Upcoming Events

Jul 19
Featured Featured All day

WORKTECH 2022 Chicago

Sep 22
Featured Featured All day

WORKTECH 2022 New York

Oct 25
Featured Featured October 25 - October 26

Coworking Summit

Nov 10
Featured Featured November 10 - November 11

Coworking Europe

View Calendar

Latest News

Upflex Accelerates Expansion in Europe With Landmark

Upflex Signs Deal With Landmark Space, Expanding Its EMEA Presence

July 5, 2022
Office Valuations Plummet As Remote Work And A Recession Become Reality

Office Valuations Plummet As Remote Work And A Recession Become Reality

July 5, 2022
Instant Offices Partners Up With Property Research Portal

Instant Offices Partners Up With Property Research Portal

July 5, 2022
WeWork India Pulls Check-In App Following Data Breach

WeWork India Pulls Check-In App Following Data Breach

July 5, 2022
A New Subsector Of Digital Nomads Is Emerging: Van Lifers

A New Subsector Of Digital Nomads Is Emerging: Van Lifers

July 5, 2022
California To Distribute Inflation Relief Stimulus Checks Part Of $17 Billion Package

California To Distribute Inflation Relief Stimulus Checks Part Of $17 Billion Package

July 5, 2022
Load More

Follow Us On Instagram

Follow

    The Instagram Access Token is expired, Go to the Customizer > JNews : Social, Like & View > Instagram Feed Setting, to refresh it.
  • Events
  • Marketplace
  • Resources
  • Press Releases
  • Business Directory
  • Advertise
  • About Us
  • Contact
Wednesday, July 6, 2022
Allwork.Space
The FUTURE OF WORK® since 2003
Find A Flexible Office Here
  • All Topics
    • Business
    • Biophilic Design
    • Career Growth
    • Coliving
    • Collaboration
    • Coworking
    • CRE
    • DE&I
    • Digital Nomads
    • Future of Work
    • Home Office
    • Human Resources (HR)
    • Hybrid Work
    • Investment
    • Leadership
    • Marketing
    • Mental Health
    • Mergers & Acquisitions
    • Office Furniture
    • Productivity
    • PropTech
    • Remote Work
    • Self-care
    • SMBs
    • Social Impact
    • Space-as-a-Service
    • Technology
    • Virtual Office
    • Work-life Balance
    • Workforce
    • Workplace Design
    • Workplace Wellness
  • Business
    Young Entrepreneurship Is On The Rise

    Young Entrepreneurship Is On The Rise

    How Much Does Elon Musk’s Opinion On Remote Work Matter

    How Much Does Elon Musk’s Opinion On Remote Work Matter?

    The-History-of-Networking

    The Past, Present, and Hybrid Future of Networking

    Pandemic Resilience V. Future Resilience

    Is Your Company Pandemic-Resilient Or Future-Resilient?

    Change Or Control Here What Drives People To Become Entrepreneurs

    Change Or Control? Here’s What Drives People To Become Entrepreneurs

    The Meeting Room Of The Future

    The Meeting Room Of The Future

    What Is Cryptocurrency’s Role In The Future Of Work

    What Is Cryptocurrency’s Role In The Future Of Work?

    Generational Shift How Do We Create Space That’s Attractive To All Ages

    Generational Shift: How Do We Create Space That’s Attractive To All Ages?

    What Does Elon Musk’s Twitter Acquisition Mean For Its Future?

    Elon Musk Acquires Twitter For $44 Billion: A Comprehensive Timeline

  • Tech
    Would You Give Your Staff the ‘Immersive Treatment’?

    Would You Give Your Staff the ‘Immersive Treatment’?

    Christoph Fleischmann Of Arthur | Bridging The Hybrid Work Divide With Mixed Reality

    Christoph Fleischmann Of Arthur | Bridging The Hybrid Work Divide With Mixed Reality

    Decentralized Cloud Services

    Could Companies Benefit From Implementing Decentralized Cloud Services?

    Here Are 5 Benefits Virtual Reality Brings To Soft Skills Training

    Here Are 5 Benefits Virtual Reality Brings To Soft Skills Training

    Why You Can’t (And Shouldn’t) Escape The Metaverse

    Why You Can’t (And Shouldn’t) Escape The Metaverse

    Outdated Digital Tools and Technology are a Key Factor in the Great Reshuffle

    Outdated Digital Tools and Technology are a Key Factor in the Great Reshuffle

    Are-podcasts-the-new-tech-perk

    How Do You Train And Retain Tech Talent? Use Podcasts, Says CEO Jen Grogono

    Is-TikTok-Gen Z’s-LinkedIn

    Is TikTok Gen Z’s LinkedIn?

    Technology Tips That Can Help Businesses Return To The Workplace

    Technology Tips That Can Help Businesses Return To The Workplace

  • Marketing
    Want Your Coworking Newsletter to Actually Convert

    Want Your Coworking Newsletter to Actually Convert? Start by Keeping It Simple, Fun, and Consistent

    5 Pros Share How To Use Instagram To Grow Your Coworking Business

    5 Pros Share How To Use Instagram To Grow Your Coworking Business

    Want To Wow Coworking Members

    Want To “Wow” Coworking Members? It All Starts With (The Right) Insights

    6 Free, High-Quality Photo Sites To Level Up Your Marketing

    6 Free, High-Quality Photo Sites To Level Up Your Marketing

    The Creator Economy Is Dramatically Changing Marketing Practices, Here’s Why

    The Creator Economy Is Dramatically Changing Marketing Practices, Here’s Why

    Everything You Need To Know About Google My Business, And How To Ace It

    Everything You Need To Know About Google My Business, And How To Ace It

    Nothing Beats In-Person Communication, But These Online Tools Come Pretty Close

    Nothing Beats In-Person Communication, But These Online Tools Come Pretty Close

    6 Tips For Capturing More Website Leads

    6 Tips For Capturing More Website Leads

    “This Is Marketing” By Seth Godin Is A Celebration Of The Unchanging Truths About Marketing

    “This Is Marketing” By Seth Godin Is A Celebration Of The Unchanging Truths About Marketing

  • Design
    The Outdoor Office is Here to Stay How to Create the Perfect Outdoor Living (and Work) Room

    The Outdoor Office is Here to Stay: How to Create the Perfect Outdoor Living (and Work) Room

    Neocon 2022 Explored Biophilic Office Design

    Neocon 2022 Explored Biophilic Office Design, But What Is It?

    Multifamily Design Can Inform The New Office

    How Multifamily Design Can Inform The New Office

    Leveraging Design To Support Untethered Working And A Hybrid Future

    NeoCon 2022: Leveraging Design To Support ‘Untethered Working’ And A Hybrid Future

    Putting Women’s Safety At The Heart Of Urban Design

    Putting Women’s Safety At The Heart Of Urban Design

    A Company Should Never Stand Still, So Why Should Your Space

    A Company Should Never Stand Still, So Why Should Your Space?

    Working Outside A Critical Component In The New Ecosystem Of Work

    Working Outside: A Critical Component In The New Ecosystem Of Work

    As The Pandemic Subsides, What Will The Modern Office Look Like? Neocon 2022 Has Some Answers

    As The Pandemic Subsides, What Will The Modern Office Look Like? Neocon 2022 Has Some Answers

    FlexiSpot’s Pro Plus Standing DeskE7

    We Reviewed FlexiSpot’s Pro Plus Standing Desk (E7)

  • Work-life
    Why Digital Nomads are Flocking to Mexico  

    Why Digital Nomads are Flocking to Mexico

    What in store for job stability and the future of work

    Here’s What’s In Store For Job Stability And The Future Of Work

    5 Reasons Why Dogs Make Pawfect Coworkers

    5 Reasons Why Dogs Make Pawfect Coworkers

    Take Your Dog To Work Day

    “Take Your Dog To Work Day”: How Fido Can Help Companies Retain Employees

    Sitting for too long is bad for your health and here’s what you can do about it

    Sitting For Too Long Is Bad For Your Health And Here’s What You Can Do About It

    Will The 2020s Be Like The Roaring 20s

    Will The 2020s Be Like The Roaring 20s?

    The State of Worker Mental Health

    Report: The State of Worker Mental Health 

    Using Technology For Wellness Initiatives

    Using Technology For Wellness Initiatives: How SaaS Can Help

    Here's Why Taking A Stand On Diversity Matters For Companies

    Here’s Why Taking A Stand On Diversity Matters For Companies

  • CRE
    What Is The Impact Of Hybrid Working On Space Optimization

    What Is The Impact Of Hybrid Working On Space Optimization?

    What Can We Expect For The Future Of Office Occupancy?

    What Can We Expect For The Future Of Office Occupancy?

    How Commercial Real Estate Can Master The Art Of Data

    How Commercial Real Estate Can Master The Art Of Data

    The New Real Estate Portfolio Of Hybrid Companies

    The New Real Estate Portfolio Of Hybrid Companies

    The Time Has Come For The Built Environment To Report Its Scope 3 Carbon Emissions

    The Time Has Come For The Built Environment To Report Its Scope 3 Carbon Emissions – Here’s How

    How Net Zero Targets Affect Your Office Buildings And The Future Of Work

    How Net Zero Targets Affect Your Office Buildings And The Future Of Work

    Is Adam Neumann Making The Pivot To Landlord

    Is Adam Neumann Making The Pivot To Landlord?

    5 Commercial Real Estate Predictions For 2022

    5 Commercial Real Estate Predictions For 2022

    Green Goes Mainstream

    Green Goes Mainstream (And It’s Totally Worth The Investment)

  • Coworking
    Opinion Piece - Brad K Hub Australia

    Opinion: Bursting The Hybrid Work Bubble

    How To Create A Sense Of Belonging In Your Coworking Space

    How To Create A Sense Of Belonging In Your Coworking Space

    GCUC 2022 Brought Coworking Positive Energy to Seattle

    GCUC 2022 Brought Coworking’s Positive Energy to Seattle

    IWG’s Shares Have Dipped, But There’s More To The Story

    IWG’s Shares Have Dipped, But There’s More To The Story

    Automate-these-3-tasks-for-your-coworking-space

    Automate These 3 Tasks For Your Coworking Space

    Industrious-announces-expansion

    Jamie Hodari On “Massive Opportunity Ahead” As Industrious Expands Internationally

    GCUC 2022

    Coworking’s Newsmakers Gather in Seattle for GCUC 2022

    Here’s-What-The-“FundamentalsOfFlex”-Means-For-Coworking-Owners

    Here’s What The “Fundamentals Of Flex” Means For Coworking Owners

    How To Become An Eco-Friendly Workspace

    How To Become An Eco-Friendly Workspace (And Why You Should)

  • Workforce
    The Remote Work Option Has Many Benefits for Introverts

    The Remote Work Option Has Many Benefits for Introverts

    Workers Want a Four-Day Work Week But Execs Aren’t Convinced

    54% of Workers Want a Four-Day Work Week, But Execs Aren’t Convinced

    Will inflation impact pay raises?

    Will Inflation Impact Pay Raises?

    Managers Need to Start Preparing for Interviews Differently

    Hiring Managers Need to Start Preparing for Interviews Differently

    Is The ‘Remote Work Window’ About To Close?

    Is The ‘Remote Work Window’ About To Close?

    Here’s Why Curiosity And Authenticity Go A Long Way In The Workplace 

    Here’s Why Curiosity And Authenticity Go A Long Way In The Workplace

    Where Is The Future Of Work For The LGBTQ Community

    Where Is The Future Of Work For The LGBTQ+ Community?

    Facing Un Retirement The Cost Of Living Is Forcing Retirees Back To Work

    Facing ‘Un-Retirement’: The Cost Of Living Is Forcing Retirees Back To Work

    What Habits Will Be Brought Back Into The Office

    What Habits Will Be Brought Back Into The Office?

  • Daily Digest
  • Podcast
  • Subscribe
  • All Topics
    • Business
    • Biophilic Design
    • Career Growth
    • Coliving
    • Collaboration
    • Coworking
    • CRE
    • DE&I
    • Digital Nomads
    • Future of Work
    • Home Office
    • Human Resources (HR)
    • Hybrid Work
    • Investment
    • Leadership
    • Marketing
    • Mental Health
    • Mergers & Acquisitions
    • Office Furniture
    • Productivity
    • PropTech
    • Remote Work
    • Self-care
    • SMBs
    • Social Impact
    • Space-as-a-Service
    • Technology
    • Virtual Office
    • Work-life Balance
    • Workforce
    • Workplace Design
    • Workplace Wellness
  • Business
    Young Entrepreneurship Is On The Rise

    Young Entrepreneurship Is On The Rise

    How Much Does Elon Musk’s Opinion On Remote Work Matter

    How Much Does Elon Musk’s Opinion On Remote Work Matter?

    The-History-of-Networking

    The Past, Present, and Hybrid Future of Networking

    Pandemic Resilience V. Future Resilience

    Is Your Company Pandemic-Resilient Or Future-Resilient?

    Change Or Control Here What Drives People To Become Entrepreneurs

    Change Or Control? Here’s What Drives People To Become Entrepreneurs

    The Meeting Room Of The Future

    The Meeting Room Of The Future

    What Is Cryptocurrency’s Role In The Future Of Work

    What Is Cryptocurrency’s Role In The Future Of Work?

    Generational Shift How Do We Create Space That’s Attractive To All Ages

    Generational Shift: How Do We Create Space That’s Attractive To All Ages?

    What Does Elon Musk’s Twitter Acquisition Mean For Its Future?

    Elon Musk Acquires Twitter For $44 Billion: A Comprehensive Timeline

  • Tech
    Would You Give Your Staff the ‘Immersive Treatment’?

    Would You Give Your Staff the ‘Immersive Treatment’?

    Christoph Fleischmann Of Arthur | Bridging The Hybrid Work Divide With Mixed Reality

    Christoph Fleischmann Of Arthur | Bridging The Hybrid Work Divide With Mixed Reality

    Decentralized Cloud Services

    Could Companies Benefit From Implementing Decentralized Cloud Services?

    Here Are 5 Benefits Virtual Reality Brings To Soft Skills Training

    Here Are 5 Benefits Virtual Reality Brings To Soft Skills Training

    Why You Can’t (And Shouldn’t) Escape The Metaverse

    Why You Can’t (And Shouldn’t) Escape The Metaverse

    Outdated Digital Tools and Technology are a Key Factor in the Great Reshuffle

    Outdated Digital Tools and Technology are a Key Factor in the Great Reshuffle

    Are-podcasts-the-new-tech-perk

    How Do You Train And Retain Tech Talent? Use Podcasts, Says CEO Jen Grogono

    Is-TikTok-Gen Z’s-LinkedIn

    Is TikTok Gen Z’s LinkedIn?

    Technology Tips That Can Help Businesses Return To The Workplace

    Technology Tips That Can Help Businesses Return To The Workplace

  • Marketing
    Want Your Coworking Newsletter to Actually Convert

    Want Your Coworking Newsletter to Actually Convert? Start by Keeping It Simple, Fun, and Consistent

    5 Pros Share How To Use Instagram To Grow Your Coworking Business

    5 Pros Share How To Use Instagram To Grow Your Coworking Business

    Want To Wow Coworking Members

    Want To “Wow” Coworking Members? It All Starts With (The Right) Insights

    6 Free, High-Quality Photo Sites To Level Up Your Marketing

    6 Free, High-Quality Photo Sites To Level Up Your Marketing

    The Creator Economy Is Dramatically Changing Marketing Practices, Here’s Why

    The Creator Economy Is Dramatically Changing Marketing Practices, Here’s Why

    Everything You Need To Know About Google My Business, And How To Ace It

    Everything You Need To Know About Google My Business, And How To Ace It

    Nothing Beats In-Person Communication, But These Online Tools Come Pretty Close

    Nothing Beats In-Person Communication, But These Online Tools Come Pretty Close

    6 Tips For Capturing More Website Leads

    6 Tips For Capturing More Website Leads

    “This Is Marketing” By Seth Godin Is A Celebration Of The Unchanging Truths About Marketing

    “This Is Marketing” By Seth Godin Is A Celebration Of The Unchanging Truths About Marketing

  • Design
    The Outdoor Office is Here to Stay How to Create the Perfect Outdoor Living (and Work) Room

    The Outdoor Office is Here to Stay: How to Create the Perfect Outdoor Living (and Work) Room

    Neocon 2022 Explored Biophilic Office Design

    Neocon 2022 Explored Biophilic Office Design, But What Is It?

    Multifamily Design Can Inform The New Office

    How Multifamily Design Can Inform The New Office

    Leveraging Design To Support Untethered Working And A Hybrid Future

    NeoCon 2022: Leveraging Design To Support ‘Untethered Working’ And A Hybrid Future

    Putting Women’s Safety At The Heart Of Urban Design

    Putting Women’s Safety At The Heart Of Urban Design

    A Company Should Never Stand Still, So Why Should Your Space

    A Company Should Never Stand Still, So Why Should Your Space?

    Working Outside A Critical Component In The New Ecosystem Of Work

    Working Outside: A Critical Component In The New Ecosystem Of Work

    As The Pandemic Subsides, What Will The Modern Office Look Like? Neocon 2022 Has Some Answers

    As The Pandemic Subsides, What Will The Modern Office Look Like? Neocon 2022 Has Some Answers

    FlexiSpot’s Pro Plus Standing DeskE7

    We Reviewed FlexiSpot’s Pro Plus Standing Desk (E7)

  • Work-life
    Why Digital Nomads are Flocking to Mexico  

    Why Digital Nomads are Flocking to Mexico

    What in store for job stability and the future of work

    Here’s What’s In Store For Job Stability And The Future Of Work

    5 Reasons Why Dogs Make Pawfect Coworkers

    5 Reasons Why Dogs Make Pawfect Coworkers

    Take Your Dog To Work Day

    “Take Your Dog To Work Day”: How Fido Can Help Companies Retain Employees

    Sitting for too long is bad for your health and here’s what you can do about it

    Sitting For Too Long Is Bad For Your Health And Here’s What You Can Do About It

    Will The 2020s Be Like The Roaring 20s

    Will The 2020s Be Like The Roaring 20s?

    The State of Worker Mental Health

    Report: The State of Worker Mental Health 

    Using Technology For Wellness Initiatives

    Using Technology For Wellness Initiatives: How SaaS Can Help

    Here's Why Taking A Stand On Diversity Matters For Companies

    Here’s Why Taking A Stand On Diversity Matters For Companies

  • CRE
    What Is The Impact Of Hybrid Working On Space Optimization

    What Is The Impact Of Hybrid Working On Space Optimization?

    What Can We Expect For The Future Of Office Occupancy?

    What Can We Expect For The Future Of Office Occupancy?

    How Commercial Real Estate Can Master The Art Of Data

    How Commercial Real Estate Can Master The Art Of Data

    The New Real Estate Portfolio Of Hybrid Companies

    The New Real Estate Portfolio Of Hybrid Companies

    The Time Has Come For The Built Environment To Report Its Scope 3 Carbon Emissions

    The Time Has Come For The Built Environment To Report Its Scope 3 Carbon Emissions – Here’s How

    How Net Zero Targets Affect Your Office Buildings And The Future Of Work

    How Net Zero Targets Affect Your Office Buildings And The Future Of Work

    Is Adam Neumann Making The Pivot To Landlord

    Is Adam Neumann Making The Pivot To Landlord?

    5 Commercial Real Estate Predictions For 2022

    5 Commercial Real Estate Predictions For 2022

    Green Goes Mainstream

    Green Goes Mainstream (And It’s Totally Worth The Investment)

  • Coworking
    Opinion Piece - Brad K Hub Australia

    Opinion: Bursting The Hybrid Work Bubble

    How To Create A Sense Of Belonging In Your Coworking Space

    How To Create A Sense Of Belonging In Your Coworking Space

    GCUC 2022 Brought Coworking Positive Energy to Seattle

    GCUC 2022 Brought Coworking’s Positive Energy to Seattle

    IWG’s Shares Have Dipped, But There’s More To The Story

    IWG’s Shares Have Dipped, But There’s More To The Story

    Automate-these-3-tasks-for-your-coworking-space

    Automate These 3 Tasks For Your Coworking Space

    Industrious-announces-expansion

    Jamie Hodari On “Massive Opportunity Ahead” As Industrious Expands Internationally

    GCUC 2022

    Coworking’s Newsmakers Gather in Seattle for GCUC 2022

    Here’s-What-The-“FundamentalsOfFlex”-Means-For-Coworking-Owners

    Here’s What The “Fundamentals Of Flex” Means For Coworking Owners

    How To Become An Eco-Friendly Workspace

    How To Become An Eco-Friendly Workspace (And Why You Should)

  • Workforce
    The Remote Work Option Has Many Benefits for Introverts

    The Remote Work Option Has Many Benefits for Introverts

    Workers Want a Four-Day Work Week But Execs Aren’t Convinced

    54% of Workers Want a Four-Day Work Week, But Execs Aren’t Convinced

    Will inflation impact pay raises?

    Will Inflation Impact Pay Raises?

    Managers Need to Start Preparing for Interviews Differently

    Hiring Managers Need to Start Preparing for Interviews Differently

    Is The ‘Remote Work Window’ About To Close?

    Is The ‘Remote Work Window’ About To Close?

    Here’s Why Curiosity And Authenticity Go A Long Way In The Workplace 

    Here’s Why Curiosity And Authenticity Go A Long Way In The Workplace

    Where Is The Future Of Work For The LGBTQ Community

    Where Is The Future Of Work For The LGBTQ+ Community?

    Facing Un Retirement The Cost Of Living Is Forcing Retirees Back To Work

    Facing ‘Un-Retirement’: The Cost Of Living Is Forcing Retirees Back To Work

    What Habits Will Be Brought Back Into The Office

    What Habits Will Be Brought Back Into The Office?

  • Daily Digest
  • Podcast
  • Subscribe
No Result
View All Result
Allwork.Space
No Result
View All Result
  • Business
  • Tech
  • Marketing
  • Design
  • Work-life
  • CRE
  • Coworking
  • Workforce
  • Daily Digest
  • Podcasts
  • Subscribe
Nexudus May Leaderboard
Home DD

Daily Digest News – August 18, 2020

by Aayat Ali
August 18, 2020
in DD
Reading Time: 8 mins read
A A
Daily Digest
Share on FacebookShare on TwitterShare to Network

Hand selected flexible workspace news from the most reliable sources to keep you ahead of the pack. We find all the latest news, so you don’t have to. Morning and afternoon updates. Stay in the know.


Here’s what you need to know today:

  • An Affiliate of Regus Corp. Files For Chapter 11 NEW
  • Flexible Office Firms Move Forward With Expansion NEW
  • Hybrid Working Is The Ideal Solution NEW
  • What To Expect From The APAC Office Market
  • UK Flexible Office Market Falls Behind In Europe
  • WeWork Forced To Restructure Major London Lease

An Affiliate of Regus Corp. Files For Chapter 11

RGN-Group Holdings, an affiliate of Regus Corp., filed for Chapter 11 protection this week, stating that the shift to remote working has damaged demand for its flexible workspaces.

Fiverr - Leaderboard

“With the near universal adoption of work-from-home policies, either voluntary, or government-mandated, by U.S. businesses during the early months of the pandemic, demand for temporary office space has been depressed, which I understand resulted in lower occupancy rates than were anticipated when the company decided to make certain investments in the centers,” said James S. Feltman of financial advisory firm Duff & Phelps.

The initial case filings revealed that several other affiliates had filed their own petitions as they did not have the ability to uphold lease obligations to landlords due to losses caused by the pandemic.

RGN-Group Holdings will use the Chapter 11 to negotiate new lease terms and protect occupants from the ongoing interference the business is undergoing. The group owes parent company Regus $427 million for working capital loans that are used towards furniture and equipment used for the office space.

(Credit: Bigstock)

Flexible Office Firms Move Forward With Expansion

Major flexible operators are looking to push forward with expansion plans in order to take advantage of potential upcoming opportunities for the industry.

For example, IWG recently took up 30,000 square feet in Hong Kong, while Serendipity Labs and Industrious are looking to expand as well.

Ben Munn, managing director at flexible space of JLL, said that operators who were in a strong financial position prior to the pandemic are able to take two paths in expanding: acquiring business from struggling competitors or taking over space from other operators.

“In some cases, the previous operator has exited their lease, or in others collapsed the special purpose entity holding the lease, leaving the landlord with no recourse,” said Munn. “Or it may simply be that an operator presented unfavourable terms to the landlord for renegotiation and the landlord is taking the opportunity to restructure the workspace proposition in the building.”

The ongoing pandemic is putting pressure on tenants, but makes it difficult to indicate what their property needs are. Munn added this puts flexible office companies in a good position as they offer flexible leases, lower costs and allow organizations to scale up or down as needed.

(Credit: JLL Hong Kong)

Hybrid Working Is The Ideal Solution

Major tech companies have recently announced they will be expanding their remote working options. For instance, Google revealed that employees will be able to work from home until at least the summer of 2021.

For years, companies took out long-term office leases for their main business hubs to create workspaces with various offices and more. In more recent times, coworking spaces have become a popular option for companies large and small looking to consolidate their real estate portfolio. This shift gave as little as 55 square feet per employee in order to reduce costs while boosting collaboration.

Now, in wake of the ongoing pandemic, these workspaces are not ideal environments due to their dense nature. However, now that companies are transitioning to remote working arrangements, employees may be seeking a work environment outside of their homes that are often riddled with distractions.

That is why it is likely that these offices will reconfigure spaces to emphasize the importance of distancing, privacy and cleanliness.

According to a report from mental health benefits platform Ginger, 70% of respondents were less productive working from home, while 80% of Generation Z and millennials employees felt less connected to their colleagues since working from home.

That is why many companies are looking at a hybrid work arrangement that incorporates working from home with in-office work. Using a combination of both allows companies to reap the benefits of in-person collaboration, as well as the cost-cutting impact of working from home.

(Credit: Unsplash)

What To Expect From The APAC Office Market

The Colliers’ Asia Pacific Office Markets: 1H2020 Review and Five-Year Outlook report offers insight into how demand, rent, supply and vacancy for the APAC office market will look in the future.

According to Andrew Haskins, research executive director of Colliers Asia, APAC office markets are currently struggling with little to no demand and high supply.

“The prospect of conditions favoring tenants for up to three years gives occupiers the chance to lock in good deals in markets like Hong Kong’s Central, Shanghai’s New Bund and Shenzhen’s Qianhai district,” said Haskins. “Investors should focus on popular occupier centers with above average rent growth over five years, such as Singapore, Bangalore, Melbourne CBD and Auckland.”

The report revealed that aggregate absorption in the 19 office markets that were tracked fell 56% in the second quarter of 2020. Additionally, annual absorption over the next five years should be close to 2019’s 6.82 million square meters.

Colliers also predicts that supply in the region throughout this year and 2021 will be three times the aggregate take-up.

Even more, the report suggests that landlords that are competing for limited demand will start reconfiguring their product to accommodate those needs, while also emphasizing the health and safety of their space.

(Credit: Bigstock)

UK Flexible Office Market Falls Behind In Europe

Workers in the UK are returning to flexible offices more slowly than other European countries according to a survey from Workthere.

The findings reveal that occupancy rates in UK flexible workspaces are at 23% compared to 35% in Spain, 43% in Ireland, 55% in Germany and 57% in the Netherlands.

Workthere’s survey also revealed that the flexible office sector in the UK fell behind its European counterparts in other ways. For instance, the UK has the highest nonrenewal rate in the continent at 19%, while 35% requested rent relief.

However, UK operators are expected to see an occupancy rate of 71% by the end of this month, which is the second highest in Europe following the Netherlands at 74%.

(Credit: Workthere)

WeWork Forced To Restructure Major London Lease

WeWork Property Investors teamed up with Nuveen to purchase Devonshire Square in London in the spring of 2018. The 637,000 square foot building was intended to showcase a new model for the company, but the coworking firm and institutional investors are now being forced to restructure the lease.

During this time, WeWork took up around 20,000 square feet on the campus. The partnership was intended to be the first of many deals where WeWork teamed up with institutions to purchase buildings.

The coworking firm agreed to a revenue-sharing agreement with its partners and would be paid a 10% management fee based on gross revenue, with the remaining revenue split among landlords and WeWork as a tenant.

However, everything changed once the pandemic hit and the performance of the firm came to a screeching halt. Demand shriveled up as millions of employees migrated to remote working positions. In any other occasion, WeWork would have eagerly searched for a replacement for its spaces that had been abandoned.

Now, WeWork is walking away from 15,000 square feet of the space it occupied at Devonshire Square.

“We believe this is largely due to increased vacancy on the estate and reduced income levels from WeWork,” according to S&P. “Given the current uncertainties in the market and the deteriorating occupancy levels of the estate as a whole, we have revised our long-term operating and cash flow assumptions.”

(Credit: Bigstock)
Tags: Coworking
ShareTweetShare
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.

Relevant and Recommended For You

DAILY DIGEST

Daily Digest News – July 19, 2021

12 months ago
DAILY DIGEST JULY 16

Daily Digest News – July 16, 2021

12 months ago

Daily Digest News – July 15, 2021

12 months ago

Daily Digest News – July 1, 2021

1 year ago
No Result
View All Result
AVO Medium Rectangle
FlexIndex - Medium Rectangle
KYR JUNE - Medium Rectangle
Essensys June
Yardi June

PODCASTS

Listen Now

Future Of Work Podcast

61 Episode
Subscribe
  • Add to Queue
  • Share
    Facebook Twitter Linked In

  • Add to Queue
  • Share
    Facebook Twitter Linked In

Christoph Fleischmann of Arthur | Bridging the Hybrid Work Divide with Mixed Reality

June 23, 2022
40 min
  • Add to Queue
  • Share
    Facebook Twitter Linked In

Nasim Köerting of The Office Group | Embracing the New World of Work Through Design

February 24, 2022
29 min
  • Add to Queue
  • Share
    Facebook Twitter Linked In

Larry English of Centric Consulting | The Remote Work Revolution: A Better Way to Live and Work

January 13, 2022
34 min
  • Add to Queue
  • Share
    Facebook Twitter Linked In

Award Winning Author & Physician | Dr. Saundra Dalton Smith on The 7 Types Of Rest We Need To Thrive

January 6, 2022
36 min
  • Add to Queue
  • Share
    Facebook Twitter Linked In

Tori Shepherd of The WELL Building Institute | The WELLness Building Revolution

December 15, 2021
30 min
KYR May 2022 (Half Page) June 2022

News and Features

Business

Tech

Marketing

Design

Work-life

CRE

Coworking

Workforce

Daily Digest

Podcast

Resources

Marketplace

Events

Press Releases

FlexSpace, Coworking
and Office Space

Los Angeles

New York

Chicago

Washington, D.C.

Houston

Dallas

Miami

San Francisco

Atlanta

Philadelphia

Seattle

Austin

Company

About Us

How to Write for Us

Our Editorial Process

Contact

Advertise

FlexSpace

Terms Of Use

FlexSpace FAQs

Privacy Policy

Connect with Allwork.Space

Twitter

Linkedin

Facebook

Instagram

YouTube

Apple Podcasts

Spotify

Google Podcasts

©2022 Allwork.Space  l  Exploring the FUTURE OF WORK® since 2003.

No Result
View All Result
  • Daily Digest
  • Podcasts
  • Events
  • Resources
  • Marketplace
  • Business Directory
  • Subscribe
  • Advertise
  • Find Space
  • About Us
-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00