Advertisement
Back To Daily Digest
Tags: BUSINESS

Demand For Coworking Space Suffers In Wake Of COVID-19

UK shared office space provider Workspace reported that its shares fell 22% as concerns have grown over whether the industry will be able to sustain the coronavirus pandemic.

“I think there is going to be a permanent shift to working from home, this outbreak has changed people’s behaviour. It will be hard for companies like Workspace to get people back,” said one broker. “These are short term contracts, sometimes signed on a month to month basis and usually only worth about £8,000 a month. In contrast my broking firm is locked into a 3 year contract with British Land worth £100,000 per month.”

ABOUT Aayat Ali
Aayat Ali

Aayat is an editor for the Daily Digest based in Lexington, Kentucky. She has worked with local coworking spaces since August of 2017 and enjoys taking her firsthand knowledge to write about the fascinating, constantly evolving world of flexible workspaces. Feel free to reach out to her at [email protected] View all posts by Aayat Ali

Latest on Daily Digest

How AI Can Facilitate Innovation

What The Future Of Work Won’t Involve

Adam Neumann And SoftBank Approach Settlement Deal

Downtown Brooklyn Complex Ushers In New Leases

IWG Takes Over Third WeWork Hong Kong Location

HSBC To Move Forward With Office Reduction

Pacific Northwest Region Sees Bump In Leasing Activity

Brooklyn Coworking Firm Cuts Space In Half

Coworking Valuations Are Due For An Update

The Office Sector Is Slowly Recovering

Ad
Advertisement

FOLLOW US

  • Facebook
  • Twitter
  • LinkedIn
  • RSS
  • instagram
  • pinterest
Ad
Advertisement
Advertisement
Advertisement
Advertisement