Officebroker.com is rebranding as Officio to move away from the broker model and aid clients in finding long-term solutions, rather than completing short-term goals.
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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Office provider LABS has launched its 96,100 square foot flagship property LABS House in Bloomsbury, London that features coworking, offices, and full-service dining.
Cool office interiors are ideal at first glance, but looking into a company’s principles, such as gender equality and flexibility, will be the factors that retain talent.
Colliers International revealed the success of the office market last year due to high demand for coworking and tech firms, but predictions for 2019 are uncertain.
Shared office space providers as tenants have become the norm for many landlords and building owners, and now many REITs have adopted coworking as it continues to expand.
Brookfield Properties has teamed up with Convene to spruce up the 73,000 square foot Brookfield Place into a full-service events venue that accommodates up to 500 people.
Many coworking operators pride themselves on massive, rampant expansion, but some industry experts believe this growth could lead to failure and consolidation in 2019.