The Shared Office Is Not Dead

Several analysts have proclaimed that shared offices will not survive the ongoing pandemic. With a pea-sized light at the end of the tunnel, the tremendous loss the office space sector has experienced in the past few months seems like a nail in the coffin.

Additionally, major technology companies, such as Apple and Google, have already committed to allowing their employees to work from home for the foreseeable future.

However, remote working has proven to be challenging for many employees, especially those who do not have the necessary amenities and connectivity at home. For this reason alone, coworking spaces can serve as the perfect solution to those who want a safe, clean workspace closer to their homes.

Large enterprises can also benefit from coworking spaces. Several large companies have started de-densifying their main workspaces, and coworking spaces can be adopted as satellite offices that can serve as a fully-equipped space for employees to conduct business in. Plus, using these spaces can greatly reduce real estate costs.

As it stands, analysts are now predicting that the market will make a shift to suburban areas in order to meet growing demand for offices closer to home. Not only do these workspaces help those who do not live in expensive central cities, but they can also help support small and medium sized businesses.