Coworking Firms Reel From Low Occupancy
Several coworking operators have had to pivot from their open plan environments as the pandemic threatens occupancy rates due to professionals working from home.
Several coworking operators have had to pivot from their open plan environments as the pandemic threatens occupancy rates due to professionals working from home.
Facebook announced it would likely see half of its staff transition to remote working in the next decade, but the firm is still taking up square footage in New York.
Technology firms have transitioned from building out lavish office campuses, to mostly remote working arrangements and this is causing workers to move to cheaper cities.
As companies have transitioned to remote working arrangements, some have dealt with cybersecurity threats due to home offices not being equipped with the right tools.
All organizations want a workforce that is motivated and innovative, and in order to accomplish this, they need to create a workplace that reflects their bottom line.
Although the flexible workspace industry has taken a hit in business over the past few months, demand from large businesses for these offices is slowly growing.
Despite many analysts proclaiming the death of the office, Class A office spaces that are amenitized will continue to be necessary for employees in the coming months.
Although working remotely holds countless perks for employees, the reality is that workers still want a physical workplace to interact with colleagues and focus on work.
Companies that do not create strategies to upskill their employees and incorporate the necessary technology risk falling behind when preparing for the future of work.
Amazon will expand its office footprint across six cities in the US, where it will take up 900,000 square feet of space and create 3,500 technology and corporate jobs.
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