A growing number of corporates in the City are embracing the co-working trend, aiming to boost productivity, create networking opportunities for staff and reduce costs. Some continue to operate a traditional office while also leasing space from firms such as WeWork to give staff choice and flexibility, or to house short-term project teams. Others are adopting features from the co-workspace model and incorporating them in their own offices. Blackstone’s The Office Group is planning to open a co-workspace centre in Canary Wharf her working week, one of the few co-workspaces in London’s second financial district.
A growing number of corporates in the City are embracing the co-working trend, aiming to boost productivity, create networking opportunities for staff and reduce costs. Some continue to operate a traditional office while also leasing space from firms such as WeWork to give staff choice and flexibility, or to house short-term project teams. Others are adopting features from the co-workspace model and incorporating them in their own offices. Blackstone’s The Office Group is planning to open a co-workspace centre in Canary Wharf next summer, one of the few co-workspaces in London’s second financial district.