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 at least a fifth 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 3.5 million 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.
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.