Advertisement
Back To Daily Digest
Tags: BUSINESS

Where Can Coworking Go From Here?

The coworking industry has gone from a niche shared office filled with entrepreneurs to an in-demand workplace that is home to millions of workers from all corners of the workforce. Even as major household names like WeWork struggled to stay afloat, other operators made up for the company’s challenges.

Then COVID-19 struck, and the constant hum of collaboration between coworking members fell quiet. So how can an industry that has based its core business on sharing office amenities fit in a post-pandemic society?

While some have argued that coworking is one of the most high-risk segments of the office market, others see a world of opportunity for these flexible spaces. For instance, Joe Brady, CEO Americas for The Instant Group, says that businesses may look into cutting down on their own real estate footprint and adopt a hub-and-spoke model, where coworking spaces could serve as spokes.

The Latest News
Delivered To Your Inbox

“With this idea of the hub and spoke, if you’re reducing expensive real estate in the prime core business districts, the urban cores, and you’re moving out to first string suburban, you’re going to see some, some cost savings,” said Brady.

Doing so allows coworking operators to bring in a wider range of members, while also servicing suburban areas rather than solely big cities.

ABOUT Aayat Ali
Aayat Ali

Aayat is an editor for the Daily Digest based out of 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

Flexibility Will Transform The Real Estate Industry

Marriott Offers Hotel Rooms As Day Offices

How Flexible Offices Could Save UK’s High Streets

WeWork Demands Rent From Members

Flexible Offices Could Help Improve Work Culture

Ad
Advertisement

FOLLOW US

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