Advertisement
Back To Daily Digest
Tags: BUSINESS

The ever-evolving flexible office market transforms once again

2019 is bound to see further changes in the real estate industry due to increased consolidation, institutional capital, and dealings with building owners.

With the massive amount of competition, some are estimating that 5 to 10 percent of businesses will either go out of business or be acquired at the end of the year.

Large players with the proper connections will have the opportunity to grab market shares as the economic future remains uncertain. Smaller niche businesses, such as coworking operators The Wing and Neuehouse, may find it hard to budge on consolidation agreements without deals that align with their personal brand.

Landlords are also expected to become more valued assets as they make the decision whether to buy, partner or build flexible spaces to bring in new tenants.

The Latest News
Delivered To Your Inbox

While any of these options have a chance of success, landlords would have the most trouble opening their own flexible space due to time, cost, and lack of product knowledge. The coworking sector is constantly evolving and now more than ever, tenants are seeking out to find a spot that fully meets their needs.

Additionally, we can expect to see coworking further merge with hospitality, retail and co-living services. Hospitality was the key player in services last year, and it is anticipated to continue playing a big role in the shared office sector.
Commodities including product and service enhancements are going to become essential for any player to survive in this highly competitive sector.

Latest on Daily Digest

Miami’s Office Market Continues To Lean On Coworking Operators

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.
Could Coworking And Fitness Centers Be A Perfect Match?

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 Unravels Where The Industry Stands

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 Is Rolling Out Coworking Spaces In An Effort To Boost Sales

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.
WeWork’s Inks Deal To Open Four New “Headquarters” Spaces

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.
There Is A Coworking Space In The Market For Every Worker

Despite the coworking industry seeming congested, operators are not concerned about the competition as each coworking space gears its services to a specific audience.
Why Are Companies Ditching Offices And Going Remote?

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.
The Flatiron District Quickly Becoming New York’s Coworking Capital

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.
Established & Sons Work To Blur The Lines Between Work And Home

British brand Established & Sons have introduced four new furniture designs that aim to create a more comfortable workplace, while also being functional to homes.
How Technology Plays A Role In The Boost Of Workplace Mobility

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.
The Coworking And Retail Relationship Grows Stronger

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.
Workplace Wellness Is Simpler Than Yoga Classes And Fruit Boxes

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.
Ad
Advertisement

FOLLOW US

  • Facebook
  • Twitter
  • LinkedIn
  • RSS
  • instagram
  • pinterest
Ad
Advertisement
Advertisement

POPULAR ARTICLES

Advertisement
Advertisement