| |MAY 20219As the concept of office as a static space is no more a norm, the future of work will be an evolutionary process that aims to make us more efficient, creative, and connectedAccording to a recent report by JLL, the market penetration of flexible workspaces in total office space is expected to go up to 4.2% by 2023 from the current value of 3%. The report further states that increased demand from large corporations will contribute to the growth of the industry to more than 50 million square feet by 2023.Indeed, the pandemic has made co-working even more important. Co-working spaces have played a crucial role by hosting the remote workers & assisting them in getting a workspace away from the home office, helping them meet other inspiring professionals and hosting virtual meetings.Further, functioning within a co-working space and shared amenities help to outweigh the cost for small business owners amidst the pandemic and subsequent economic slowdown. Moreover, flexible agreements help them scale at their own speed, without the pressure or stiffness of long-term traditional leases.Summing Up!As the concept of office as a static space is no more a norm, the future of work will be an evolutionary process that aims to make us more efficient, creative, and connected. It is here that co-working spaces play a key role with their unique offerings that bring about the right blend of safety, sustainability, and cost optimisation.With its safely distanced workstations, frequent sanitisation checks, highest precautionary measures, easy-on-the-pocket cost options and various other relevant amenities; co-working spaces have become the ideal solution to workplace woes during the economic slowdown in COVID and post-COVID world.
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