The COVID-19 pandemic has led to a realisation that offices will never be the same again. Most of the companies and their employees have recognised the benefits of working remotely during the pandemic. While the global coworking spaces market was worth $9.27 billion in 2019, it came down to $8.24 billion in 2020. The main reason behind the decline is the economic slowdowns caused by the Covid-19 pandemic. However, as people become wary of the new work trends brought about by the pandemic, coworking spaces are now making a comeback and are now poised for an emerging hybrid work model.
“Flex spaces add the much-required agility to an occupier’s real estate portfolio and have become an integral part of their strategy. We believe the industry will receive a boost as demand for flexible tenured spaces will only increase, keeping in mind the requirement for more distributed office spaces,” states Harsh Binani, co-founder, Smartworks.
He further adds that “Cost advantage, efficient, and flexible workspaces for lower Capex, flexible leases, fully managed spaces, and customised offerings have led to a surge in demand for flex spaces. While the work plans remain fluid, companies continue to reassess their real estate needs. Occupiers are going in for an asset-light model as part of their real estate portfolio planning post-pandemic. Companies are diversifying operational risks by distributing work at more than one location, offering maximum flexibility to their employees.”
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Denne historien er fra April 2022-utgaven av Commercial Design.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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PATH FINDERS MINDS BEHIND THE BEST WORKSPACES IN INDIA
In celebration of Commercial Design magazine's 11th anniversary, we are proud to present the \"Minds Behind the Best Workplaces in India\".
REDEFINING WORKPLACE DESIGN AND SUSTAINABILITY FOR THE FUTURE
The 19th Smart Office Summit, held in New Delhi, explored the future of workplace design, bringing together industry leaders to discuss trends, sustainability, and innovative solutions for next-gen workspaces
SYNQ.WORK PLANS TO INVEST 60 CR. TO ADD 6 LAKH SQ. FT. OF MANAGED OFFICE SPACES TO ITS PORTFOLIO WITH NEW CENTRES IN BANGALORE, PUNE, AND HYDERABAD
Synq.work, one of the leading managed office space providers in India has recently made an announcement to expand the current seating capacity from 3200 to 12,000 by adding an additional 8800 seats by December 2025.
TANGIBLE ROI
How to connect your CAFM to obtain tangible ROI
UNLEASHING THE POTENTIAL OF THE OFFICE CAMPUS
Exciting concept can re-ignite employees' desire to work onsite and drive creativity
REINVENTING RETAIL
Inside Culdesac's future-forward design of Bershka Valencia
A VISION BEYOND THE CONVENTIONAL
Kangana Ranaut's Manikarnika Films Studio office, designed by The Orange Lane, transforms a creative workspace into an inspirational sanctuary, masterfully blending tranquillity and innovation.
WHEN INDUSTRIAL CHIC MEETS URBAN OASIS
Studio Lotus breathes new life into Chennai's largest IT park with the design of The Hub at DLF Cybercity, Chennai - a dynamic mixeduse community hub that's a vibrant fusion of industrial design and community-centric spaces.
SHAPING THE FUTURE OF WORKSPACES
Understanding the evolving dynamics of workplace design and operations.
CHANGING SHAPE
Five of the biggest breakthrough innovations redefining the fit-out industry