The sentiment towards office spaces has been drastically altered over the last nine months. Now, the adoption of flexible offices will play a significant role in corporations’ real estate portfolio.
While working from home has been the ideal solution to curbing the spread of COVID-19, employees are increasingly demanding some type of flexibility as a permanent work solution.
Flexible offices allow companies to reap the benefits of remote working arrangements, while also providing employees a place for in-person collaboration and interactions with their colleagues in order to better nurture relationships and brainstorm.
Using these spaces can also help prevent the potential increase of loneliness and isolation that can come with working from home.
Making this transition will require companies to completely revamp their real estate needs. Moving forward, the office will play a more purposeful part of a company’s operations. For instance, instead of being a space used for all work-related projects, it will instead be an environment where colleagues can meet, collaborate and hone in on creativity a few days out of the week.
Along with this rejuvenated view of the office will likely be the emergence of a hybrid work arrangement. Combining traditional and flexible real estate allows employees to embrace the benefits of in-office and at-home work, while companies can minimize the risk that comes with taking up short-term leases.
Demand for virtual offices has also climbed over the past year, namely from smaller companies who have given up office space, as well as those who are operating remotely.