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.
Open-office concepts are no longer a key in productivity
The open office concept seemed like the ideal model for the evolutionized workplace— an environment where everyone collaborates and is constantly bouncing ideas off each other to create a team bond like no other.
Unfortunately, while this concept seems innovative, the inevitable noise and distractions may be counterproductive to work.
“Just because I wasn’t in a room where this conversation could have got completed without distraction, my productivity levels came down,” said Kamal Karanth, co-founder of specialist staffing firm Xpheno. “I wouldn’t recommend this for senior leaders, though it makes for great optics.”
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Employees now work in closer proximity to each other, which can contribute to noise levels as well. Some workplaces are taking measures to ensure each employee gets a quiet space to be productive as possible.
For example, RPG Enterprises includes soundproofed rooms and break-away spaces for informal discussions.
RPG Enterprises Chairman Harsh Goenka said during the open office shift, the company brought down all their partitions in an effort to keep up with the changing office culture. Now, it has found a balance between collaborative and necessary private 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.