Officebroker.com is rebranding as Officio to move away from the broker model and aid clients in finding long-term solutions, rather than completing short-term goals.
Accommodating working parents could be harder than expected
The shared office space sector has evolved immensely over time as it’s become a huge part of the workplace industry. Now, with over 14,000 coworking spaces around the world, companies are trying to find unique ways to stand out from the competition.
Some spaces offer networking events and game rooms, but a big upcoming trend is accommodating working parents with childcare services.
A 2018 Global Coworking Survey found that only 26% of coworking spaces were child-friendly, compared to 39% being dog-friendly.
Since the typical coworking demographic consists of younger generations, operators seek to cater to their needs. Despite this, the average age for first-time mothers is 26, meaning many coworking members already have children. So why is on-site childcare difficult to find?
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First, requirements for childcare services can be quite demanding, such as space specifications and staff-to-child ratios. One of the perks of coworking is being able to drop in at anytime, which also hurts the case for childcare since employees need to have foresite on how many children they will be watching after.
Despite this, many coworking hubs are finding a way to meet these challenges and accommodate parents. For example, Nido in Durham, North Carolina mixes their on-site Montessori school with a shared office space.
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JLL research revealed that Dallas-Fort Worth is ranked 12th out of the country’s top 15 coworking and flexible space markets, taking up 3 million square feet of space.
Office provider LABS has launched its 96,100 square foot flagship property LABS House in Bloomsbury, London that features coworking, offices, and full-service dining.
Cool office interiors are ideal at first glance, but looking into a company’s principles, such as gender equality and flexibility, will be the factors that retain talent.
Colliers International revealed the success of the office market last year due to high demand for coworking and tech firms, but predictions for 2019 are uncertain.
Shared office space providers as tenants have become the norm for many landlords and building owners, and now many REITs have adopted coworking as it continues to expand.
Brookfield Properties has teamed up with Convene to spruce up the 73,000 square foot Brookfield Place into a full-service events venue that accommodates up to 500 people.
Many coworking operators pride themselves on massive, rampant expansion, but some industry experts believe this growth could lead to failure and consolidation in 2019.