage units. Their primary product line consists of mobile office trailers, modular buildings, storage containers, and container offices. These products can be used to meet immediate and temporary space requirements, or Design Space can meet long-term needs with permanent modular construction. The Instant Space buildings will augment their current short-term rental fleet.
Instant helps more than 11000 companies a year enable business ... second largest flexible office market globally with a wide mix of providers offering space. Now, more than ever before, business leaders are demanding a more agile approach to real estate. Instant rethinks workspace to enable agility and operational resilience for businesses of all sizes from inception through to delivery and management. Thinking outside the square foot Breakthrough global insights on flexible workspace, available for free. Read our 2021 report 'The Rise of Suburbia' now. We’ll help you make informed business decisions with our 20+ years of flexible workspace market experience. Read the latest global flexible workspace insights, trends and other topical research. Rethink Efficiency. Rethink Agility. Rethink Speed. Rethink Growth. Rethink Performance. Rethink Brand. Rethink Talent. Rethink Productivity. Rethink Opportunity. Rethink Cost. New York city is the second largest flexible office market globally with a wide mix of providers offering space. Rates vary dramatically across the city with some of the highest average rates per desk globally being achieved in the city. While the majority of supply exists in Manhattan in the last 12 months we have seen a move towards other boroughs such as Queens, Brooklyn and even Staten Island. Singapore continues to see high levels of supply growth year on year with one of the largest flexible workspace markets in Asia found in the Island City-State. Singapore has long been a key business hub and with very limited office supply was a natural expansion ground for flexible working as providers looked to expand outside of their home markets. Because of this the share of large international operators is high across the city although niche coworking providers continue to pop up as the market develops.
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