There’s no reason to limit coworking to startups and remote workers any more. Organizations of all shapes and sizes have discovered the many benefits that coworking and flexible office space have to offer, and the market has risen significantly in recent years.
Note: In 2022, there were around 19,000 coworking spaces around the world. It was projected at the time that the number would reach 26,000 people. In 2019, more than 3 million people used coworking spaces around the world, with that number predicted to quadruple by 2022.
This quick reference will cover the most important topics for businesses and coworking spaces, including:
Traditional office spaces just cannot compete in terms of customisation and flexibility with coworking spaces.
Even while coworking spaces have been around since the 1990s, it is still a relatively new concept for larger businesses. Microsoft was the first large corporation to incorporate flexible office space into its operations, announcing in 2016 that many of its teams would work out of WeWork locations around the country. Others have followed in their footsteps, including:
Since shared office space, both on a general level and for large organizations, is evolving at such a quick rate, the list of huge corporations adopting flex space in some form is rapidly rising. Large organizations now account for more than a quarter of cowork’s membership and revenue, with the company’s corporate clientele increasing by 370 percent year over year in 2018.
But what is it that is causing such rapid expansion? The solution is contingent on the company’s objectives and requirements. There are five underlying causes, though, that are driving this massive trend toward flexible office spaces.
Based on aggregate data from demand, competition, occupancy, and pricing, EcommerceBD has created the world’s first location score for coworking. It recommends coworking spaces based on location scores.
Increasing brand awareness and positively impacting demand for your space is the first step in gaining new members. We examined a range of marketing methods that operators might utilize in this article.
1. Keeping track of inventories
Managing product packages and general inventory in your workspace can be difficult in the same way that managing members at a serviced office facility can be difficult.
2. A multi-faceted shared workspace
Due to the nature of serviced offices and shared workplace, it is more difficult for operators to install efficient and optimized IT solutions.
We hope you find this material useful as you make decisions about your next steps. If you have any questions or would want to discuss your alternatives, you are welcome to phone us. We’re here to assist you.