In search of a viable solution in the face of economic uncertainty, companies favor coworking spaces

Now more than ever, a flexible workspace can help meet the demands of a new era. In search of agility, many companies are now turning to co-working spaces.

 

Rather than having a single central office, they can now opt for multiple and flexible locations in and outside the business city center.

The flexibility of the workforce

The trend towards more flexible premises was growing even before the events of 2020. Real estate investment giant CBRE further identified that the flexible office market worldwide was growing at a rate of around 13% per year. , and that the market had even tripled in size since 2006. At the same time, JLL, another big name in real estate services, predicts that up to 30% of companies’ real estate portfolios will be flexible workspaces by 2030.

Indeed, a study by Deloitte in 2018 found that flexibility (in terms of hours and place of work) was the third most important factor for young workers. Half of 25-year-olds and 44% of Gen Z describe it as “very important” when choosing whether or not to work for a company.

Choosing a flexible office space, especially for collaboration, could also help communities and regions recover faster, by converting commercial spaces or house renting space to co-working spaces, it can mean new options with more prices advantages for customers and new players in the real estate sector.

An obvious financial incentive
The estimated annual cost of a conventional office space is £ 14,000 (approximately EUR 15,400) per office, based on the average cost of a standard lease, for 50 offices over a five-year period, in New York City , London, Tokyo, Sydney, Hong Kong and Paris. In Auckland, New Zealand, this average annual cost is 12,600 NDZ (approximately 7,200 EUR).

When small businesses get back on their feet, they may be looking for more flexible premises, offering shorter leases and more options to expand or reduce the space needed.

For over 30 years, IWG has been revolutionizing flexible workspaces, empowering organizations around the world to take a new approach to the traditional work routine. Many companies are seizing this opportunity to create a competitive advantage: notably by reducing costs, stimulating productivity and attracting and / or retaining the best talent.

You too can explore the full list of IWG New Zealand solutions now and empower your business. As readers of Petit Journal Auckland, benefit from a 10% reduction on the fees applicable to the first six months of a new contract for all Regus, Spaces or Biz Dojo products.