More than half of large corporations expect to increase their use of co-working spaces, according to broker Knight Frank's survey of global companies employing a total of 3.5 million workers. With shared-office space providers like WeWork innovating the way small businesses experience office renting, over 50% of the global companies queried see themselves utilising the flexible offices for at least a fifth of workers. The rise in shared workspaces is also reflected by the number of people who work from home. The shift may prove problematic for landlords who focused on securing long-term business leases.
More than half of large corporations expect to increase their use of co-working spaces, according to broker Knight Frank's survey of global companies employing a total of 3.5 million workers. With shared-office space providers like WeWork innovating the way small businesses experience office renting, over 50% of the global companies queried see themselves utilising the flexible offices for at least a fifth of workers. As well as adaptability, co-working is desirable for amenities that are offered, such as community spaces, or free beer and coffee. The shift may prove problematic for landlords who focused on securing long-term business leases.