February 19th
Agile working has transformed the idea of typical office models by allowing more flexibility, fostering creativity, attracting more diverse talent, and boosting morale.
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February 8th, 2019 - By Aayat Ali
What makes flexible workspaces so enticing?
The global workplace is simply an area where organizations carry out everyday activities to operate its business. Now, flexible workspaces are slowly taking over what we once understood of offices in terms of layout and design.
International flexible workplaces are anticipated to grow thanks to its adoption from the technology, media and advertising industries.
Enterprises and corporates are also finding flexible workspace outfits to suit their financial and flexibility needs. Flexibility, in particular, draws clients in by allowing a balance of lifestyle and work.
Still, flexible offices do not guarantee data safety and have reduced profit margins due to operational costs. Additionally, since these spaces are open to people from various sectors of life, there is a possibility of a cultural clash.
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Despite this, the market is bound for growth with innovation and technological advancements on its side.
North America leads the market for flexible workplaces and is expected to do so until 2025. This is mostly likely due to its infrastructural capabilities and housing prominent corporations.
Key players in the market include WeWork, Awfis Space Solutions, Servcorp, and many others.
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Agile working has transformed the idea of typical office models by allowing more flexibility, fostering creativity, attracting more diverse talent, and boosting morale.
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CBRE has launched its new coworking company, Hana, which focuses on entering into partnerships with building owners to maintain a strong relationship with tenants.
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While many flexible workspace providers have set their focuses on tech-heavy areas of the country, the San Diego and Orange County coworking markets are on the come up.
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Chris Kelly, co-founder and president of Convene, announced he would be taking a step back from his current role and focus on developing the company’s culture and brand.
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Coworking operator WeWork recently acquired Euclid, which is a small analytics software company that allows businesses to track how their spaces are being utilized.
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WeWork rival shared office provider Knotel will officially enter the Los Angeles market with its new 12,388 square foot space on Santa Monica Boulevard.
February 18th
As flexible office and coworking options continue to expand, many businesses and landlords are taking note of the success of the market and finding ways to benefit from it.
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Firmspace, an Austin-based high-end flex office provider, has announced plans for a new Houston location within the city’s BBVA Compass Plaza office tower in Uptown.
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As the digital age pushes real estate markets towards offering more space-as-a-service options for companies, Dubai is finding its footing in the rapidly growing market.
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In the past few years, incorporating health and wellness in the workplace through greenery, air quality and exercise has become priority in attracting young talent.
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Savills has entered the massive U.S. coworking market with Workthere, its program that allows businesses and clients to find the perfect workspace to suit their work.
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Serendipity Labs offers high-end, upscale workplaces to underserved secondary markets and suburban areas, places that are barely untouched by major coworking operators.
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