Coworking spaces have been on the rise since the concept was first introduced in the late 1990s. As we see the landscape of offices drastically change throughout the years, more coworking spaces have been rapidly emerging everywhere. However, it’s not just coworking, it’s the motivation and independence behind this concept that is changing the face of the workplace overall. But what is Coworking and why are so many companies adopting this approach? More importantly, what does the future hold for Coworking spaces? Let’s discuss the 3 up-and-coming trends.
The new norm for office leases
As Bjorn Rosinus, Founder and CEO of Endeavor of Innovative Workspaces said “ Coworking and coworking spaces are going to revolutionize and disrupt the way that we know and understand traditional office spaces and environments all across the globe. We will see a shift away from long term office leases into more flexible solutions typical of coworking spaces. “ (Future of Everything, 2018) This suggests that Coworking spaces are likely to replace traditional offices. As there are currently 13,800 coworking spaces worldwide (Global Coworking Survey, 2017), there is no doubt Coworking spaces will remain on top up the heap for many years to come.
“Workspace as a service”
“Workplace as a service” focuses effort on other value added services that enhance member experiences, hence giving workers an edge over a home office, the coffee shop, or even a traditional office. Since services and conveniences are truly what drive people to cowork, the term “Coworking” will likely be redefined. Expect a more forward-thinking model with many all-in-one-location-services such as retail coffee shops and cafes. Future spaces may even include a health club, spas and dry cleaning. This immersive experience will not only benefit members, but also owners due to its optimal use of the space.
Niche Coworking spaces
Such Coworking spaces are industry specific and only caters to a particular kind of product or service. While general Coworking spaces open their doors to anyone, it does not provide industry experience sharing that niche spaces are able to provide. With these vertical-oriented spaces, resources and learning opportunities can be more focussed, hence boosting operational power and maximizing startup success. Not to mention, since tenants are from the same industry, owners are able to understand members better, making it easier to craft the perfect working environment for these professionals.
These 3 coworking trends show a high demand for fresh thinking in this sector. As talent, work and technology redistributes itself in the coming years, the world of coworking is probable to change as well. Let’s keep a lookout for what the future has in store for Coworking spaces.