Major office space provider IWG has started adopting the franchisor model, pioneered by fast-food company McDonald’s, in its effort to edge further away from WeWork.
How VR and AR Could Change The Workplace Landscape
Technology has become a staple in most workplaces and remote workers are seeing great use for numerous types of software tools — particularly virtual and augmented reality.
Using VR and AR has broken down the walls of what is expected of professionals in terms of physical presence, particularly in the engineering and manufacturing industries. Now, fellow colleagues and team members may be working with you from thousands of miles away.
Not only does this technology allow for easy communication, but it provides a means for creating shared experiences, perceptions, and mindsets among colleagues.
“Let’s take the example of an automotive manufacturer developing a new model to be assembled in multiple factories,” said Thomas Serrurier, the marketing director at the Paris-based TechViz. “Even if the [3D] model is the same, constraints can differ from one plant to the other.”
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With numerous collaboration apps and websites, one might argue that VR is an unnecessary tools for projects. Gleb Braverman, the CEO of Watty Technologies, said that VR/AR provides teams true visualization and interactions with projects.
Now, demand for VR/AR collaborative software is growing and numerous companies that offer such technology are growing as well.
Still, VR implementation in the workplace is in the early adoption stages, but this technology has the power to provide employees with a sense of shared purpose and culture in the workplace, which can boost productivity.
“For online businesses that have employees across the nation, VR helps all employees and/or contractors feel more connected to the team during meetings,” said Chad Felix, a VR expert and CEO of SocialSteeze.
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America’s malls are becoming more and more vacant, but coworking companies are taking advantage of these empty spaces to expand their services in a nonconventional way.
Flexible workspace provider Knotel has once again expanded its presence in central London, signing three new deals across the city totaling 40,000 square feet.
Office Evolution, the nation’s biggest coworking franchisor, will expand its footprint in Mount Pleasant as it continues to cater to small business owners in the area.
Although coworking spaces are often categorized as servicing major cities, tier II cities are having their moment as many startups continue to flood into these areas.
Amy Nelson, CEO of The Riveter, has made it her business to promote inclusivity of women in professional settings while also providing men tools to value gender equality.
A survey of 1,000 WeWork members found that, while some use the space out of convenience, others find the culture to have an effect on their professional identities.
While WeWork is expected to file for an IPO this year, its valuation and recently announced losses have left investors worried about the sustainability of the company.
IWG has started rolling out a franchise model, similar to that of McDonald’s, enlisting franchisees to take the reins in subleasing Regus and Spaces offices to companies.
Chicago-based Novel Coworking has purchased Denver’s 195,753 square foot, 17-story boutique office property Trinity Place in Uptown that is currently 65% leased.