New Report Reveals CRE Executives Views On Coworking

Real estate services firm Cushman & Wakefield has put out a new report in partnership with CoreNet Global revealing how corporates view the value of flexible workspaces and coworking models. 

The research surveyed over 550 key commercial real estate executives around the world who were asked about their perceptions of coworking, its pros and cons and more.

The report found that two-thirds of companies utilize coworking spaces in some way, and several anticipate to double their commitment over the next five years.

“The results show that corporate leaders have a generally positive view of coworking and see flexible space as a growing part of their occupancy strategy,” said David C. Smith, Americas Head of Occupier Research at Cushman & Wakefield. “The percentage of employees with access to flex space is on the rise, and companies increasingly see this as part of a broader solution.”

The research also revealed that corporate executives are recognizing the importance of including flexible space so they can reduce occupancy costs. In fact, 63% of companies said they use coworking for their office strategy.

Despite all the benefits that coworking has to offer, 48% of corporate saw an increased difficulty in maintaining company culture when employees are working from remote coworking locations. Around the same amount of respondents said they saw digital security as a concern.