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.
Cubicles are back with a vengeance
Since the popularity of open office plans has exploded in the past few years, companies have come out with portable cubicles to combat this largely unfavorable model.
These cubicles are small, prefabricated rooms that can cost anything between a couple thousand dollars, to over $10,000 a piece. Most are the size of a phone booth that has soundproof paneling, ventilation systems and power for your devices.
Unlike traditional cubicles, these are temporary spaces meant for a few hours of work at a time.
“While cubicles provide some sense of ‘territory’ or personal space, they still have shortcomings that phone booths can mitigate,” said Anthony Maraccini, CEO of the company Cubicall.
The Latest News
Delivered To Your Inbox
Over 70% of offices consider themselves to have an open office plan in an effort to boost collaboration and modern. Now, the psychological and social effects open workspaces can have are evident. Making a simple phone call can seem intrusive and productivity can take a hit.
With this, companies have begun offering more private options within shared office spaces to give employees some choice to accommodate all work styles.
But having a permanent privacy booths for offices on short term leases could hurt cost-effectiveness, so having a temporary space makes more sense.
Latest on Daily Digest
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.