What is a ‘third space’ venue – and could it be the future of hybrid working?

What is a ‘third space’ venue? Can this further accelerate remote working and work from anywhere? How can companies embrace ‘third space’ as part of hybrid working?

 

People work as they sit in a cafe at Zabeel House - The Greens, amid the spread of the coronavirus disease (COVID-19) in Dubai, United Arab Emirates February 1, 2021. Picture taken February 1, 2021. REUTERS/Rula Rouhana - RC2UKL9PEICV
A different place for a team meeting? Image: REUTERS/Rula Rouhana
  • ‘Third space’ working offers a creative alternative to the home or office environment.
  • Restaurants, hotels and private clubs have found new revenue streams by hosting remote working sessions.
  • 90% of companies anticipate a hybrid working approach, post-pandemic.

 

As many companies move towards a hybrid operating model where employees are split between office and home, a third way of working is growing increasingly popular.

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The Future Of Work – What’s The Point Of A Shared Workplace?

Co-working has been evolving even before the pandemic. So how will co-working take shape post-pandemic?

 

More importantly how will co-working fit into the future of work as workers return to office and also with the increasing adoption of hybrid work?

 

After being in the co-working office space sector for close to 10 years, I’ve seen it change immensely during that time. It started with a few early adopters and is now much more mainstream as a new way of working.

 

As the first glances of a post-pandemic world creep into view, one of the biggest questions remains around how we will all be working in the future. The pandemic forced many to work from home, who were confronted with a whole wave of both challenges and benefits. Undoubtedly, the world of work has been permanently changed, with flexible work arrangements now much more feasible.

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25+ Things Members Want From Your Coworking Space

With the increasing adoption of hybrid work the industry is also seeing an increase in demand for coworking space.

 

However for coworking and flex space operators to attract and retain members they need to really understand what members want and to continually improve on their offerings.

 

Here are some tips that differentiate a good from a great coworking space.

 

coworking-members-want

 

As we two-step toward something approaching normal life in your coworking space, let’s take a minute to re-center on your members—and what they want.

 

As you prepare for the workspace wave, here are 25+ things members want from your coworking space.

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Getting People Back To The Office: 5 Critical Factors For Hybrid Work

It is quite clear by now that most companies will not be able to get their employees back at the office full time. Therefore hybrid work is likely the best compromise for both employers and employees.

 

How can companies implement hybrid work successfully?

 

Here are some tips for a smooth implementation.

 

It seems almost every leader and almost every organization are planning for the great return—getting people back to the office on a more regular basis. We know the future of work will be hybrid, with the vast majority of people working from both the office and from their homes. But beyond that, there is a lot of uncertainty and honestly, plenty of room for error.

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5 changes to implement to make a ‘kid-friendly’ coworking and receive moms who do home office

By turning your coworking space into a kid-friendly place, you can attract and receive moms and dads who are in need of a quiet place to work. A ‘kid-friendly’ coworking space offers a great solution especially for remote working parents.

 

5 changes to implement to make a 'kid-friendly' coworking and receive moms who do home office

Image credit: LinDees

Since the school and office closures were implemented due to the Covid-19 pandemic, many working moms have been forced to make home offices. This brings the challenge of being professionals while taking care of our little ones or supervising their online classes.

 

Because of this, going to a ‘kid-friendly’coworking space became the best solution (and a great relief) for us. If you have not yet adapted your establishment to receive mothers and their children, here we tell you what changes can benefit your business.

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How co-working spaces can maintain community spirit in the new normal

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.

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Co-working looks to make a comeback as economy rebounds from pandemic

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)

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

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OPTIONS FOR SMALL OFFICES | FLEXIBLE SOLUTIONS FOR THE NEW NORMAL

Options for Small Offices | Flexible Solutions for the New Normal
  • Why Does a Small Business Need Office Space?
  • Office Space Challenges
  • Small Office Space: What are the Options?
  • What is Flexible Space?
  • Changing Mindset
  • How to Get a Flex Office
  • Tips for Creating Your Small Office Space
  • Conclusion

 

Given the events of 2020, particularly the need for physical distancing, the office space industry was heavily impacted. It suffered sweeping vacancies and a sheer drop in demand.

 

So it might seem odd that many small firms chose to keep their office space; some even signed up for new workspace and small office space, even though they couldn’t use it at full occupancy.

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The Future Workspace That Isn’t the Workplace

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.

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RENT OFFICE SPACE | A GUIDE FOR SMALL TO MEDIUM BUSINESSES

One of the first things you need to figure out when starting a business is how to find and what is needed to get your ideal office space.
Rent Office Space
  • 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.

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