As experts had projected, the covid-19 pandemic has greatly affected the coworking industry.
The transformation of the workplace since early 2020 can’t be understated. A few years ago, analysts had predicted that how we work would take place in shared workplaces that focus on connection and collaboration.
Nevertheless, all that was derailed when the coronavirus pandemic ravaged nearly every country around the world. The led to many offices closing and employees being asked to work from home.
Despite the many benefits of working from home, some employees have expressed the need to come back to the office to fill the need to connect, socialize and get more working resources.
It’s expected that the demand for coworking spaces would continue even after the covid-19 pandemic, as professionals prefer having the option of a more hospitable and flexible workspace.
The coworking spaces aren’t just equipped with the conventional office amenities that people need, but also feature a wide range of workspaces to suit different work styles.
Through coworking, firms can create a more diverse, but inclusive workplace culture that accommodates employees regardless of their work preferences.
Having open office spaces for socialization and downtime, private cubicles for conference rooms for collaborative sessions and brainstorming offers workers a choice that has ultimately become a necessity for a healthier workforce.
The Success Of Coworking Spaces
Coworking was here before the covid-19 pandemic, but the start of the coronavirus crisis solidified the coworking spaces as the most preferred workspace solution.
In the early days when companies started adopting coworking, most argued that it was just like any other trend that would ultimately fade away. A decade later, what began as a trend has evolved to become a full-blown sector that has completely disrupted how individuals lease and use the office space. As the demand for coworking spaces has grown and the market evolved, so has the term “coworking”. Nowadays, most people use coworking, workspace as a service, and coworking to talk to the same thing.
One thing that’s clear, no matter the term you choose to use, coworking spaces are here to stay.
Coworking Is A Mainstream Trend
Coworking spaces have ultimately become the most preferred workplace of the workforce today. This is actually true, particularly with more organizations shifting to the permanent remote work options following the covid-19 pandemic. Firms adopting the hybrid work models are implementing flexible workspace options into their commercial real estate approaches to cater to the needs of remote employees across different regions and countries.
It isn’t just about the increased adoption of coworking spaces from corporations that points to coworking as a new normal. Also, the coworking industry is experiencing lots of interest from investors, property developers, and landlords alike.
What To Expect
The coworking sector has been profoundly hit by the covid-19 crisis. But it seems better days are coming.
Despite the slowed growth, research from 2020 shows that the coworking sector will come out stronger following the coronavirus pandemic.
Experts have said that the suburban co-working spaces will thrive in the post-pandemic work. With the adoption of remote work, many people are choosing to leave the big cities in favor of the suburban areas.
Coronavirus: How the world of work may change forever. (n.d.). https://www.bbc.com/worklife/article/20201023-coronavirus-how-will-the-pandemic-change-the-way-we-work
Vasel, K. (2021, March 11). The pandemic forced a massive remote-work experiment. Now comes the hard part. CNN. https://edition.cnn.com/2021/03/09/success/remote-work-covid-pandemic-one-year-later/index.html
M, M. (2021, July 6). WeWork rival IWG grows to meet COVID-driven shift from big offices. Reuters. https://www.reuters.com/business/wework-rival-iwg-grows-meet-covid-driven-shift-big-offices-2021-07-06/