Today, it is just as likely to be referring to the people within the building – to the extent that WeWork even came up with the phrase ‘community-adjusted EBITDA’.

One company that uses the word to describe both groups is Kinrise, an office developer that aims to redefine the landlord and tenant relationship.

Since launching in January 2015, the company has quietly built up a portfolio of assets in Manchester and Leeds and it is now looking to embark on an acquisition spree that takes it to other key regional cities. In an exclusive interview, Kinrise’s founders tell Property Week how they plan to shake up the market with their hybrid office offer.