Cushman & Wakefield’s new report ‘Coworking 2020: What’s Next on the Flexible Workspace Horizon?’ has found that the flexible workspace could bounce back from its challenging year.
The research revealed that many UK occupiers who are looking to alleviate any risks from their long-term real estate footprint could opt for flexible workspaces.
This would allow them to provide their employees a safe workplace to come into outside of major cities.
“Whilst the occupation of flexible workspaces has been affected by the pandemic, we anticipate that as the market recovers they will be an attractive option to a number of occupiers who seek certainty and flexibility in terms of pricing and setup costs,” said Christopher Dunn, from Cushman & Wakefield’s UK Research & Insight. “Serviced offices will be a significant constituent in the desired occupational mix and form part of a broader long-term space strategy.”
Cushman & Wakefield also predicts that flexible managed workspaces will become increasingly popular as opposed to long-term leases. These offices would be fully outfitted with furniture, internet connection and other amenities that can help companies become more cost efficient during this economic uncertainty.
In the future, Cushman & Wakefield anticipates major growth in the flexible office industry as companies shift their strategies to focus on cost-cutting measures, sustainability, the customer experience and the employee experience.