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.
Remote working is taking over
When offices started embracing open office spaces by tearing down cubicles, the hope was to push a more collaborative, productive atmosphere. By 2010, almost 70% of office workers worked in a space with no walls or low walls.
But as research shows, employees are not fans of the open office model. With little to no privacy, it is difficult to be productive in a noisy space.
These spaces do not necessarily harvest good collaboration either. A study by Harvard University’s business school found that open offices reduce face-to-face interaction by 70% and increase email and messaging by 50%.
Despite this, open plans continue to take the office design world by storm. A CBRE research titled The Asia Pacific Occupier Survey 2018 found that 45% corporate real estate executives plans to increase their corporate real estate portfolios in coworking spaces to promote innovation and creativity.
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Now, workers are aiming for positions that allow them to work from anywhere at anytime. Being able to simply trust that employees are being productive when working remotely can be a challenge, but one way to ensure this is having management teams lead by example.
“The evolution towards more agile workplaces means that a big driver for modern workplace design is the facilitation of collaboration across teams, locations and even countries,” said Amanda Stanaway, principal of global architecture firm Woods Bagot. “Clients also prioritize ease of communication between workers and integration with technology – asking designers to find ways to prompt workers to engage with spaces intuitively as well as providing multiple settings for teamwork.”
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JLL research revealed that Dallas-Fort Worth is ranked 12th out of the country’s top 15 coworking and flexible space markets, taking up 3 million square feet of space.
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.