Although the coworking industry as a whole has taken a major hit due to the pandemic, WeWork is seeing a spike in interest as companies look for alternative workspace solutions.
Large organizations have embraced the idea of adopting a more flexible workplace, and doing so means that third-party office providers could see increased interest in their offices.
According to Balder Tol, manager of WeWork’s Australian operations, inquiries are growing.
“There’s heightened appreciation for the flexibility that sits within our business model,” said Tol. “Since Q4 [fourth quarter] the number of conversations we’re having with our enterprise members has definitely picked up significantly…They are really trying to balance their people strategy with their occupancy strategies.”
Tol added around half of WeWork’s memberships come from enterprises, and he is anticipating that number to grow.
At the moment, around three-fourths of WeWork’s member companies have returned to the office for part of the week.
The company recently opened its 21st location in Australia after the pandemic delayed the opening.
WeWork has been experimenting with new ways to accommodate members throughout the pandemic, including its “All Access” pass that allows members to use any of its locations.
