Companies are coming to terms with the fact that the workplace will never look the same. Remote working has become increasingly more desirable and attainable for many, leading to a dip in office space demand.
For companies who need office space moving forward, such as medical and wellness practices, the idea of signing a long-term, traditional lease feels risky. That’s why some are turning to coworking spaces as a solution.
Traditional coworking has long geared its services to entrepreneurs and business owners, but niche spaces have popped up in recent years and can help specific industries have a more flexible workplace.
For instance, in Houston where office buildings remain largely vacant, medical coworking space providers have become key tenants and are helping support occupancy rates.
Having space for private practitioners has been particularly important, as many have been displaced during the pandemic. Fortunately, medical coworking spaces have allowed these health professionals to continue serving their patients, without the financial and operational burden of managing a large office.
Not only is this arrangement ideal for private practitioners, office landlords also view this as an opportunity for them to keep tenants in their building once they have eventually outgrown the coworking space.