ATLANTA, Oct. 31, 2018 /PRNewswire/ -- Over the next five years, corporate real estate professionals are set to dramatically increase their use of co-working spaces to house employees, according to a survey conducted at the CoreNet Global Summit in Boston. According to the results so far, the percentage of employees at respondents' companies utilizing co-working has doubled over the past two years. The survey was conducted by Cushman & Wakefield and CoreNet Global during the course of the three-day summit and was completed by more than 220 corporate real estate executives and industry service providers. When asked what percentage of your global workforce are or will be using co-working on a regular basis, respondents indicated the following: Three-fourths of the respondents said that a main benefit of utilizing coworking was the ability to ramp up or down a corporate real estate portfolio. Other benefits are reducing costs, attracting and retaining talent, communicating brand, and maximizing efficiency. About CoreNet Global CoreNet Global is the world's leading professional association for corporate real estate (CRE) and workplace executives, service providers and economic developers. CoreNet Global's more than 11,000 members, who include 70% of the top 100 U.S. companies and nearly half of the Global 2000, meet locally, globally and virtually to develop networks, share knowledge, learn and thrive professionally. For more information, please visit www.corenetglobal.org. About Cushman & Wakefield Cushman & Wakefield is a leading global real estate services firm that delivers exceptional value by putting ideas into action for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with 48,000 employees in approximately 400 offices and 70 countries. In 2017, the firm had revenue of $6.9 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter. View original content:http://www.prnewswire.com/news-releases/co-working-to-rise-dramatically-survey-conducted-at-corenet-global-summit-companies-project-nearly-one-fourth-of-global-workforces-will-be-using-co-working-spaces-in-five-years-300741262.html SOURCE CoreNet Global
Corporate real estate executives are set to rapidly expand their use of co-working spaces over the next five years, according to a survey conducted by Cushman & Wakefield and CoreNet Global at the latter's recent summit in Boston. The survey, which polled more than 1,000 executives, found that nearly half (47 percent) said they plan to open or expand such facilities within the next two years. An overwhelming majority of those surveyed cited the flexibility to scale their real estate portfolio up or down depending on demand as the main reason behind the move.