Over the past several years, coworking spaces have launched into mainstream success as entrepreneurs and small and medium-sized businesses flock to these flexible workspaces.
Now, corporates are also seeing the perks of adopting flexibility in the wake of the ongoing pandemic, which could create new opportunities for coworking operators.
Companies large and small are navigating how to de-densify their main office, while still offering workers a place to go and be productive. That is where coworking comes in since these workspaces are fully-equipped with traditional office supplies and amenities galore.
However, as the global economy still struggles to find its balance, the coworking industry has been impacted by a huge dip in vacancy and closures. Still, experts agree that these workspaces are expected to have a big moment in a post-pandemic society.
With millions of workers continuing to conduct business from home, the cons of doing so have been highlighted. For instance, working from home can hinder how efficient an employee is, particularly if they are balancing childcare responsibilities or lack the proper connectivity. While remote working won’t necessarily disappear, analysts predict that businesses will adopt a hybrid of both in-office and at-home working.
Additionally, large companies looking to decrease the density in their massive main offices could look to flexible coworking leases to accommodate some of their employees. Using satellite offices can keep employees engaged and maintain collaborative opportunities, which can be hard to do when working from home.