Coronavirus pandemic has made significant changes in life and work. Workplaces are rapidly evolving and will almost orient towards increased flexibility.
Coworking providers have experienced an enormous increase in the number of inquiries this year as flexible spaces become common. While the first half of 2021 was hard for coworking spaces, the second part of the year saw a remarkable recovery.
People began to seek alternative working modes This is because such places not only perfectly match. They also present businesses to save money, increase productivity, improve employee experience, and provide flexibility.
The focus is on prevention, safety, and a healthy coworking atmosphere, which has attracted. The pandemic has brought attention to the significance of de-crowding workplace space and implementing a hub-and-spoke arrangement.
In 2022, it will be obvious that the dynamics of pandemic life are, in many ways, benefiting coworking spaces. Companies will continue to use the hybrid working model in 2022. Companies have realised that their most valuable asset is their people and that they must consider their requirements and preferences.
Flexibility is a critical factor and hence coworking spaces, with their natural flexibility and inherent willingness to add value are better placed to evolve and redefine the future of the workspace.
The demand for flexible space will also be largely driven by consulting, IT-BPM, and eCommerce enterprises. They are creating many satellite offices in major locations. According to industry estimates, demand for coworking spaces is now at 80% to 90% of pre-Covid-19 levels.
Continued demand by major firms with specialised workspace design requirements, desire for satellite offices, preventative health approach by businesses, and increased focus on technology adoption are a few trends that will dominate the coworking market in 2022.
The workplace has transformed from a strictly utilitarian environment to one that is more productive, immersive, and meaningful.
‘Survival of the fittest’ is likely to become the new norm in the long run. This industry requires a firm foundation to build up, and smaller players lack the resources to do so. Consolidation has become essential because the model works on building scale, and that’s the best way for the business to expand. As a result, the coworking culture will shape the business landscape in the future and is a concept that is here to stay.
Both companies and employees gain from coworking. It is cost savings for the company side. Most coworking disadvantage is the openness of the space. Various people working in an equally diverse space creates distractions.
Furthermore, there is a general absence of hierarchy and order, which both companies and people must adjust to. The good news is that many of coworking’s drawbacks can be addressed with new habits and familiarity.