Future of work newsletter free subscription Future of work newsletter free subscription Future of work newsletter free subscription
  • Marketplace
  • Resources
  • Business Directory
  • Events
  • Advertise
  • Brand Pulse
  • Publish a Press Release
  • Get the Newsletter
  • Contact
  • About Us
The FUTURE OF WORK® since 2003
Allwork.Space
No Result
View All Result
Subscribe
  • More
    • Columnists
      • Dr. Gleb Tsipursky – The Office Whisperer
      • Nirit Cohen – WorkFutures
      • Angela Howard – Culture Expert
      • Drew Jones – Design & Innovation
      • Jonathan Price – CRE & Flex Expert
    • Get the Newsletter
    • Events
    • Advertise With Us
    • Publish a Press Release
    • Brand PulseNew
    • Partner Portal
  • Latest News
  • Business
  • Leadership
  • Work-life
  • Career Growth
  • Tech
  • Design
  • Workforce
  • Coworking
  • CRE
  • Podcast
  • More
    • Columnists
      • Dr. Gleb Tsipursky – The Office Whisperer
      • Nirit Cohen – WorkFutures
      • Angela Howard – Culture Expert
      • Drew Jones – Design & Innovation
      • Jonathan Price – CRE & Flex Expert
    • Get the Newsletter
    • Events
    • Advertise With Us
    • Publish a Press Release
    • Brand PulseNew
    • Partner Portal
  • Latest News
  • Business
  • Leadership
  • Work-life
  • Career Growth
  • Tech
  • Design
  • Workforce
  • Coworking
  • CRE
  • Podcast
No Result
View All Result
Subscribe
Allwork.Space
No Result
View All Result
Advertisements
Workspaces Run Better On UltraSoftBIS
Home Coworking

Are Vaccination Rates Influencing Flexible Workspace Demand?

Cecilia Amador de San JosébyCecilia Amador de San José
July 13, 2021
in Coworking
Reading Time: 3 mins read
A A
Are Vaccination Rates Influencing Flexible Workspace Demand?

According to The Instant Group, cities displaying the lowest vaccination rates are also showing the lowest demand for flexible office space.

More stories for you

India's Smartworks Coworking IPO Draws Strong Demand As Investors Snap Up All Shares On Day 2

India’s Smartworks Coworking IPO Draws Strong Demand As Investors Snap Up All Shares On Day 2

3 days ago
IWG To Double Flexible Workspace Locations Across Kenya This Year

IWG To Double Flexible Workspace Locations Across Kenya This Year

3 days ago
Italy’s Rail Revamp Turns Stations Into Coworking Hubs

Italy’s Rail Revamp Turns Stations Into Coworking Hubs

4 days ago
Coworking Is Moving Into Apartment Buildings As A Powerful CRE Strategy For Tenant Retention

Coworking Is Moving Into Apartment Buildings As A Powerful CRE Strategy For Tenant Retention

5 days ago
  • Will vaccination rates impact return-to-office rates in key cities? Data from The Instant Group suggests so. 
  • Two cities in Instant’s analysis have the lowest rates of vaccination – and the lowest demand for flexible space. 
  • This link is evident in the US, the UK and EMEA. In Europe, flexible workspace demand is most hampered in Poland, which reports only a 41% vaccination rate. 

Is there a link between vaccination rates and flexible workspace demand? To answer this question, The Instant Group reviewed flexible office demand by workstation and inquiries in six major U.S. cities and compared the demand with vaccination roll out data. 

What did the data say? 

Advertisements
Disaster Avoidance Experts

After looking at data from its listing platform for New York City, Miami, Chicago, Denver, San Francisco, Atlanta, and Dallas, The Instant Group found that there appears to be a general link between demand for flexible workspaces and vaccination levels.  

“Our preliminary data suggests that vaccinations matter,” Joe Brady, CEO Americas, said during an interview with Allwork.Space. Whether it was public perception or consumer confidence remains to be determined, but the important takeaway is that there seems to be a relationship there.  

Advertisements
Maximize Flexible Space Revenue
PI
Data suggests that cities with a low vaccination rate also have lower demand for flexible office space, although the reasons why are unclear.

“Good examples of this are Dallas and Atlanta,” Brady added. “Dallas and Atlanta have the lowest rates of vaccination—at 47% and 41% respectively; these two cities have the lowest demand for flexible space according to our data. On the flip side, Denver and San Francisco—which have vaccination rates of 65% and 67% respectively—have the highest flexible space demand.” 

The workspace innovation company also found similar data in the UK and EMEA. The cities with the highest vaccination rates are also experiencing the highest demand for flexible space there, Brady added. In Europe, flexible workspace demand is most hampered in Poland, which reports only a 41% vaccination rate.  

Interestingly, Brady mentioned that cities with higher vaccination rates are experiencing increased demand from enterprise clients, except for San Francisco. The Instant Group is not seeing large requirements for flexible space in the San Francisco market, although it is seeing small flexible space requirements.  

Then again, San Francisco reports a lower back-to-office percentage than the national average, Brady commented. According to data from Castle Systems, only 20% of the San Francisco workforce was back in the office by mid-June; the average US return to office is 32%.  

Advertisements
Workspaces Run Better On UltraSoftBIS

Brady argues that what this says is that “people want to get out of the house, but they don’t want to go back to their long commutes.” 

Another reason why return to office rates in San Francisco are lower than the US average could be that technology firms are more progressive in terms of work from anywhere, meaning that these companies are not yet asking employees to go back to the office, even part-time.  

Moving forward Brady argues that there is a fundamental acknowledgment that knowledge workers want agency, autonomy, and optionality. “Employees don’t want to be told where they need to go and punch in their card.” Organizations that understand this and allow workers to choose where and how they work will experience purposeful presence in the office from employees, as opposed to passive attendance if they’re forced to be there.  

Advertisements
Subscribe to the Future of Work Newsletter
Tags: Coworking
Share5Tweet3Share1
Cecilia Amador de San José

Cecilia Amador de San José

Cecilia is an experienced writer and editor with a background in strategic communications. She has written articles for Allwork.Space on several topics, including the future of work, flexible workspaces, employee wellness., and more.

Other Stories Recommended For You

India's Smartworks Coworking IPO Draws Strong Demand As Investors Snap Up All Shares On Day 2
News

India’s Smartworks Coworking IPO Draws Strong Demand As Investors Snap Up All Shares On Day 2

byAllwork.Space News Team
3 days ago

Smartworks Coworking Spaces' $67.6 million India IPO was fully subscribed on the second day of bidding on Friday, as retail...

Read more
IWG To Double Flexible Workspace Locations Across Kenya This Year

IWG To Double Flexible Workspace Locations Across Kenya This Year

3 days ago
Italy’s Rail Revamp Turns Stations Into Coworking Hubs

Italy’s Rail Revamp Turns Stations Into Coworking Hubs

4 days ago
Coworking Is Moving Into Apartment Buildings As A Powerful CRE Strategy For Tenant Retention

Coworking Is Moving Into Apartment Buildings As A Powerful CRE Strategy For Tenant Retention

5 days ago
Advertisements
Workspaces Run Better On UltraSoftBIS
Advertisements
Drive Virtual Office Revenue

Unlock your competitive edge in tomorrow's workplace.

Join a community of forward-thinking professionals who get exclusive access to the latest news, trends, and innovations that are shaping the future of work.

©2024 Allwork.Space News Corporation. All Rights Reserved.

Exploring the Future Of Work® since 2003.

Advertise   Newsletters   Privacy Policy   Terms Of Use   About Us   Contact   Submit a Press Release   Brand Pulse   Podcast   Events   

No Result
View All Result
  • Home
  • Latest News
  • Topics
    • Business
    • Leadership
    • Work-life
    • Workforce
    • Career Growth
    • Design
    • Tech
    • Coworking
    • Marketing
    • CRE
  • Podcast
  • Events
  • About Us
  • Solutions
    • Advertise | Media Kit
    • Publish a Press Release
    • Brand Pulse
Subscribe

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00