Coworking operators worldwide are facing their biggest challenge yet, but the benefits of these flexible spaces are expected to echo long after the pandemic has ended.
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Workspace Group has announced that while only half of their customers paid rent at the end of March, it has enough capital to help them through the coronavirus lockdowns.
Once the pandemic has ended, business leaders are expected to reevaluate their traditional office model and how a flexible option could benefit them in the long run.
There is a potential for mental health problems to increase as people adjust to being isolated, so it is up to companies to ensure their employees are mentally healthy.
Coworking spaces are adjusting their operations to abide by current social distancing guidelines through offering private office space, canceling rental fees and more.
As some workers struggle to transition to working from home due to various distractions, services office companies in Australia have reported a huge surge in demand.
After the coronavirus pandemic has slowed down, coworking spaces need to take the steps to ensure that their employees and members feel safe within their facilities.
People everywhere have joined the virtual workforce and it is vital for these workers to use the right technology, establish a routine and meet their own social needs.
The coronavirus will undoubtedly have a negative impact on the flexible office industry for now, but industry experts believe that demand will thrive beyond this crisis.