The office has long been lauded as a place where workers can collaborate and be productive, but insight into the benefits of flexible working have changed that perspective. Factors such as technology implementations, employee satisfaction and wellness have caused companies to rethink their workplace strategy, particularly as they adjust to the new normal.

“What we’re seeing now is a re-evaluation by organisations of their office strategy,” said Paul Salnikow, CEO of The Executive Centre (TEC). “The current market uncertainty is creating huge demand for the flexible workspace sector as companies try to manage costs and become less willing to commit to long-term leases.”

Flexibility is beneficial for businesses large and small as they provide cost efficiency, help companies reduce their carbon footprint and offer flexible, short-term leases.

In wake of the current pandemic, it has become clear that solely in-person and home office working both have their shortcomings. Being forced to work from home has revealed the need for face-to-face interactions, so adopting a hybrid of two could be the ticket to a highly productive and connected workforce.

“As the economic landscape continues to change and companies continue to focus and specialise, companies need to be sure they are managing their offices to best support their business. Every healthy multinational business needs to consider what mix of traditional and flexible is right for its teams and their work,” said Todd Liipfert, Senior Development Director.