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.
What workplace trends can we expect from the new year?
A World Economic Forum report stated that 65% of children entering primary school will most likely work jobs that do not currently exist. As the workplace evolves, we see more companies putting an emphasis on employee wellbeing, mobility and flexible working.
Until the turn of the 21st century, jobs were relatively stagnant and predictable, with nine-to-fives being the norm.
Now, employee wellness is one of the top priorities for many industries. Meditation apps and wellness programs are inspiring and motivating employees to become more productive.
Mobility has also become a big trend in the way companies function. Smartphones and other devices give us the freedom to work at anyplace and anytime.
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A survey found that about 50% of about 270,000 participants wish to work abroad to experience new cultures, so it is expected that workplaces will become more accommodating for such remote workers.
Flexible working, while not a new concept, is geared up to become a concrete option across industries. Countries like New Zealand experimented with 4-day work weeks that were proven to be successful. In the trial, employees felt their wellbeing was being prioritized by their employer, increasing job satisfaction.
It is uncertain whether all of these changes will occur in 2019, but there is a definitive attitude shift towards the traditional workplace model.
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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.