As co-working returns from the pandemic it is taking on a more important role than before especially in the new normal. With workers returning to the office co-working is playing a big role in engaging the community and providing a platform for collaboration.
The pandemic has challenged our society and fundamentally upended its social construct. While its impact may last long with social distancing, lockdowns, and resulting economic fallout becoming the new norms, we do have the resilience to pull through these tough times.
As the economy opens up and workers returning to the office, short-term flex office spaces could help employers and employees return to work as well as help companies transition to a hybrid work arrangement.
Workspace at Industrious’ Glendale location (Courtesy Granite Properties)
What You Need To Know
After a down year, co-working companies are looking to rebound
As the economy opens up and people are getting COVID-19 vaccines, many employers are looking at ways to bring workers back to the office
The coronavirus and shutdown orders caused many co-working companies to collapse due to lack of demand
Short-term flex office spaces could help employers and employees return to work
It is time to reimagine the workplace as offices reopen. The role of the office is expected to change vastly post pandemic.
The 3 key areas that will see changes are health and workplace wellness; purposed and private spaces for focused work; and increasing role of the office for building culture.
LumiNola | E+ | Getty Images
Last spring, CNBC Make It asked workplace experts how the pandemic could change the future of work.
Brent Capron, the interior design director at architecture firm Perkins and Will’s New York studio, predicted workers would come back to the office on a hybrid schedule. They’d continue to do individual focused work from home and convene in office spaces redesigned as “elaborate conference centers” for large gatherings.
As more companies embrace the hybrid work model it also begs the question – what strategy should companies adopt to ensure a successful office reopening?
Companies across the world are thinking about reopening their office doors and welcoming their employees back. Too many, though, are adopting a “wait and see” strategy–that is, they’re planning to unlock their doors and wait to see which–and how many–employees show up. Companies that adopt this approach are setting themselves up for irreparable damage.
As offices reopen there is an on-going debate whether people will return to the office full time or continue to work remotely. Could there be another option that people can choose where to work from?
London WeWork South Bank. Image via WeWork
As we begin to emerge from the COVID-19 pandemic, there has been much speculation and debate about whether we will return to our old habits of working in the office 5 days a week, or if working from home creates equal or greater productivity. However, many believe that the future of the workforce will largely be focused on a balance between in-person and in-office working, and a form of remote working, that summates into a new, hybrid model. But if you’re not at home, and you’re not working, then you must be somewhere else- exploring the true in-between of a public and a private space. Enter the concept of the “third” place, which is used to describe everything from coffee shops to banks, and even co-working spaces. If you’ve ever studied for an exam at a bookstore, or even dropped into an airport restaurant to catch up on some work, then you too, have visited a “third” place.
As companies dig into to the future state of work within their own organizations, numerous workplace models will be examined, including satellite offices; hub-and-spoke models; networks of smaller, lower-cost office spaces closer to employees’ homes, to name a few. At the same time, the home office market will also grow exponentially. In fact, we have already seen a handful of office furniture manufacturers pivot to direct-to-consumer marketplaces. Regardless of the model, we remain confident that design solutions will revolve around the employee experience, with a keen eye on flexibility and choice, technology, sustainability and wellbeing, inclusion, and diversity—all culminating into culture-driven environments.
When starting your search for office space, keep in mind that there are different models to choose from: traditional, third-space providers, flexible space rentals.
Flexibility has become a key consideration in the business world; when choosing your office space, keep flexibility at the top of your mind to ensure that your office space can grow with your business.
One of the main benefits of flexible space is that there are no hidden costs; you pay a monthly fee for rent, utilities, and maintenance.
Regardless of industry or company size, many organizations throughout the years have chosen to rent office space rather than lease or purchase real estate to build out their headquarters. For years, this has proven to be a beneficial approach to corporate real estate, but times are changing and companies worldwide are increasingly interested in flexible office options.
Technology including artificial intelligence will play an increasing role and driving transformation in the workplace especially AI will influence how we work in the future.
A wave of automation and artificial intelligence adoption by larger firms is expected start reshaping both who works in offices and what they are doing amid a widespread return to the office.
A 2020 survey by Deloitte found that 8 in 10 corporate effects had already implemented some form of robotic process automation, or RPA, a multibillion-dollar industry dedicated to automating repetitive tasks, increasing efficiency and decreasing expenses.