India Coworking Firms Hope To Find Relief Amidst Lockdowns
Many of India’s coworking operators are struggling to pay fixed costs as they face low occupancy rates and clients not renewing leases due to the coronavirus lockdowns.
Many of India’s coworking operators are struggling to pay fixed costs as they face low occupancy rates and clients not renewing leases due to the coronavirus lockdowns.
Social distancing guidelines are expected to be implemented on and off for the next few months, so companies should be prepared to blend remote and physical work options.
The coronavirus pandemic could spell bad news for coworking company WeWork as it juggles lease negotiations as well as members cancelling leases and refusing to pay rent.
IWG is the largest flexible workspace operator in the world and has survived through several economic downturns and expects to stay afloat throughout the coronavirus.
As the coronavirus continues to alter how companies operate, business leaders need to be equipped with the resources to ensure they can withstand this health crisis.
There is a misconception that flexible working and remote working are the same, so employers need to distinguish the two as employees transition to working from home.
WeWork is enlisting the help of real estate services firms JLL and Newmark Knight Frank to turn some of its leases into management agreements and negotiate rent relief.
As millions of workers are forced to work from home, SMEs might continue opting for remote working after the pandemic is over to cut costs and boost productivity.
Both workers who are working from home for the first time and seasoned remote workers alike need to maintain a healthy mind and body during these anxiety-ridden times.
Many have proclaimed that brick-and-mortar retail is officially dead, but the introduction of flexible offices in shopping centers could breathe life into these spaces.
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