New Opportunities Emerging For Coworking Spaces
Over the last decade, the coworking industry has become a staple in the commercial real industry. Coworking companies all over the world have popped up to offer members a new way of working, collaborating and enjoying a life of flexibility.
Coworking is appealing to both employees and employers. From the employee perspective, particularly remote workers, coworking offers a sense of community, access to office equipment and even amenities that can help enhance work-life balance.
For employers, having their workers in coworking spaces helps cut down on their own real estate footprint, leading them to cut down on overhead costs.
However, in wake of the ongoing pandemic, the industry has taken a massive hit as people around the world have been forced to work from home for the time being.
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Although some operators remained open by claiming “essential business” status, a survey from March found that 72% of coworking operators saw a large drop in space usage, while 41% saw memberships decreased.
Despite the doom and gloom of the current state of the coworking market, experts believe that there is a world of opportunity for the industry in the near future.
As companies begin to explore remote and flexible working as a permanent work solution, coworking spaces are seeing a spike in demand for offices, particularly in areas outside of major cities.
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