Miami’s office market continues to be dependent on coworking firms to fill their spaces, but some landlords are concerned that their absorption rate is becoming too much.
Hotel coworking spaces are the peak of hospitality
Coworking spaces within hotels are being embraced by the workforce as more entrepreneurs and remote workers find themselves on the road.
Coworking memberships are expected to jump to 3.8 million by 2020, so hotels have begun jumping on the bandwagon.
Millennials, Generation Z and digital nomads, who are filling out the workforce, favor flexibility and autonomy as opposed to traditional work models. Thanks to technological advancements, it is accessible for these workers to complete tasks from any part of the world.
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Flexible offices within hotels offer guests and locals a place to collaborate and meet. For example, Hobo hotel in Stockholm markets itself as “a meeting point, a workplace, an office or just a nice place to visit and hang out.”
AccorHotels has also started to branch out with real estate company Bouygues Immobilier to open 80 Nextdoor workspaces by 2022.
Coworking hotels can only be successful if the space creates a synergetic environment that draws in guests, as well as locals.
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Gym-coworking hybrids have gained traction recently, allowing members to be productive at work while encouraging them to take care of their physical and mental health.
The 2019 Global Coworking Survey has revealed that there is to be 2.2 million coworking members by the end of this year and identified the state of the industry so far.
Office Depot has been testing out coworking spaces within three of their existing locations in an effort to expand its current services and drive traffic into stores.
Just ahead of its IPO, WeWork has signed four new Manhattan leases to open its “Headquarters by WeWork” offering dedicated to providing un-branded spaces for clients.
Despite the coworking industry seeming congested, operators are not concerned about the competition as each coworking space gears its services to a specific audience.
Flexibility in the workplace has become a common option for workers, but some firms are going further by becoming 100% remote so staff can work from wherever they please.
Coworking firms, such as WeWork and Knotel, have been rapidly expanding their footprint in New York’s Flatiron District as it becomes the city’s hub for shared offices.
British brand Established & Sons have introduced four new furniture designs that aim to create a more comfortable workplace, while also being functional to homes.
Condeco’s newest research paper found that 41% of employers offer remote working, thanks largely in part to major technological advancements that are sweeping workplaces.
Industrious is partnering up with national retail and mixed-use developer Seritage Growth Properties to brings its coworking spaces into five of the retailers locations.
Companies have accepted that wellness in the workplace should be prioritized, but the trendiness of it can overshadow what is most effective — starting from the basics.