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.
How The Coworking Space Industry Continues To Stay Afloat
A Coworking Resources report revealed that the coworking sector is seeing steady growth in 2019, despite its slowdown from last year.
At the same time, there was a large number of spaces entering the market from newcomers which indicates that large operators could be loosening their grip on the industry.
New coworking firms took up 65.3% of openings, while chains and expansion made up 34.7%.
Now, coworking spaces are expected to expand to over 25,000 spaces worldwide compared to the current 18,287 that operate today.
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Going forward, operators are finding new ways to attract and retain the growing demographic of younger workers by offering a sense of community, sustainability, and flexibility. WeWork, for example, recently went meat-free in order to lower its carbon footprint and become more sustainable.
“It’s less around loyalty to one company for their entire life,” said Marcus Hanlon, ISPT executive general manager. “It’s about the gig economy, freelancing, coworking, working with other people on different projects constantly.”
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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.
Sources have revealed that CBRE, the world’s largest commercial real estate services firm, is looking at 3 World Trade Center to house its new coworking brand Hana.
Hoxton Hotel is branching out from traditional hospitality services with the launch of its coworking brand Working From_ at its London Southwark and Chicago locations.
Speaking at the 2019 MIPIM conference, IWG’s CEO Mark Dixon said that companies of various sizes should offer some form of agility in order to attract and retain talent.
As the coworking space sector continues to evolve and grow, experts believe that there will be a 25% growth of these offices within retail properties through 2023.
Ryan Simonetti, CEO of Convene, believes that the firm sets itself apart from the competition by going beyond serviced workspaces and offering more hospitable amenities.