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.
The biggest office trend of 2019 is humanity
Today’s technology-driven workforce has changed the traditional office model. Now, companies are seeking to balance the tech race with humanity.
Now, humans are seeking to satisfy human connection as we spend more and more time online. Coming together in a brick and mortar workspace gives us the opportunity to make personal connections and build a community.
Companies are beginning to offer workers more flexibility within their spaces. Creating an environment that encourages freedom, fluidity, and prioritizing employees will be vital. Modern offices break down physical and metaphorical boundaries to help fuel collaboration.
With this, organizations will think twice about their real estate investments to include other amenities like coffee bars, gyms, and recreation spaces to push the community-feel.
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Analytics will also play a large role in improving general employee well-being. More companies and landlords will begin adopting smart building solutions that can be personalized to cater each employees preference. For example, a stuffy office can be cured with the tap of an app that opens an air duct.
Immersive technology will also start becoming apart of the workforce. Virtual and augmented reality will allow remote workers feel connected and have proper face-to-face interactions with colleagues.
The evolving work environment means that corporate real estate professionals need to think ahead when managing their spaces.
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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.