5 reasons why covid 19 may increase the demand for coworking space

5 reasons why covid 19 may increase the demand for coworking space

Due to COVID 19, the number of people working from home has rapidly increased from the past few months. Employers are being called upon to develop hybrid workplace strategies and more flexible working arrangements, much of which can be achieved by turning to the coworking space.

The coworking space trend is majorly set on by the increase in the number of startups worldwide. The development of sustainable coworking spaces is a significant trend in shaping the coworking spaces market.

Let’s start by knowing what the coworking space industry is.

The coworking space industry is when people gather in a neutral space to work independently. Shared office space is different from a typical office workspace because the people in this environment generally aren’t working for the same company. 

Every coworking space has some necessary facilities like WiFi, printers; usually, some conference rooms and some will have tea, coffee, and snacks available.

The coworking space business model allows several workers from different companies to share an office space, allowing cost savings and convenience through common infrastructures, such as equipment and utilities.

Who will return to coworking space?

We all know that COVID 19 has left a massive impact on the coworking spaces, and it will continue to. While many offices are looking for employees’ option to work from home, it is not an option for everyone. Below are some reasons for believing that these groups will surely go back to coworking space. 

1. Freelancers

There are some excellent reasons to believe that freelancers are among the most likely to welcome returning to the office after working from home for months.

Given that they typically work by themselves, they are more prone to feelings of loneliness. They were the ones that most benefited from coworking’s sense of community and the social interactions that these spaces offered. 

2. Startups

Coworking spaces are very flexible in their pricing structure and commitment level. The majority will let you rent a room on a monthly, weekly, or even daily basis, which will help the new startups.

The startups can also seek out a coworking community that’s been carefully cultivated to boost the chances of success to collaborate with another talent available.

Are coworking spaces safe?

Looking at the current situation of COVID, 19 coworking spaces started maintaining cleaning protocols. They focused on ensuring their daily, detailed cleanings are conducted with the highest standards, placing an enhanced focus on shared areas and contact points.

Some of the best practices that the co-working spaces have been following are: 

  • Regularly wipe all surfaces and objects with disinfectant frequently that are touched by members and employees.
  • Putting hand sanitizers in the places where members can easily reach them.
  • Providing masks for everyone.

Will coworking spaces survive?

The COVID-19 pandemic has proven that many companies can operate while working remotely. And this fact has just been solidified after employees of many companies have shifted to co-working spaces near to their place of residence.

However, these shared office spaces represent an essential part of doing business and developing relationships with colleagues and clients, particularly in the commercial real estate industry.

Moving forward, while many aspects of working in an office will change, real estate professionals, will continue to rely on a new kind of coworking space to support their operations and employees.

Although it is clear that coworking spaces are suffering at the moment due to closing their facilities and members opting to work from home, this does not mean it is the end of the industry as we can see that slowly and steadily, the country is opening up and fighting against COVID and people are looking for options to work from which are near to their house for a professional ambient. 

Here are five reasons why coworking will be the new normal, and the logical alternative to traditional offices, in a post-pandemic world.

1) Flexible working 

Even in the pre-pandemic time, many companies had been affected by the burden of long-term, lock-in leases with massive security deposits, which deduct the ‘business cash flow’ ability to reply to changes within the economy quickly. 

2) Adaptation of customized working space 

Now, the Indian government has released new guidelines directing companies to take care of six feet of physical distance between team members within the workplace; employers face another problem: having the ability to accommodate their teams within the same amount of space pre-pandemic.

The fashionable office space has undoubtedly evolved over the ages, and as companies look to resume business, redesigning and restructuring existing land will pose yet one more challenge. Coworking spaces seem ready to answer design changes required post-COVID-19 quicker and more efficiently than traditional office spaces can.

3) Re-building Communities 

Employers might not have accounted for their teams’ unanticipated psychological state consequences being battling by performing from home. Isolation and burnout are two perfect causes for concern, especially for workers who are wont to the pace and offerings of day-to-day office life.

It’s an indisputable fact that shared office helps fight burnout and depression due to the connections people are ready to make with others they see on an almost-daily basis.

4) Leaving it to the Experts

For the past few months, business owners have had to affect everything from shutting their offices for an indeterminate period of your time to learning how to help their employees optimize their productivity while performing from home.

As they now look to a return to the office space, business owners should be allowed to specialize in their bottom-line and driving productivity to an all-time high, not on the hassles of running an office.

5) Ready for a more extended period

If Covid-19 has taught us one thing, having the ability to pivot, and rapidly adapt to the just about daily challenges that the pandemic has brought with it, are essential. Even while lockdown restrictions are slowly starting to ease up, companies would understandably remain hesitant to enter into long-term leases again, as long as the country remains seeing big spikes in cases and a tally that shows no immediate signs of slowing down. 

The COVID-19 is undoubtedly not an end to the coworking culture as people would discover that the benefits of social gatherings in terms of emotional and intellectual fulfillment would be crucial for society’s overall health.

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