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.
How to stand apart in the saturated coworking market
Coworking spaces are a way for businesses to enter into long-term leasing agreements and rent out the space on shorter leases to other companies.
The now wildly successful industry can make it hard for operators to stand out, but Waterman Business Centers is attempting to by providing more community and comfort in their offices.
Waterman’s brand new center in Melbourne’s south east is in the Caribbean Gardens. The company doesn’t own the building, but worked with owners to create an office that has a small shopping strip with a barber, bank, bar, healthcare and more.
The building is also surrounded by gardens and a lake with a surrounding track.
The facility offers dedicated spaces where members can lock their gear away, as well as hot desks, communal areas and training/seminar rooms.
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Most unique about the space is the Rainforest level that is covered in artificial grass, lots of plants and subdued lighting that offers a different type of work experience.
As much as startups benefit from coworking spaces, larger companies are beginning to realize the perks too.
Each customer gets access to high-speed internet, and distinctively offers clients access to WiFi through ISP services, like iP addresses so each customer can use their own routers and firewalls, which is perfect for banks and other big companies.
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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.