The pandemic suddenly forced millions of workers out of the offices to work from home. Before the pandemic, flexible-office companies like WeWork made up a growing sliver of real estate – 2.3% of leasable space in the US as of the first quarter of 2020, according to JLL research, and the sector has grown an average of 23% per year since 2010.
Now, insiders predict a short-term pinch for the industry, as employees fear returning to people filled floors and as some of the small businesses that relied on these spaces have reduced their headcount. Addressing these concerns will be of paramount importance for co-working space providers.
Addressing the elephant in the room
Given the current situation, anyone is bound to think twice before deciding to work out of a co-working space. Addressing these concerns that weigh down on everyone’s mind will be critical for co-working space providers such as Spacemade and WeWork. How will the companies make sure that users are comfortable enough to return back to coworking spaces? ...