5 ways coworking spaces are changing – Latest trends & future predictions
The world of work continues to evolve with time. The idea of the workplace and modern-day office is facing another big shift as more and more companies are moving away from fixed offices and switching to co-working spaces. And while things have always changed for the better, people today are trying to traverse through this new normal that companies and businesses need to acclimate themselves to in the coming years and understand how they can use coworking spaces to scale their brands and operations further.
There has been a definite increase of coworking spaces in recent years. It’s predicted that the number of coworking locations will double by 2024 and surpass 40,000 worldwide. As the supply of coworking areas grows, the demand continues to grow even more, even as the world slowly steps out of lockdowns and into the post-COVID-19 pandemic era. With these trends in mind, there are at least five ways that coworking spaces will change in the coming years.
#1. Value for sanitation and health protocols
While the pandemic situation is not as bleak as it once was, the world isn’t completely out of the woods just yet. And it seems like in the next few years, avoiding contamination will still be on people’s minds. Even as people slowly lose anxieties and fears over Coronavirus, it’s likely that people will not be letting go of their sanitizing ways anytime soon.
As coworking spaces adapt to the new normal, there needs to be a rethinking of the way coworkers co-work, more specifically around holding stern health and sanitation protocols. It’s also likely that people will value wider spaces where they can social-distance well and open spaces where droplets have been proven to spread less.
#2. The search for community
There’s also reason to believe that some companies will ditch the brick-and-mortar office setup and embrace a fully virtual setup even after the crisis. As more teams go virtual, there is a new challenge for professionals: fighting loneliness and isolation. Working from home can be extremely convenient, but it isn’t likely that everyone will want to stay all the time indoors. Work-from-home employees and freelancers will continue to search for a community.
The rise of coworking spaces provides people with a great way to connect with others even when their company offices disappear. If there’s one thing that COVID-19 has taught us, it’s that community still matters. Thirty-four percent of millennials said that they often feel more lonely because of the pandemic. For baby boomers, it’s lower, but still a whopping 20%. To battle the loneliness, people will need spaces to socialize while working- a space outside of the home and an alternative to bars and restaurants. And it seems that coworking spaces will be a likely candidate for many.
#3. Virtual team cohorts
Speaking of community, new virtual workers will need the guidance of experienced digital nomads on how to traverse through their new territory. They will most likely want to learn how remote work software can help teams work better virtually and build stronger systems to stay productive even without physical oversight.
With this pressing need in mind, coworking spaces can provide the right avenue for virtual team cohorts where novice virtual workers can learn from seasoned ones. Some great ideas might be to hold regular fireside chats, training services, or even mentoring programs that can be carried on coworking grounds. This can also be a great value-add to coworking space regulars that will get them interested in signing up long term for a specific venue.
#4. Strategic and operational planning facilities
One of the benefits of coworking spaces is that many provide separate conference rooms that can serve as great off-site locations for strategic planning meetings. While seasonal, many companies might find it useful and might even start using these venues as an alternative from more expensive off-site options like hotels, retreat centers, and conference halls.
Apart from the seasonal strategic planning sessions, which often occur once or twice a year, some larger companies might also need venues for more frequent operational meetings such as quarterly performance reviews or monthly catch-ups. Whichever it is, there is a growing trend of using coworking spaces not just for heads-down computer work but also for interactive meetings.
#5. Business networking venues
Any entrepreneur will know the importance of networking in growing a business. Over 95% of people agree that better business relationships are built through face-to-face meetings. Coworking spaces provide a common ground for people to exchange contacts and connect with like-minded people who can become partners, investors, clients, or collaborators.
In more progressive cities and countries, coworking spaces turn into the go-to venue for business people and executives who want to meet potential employers and business contacts. Coworking spaces are also turning into the perfect venue for business seminars, networking events, and other work-related affairs.
Conclusion: Coworking will still grow past the pandemic
The coworking space trends 2020 had to offer shows that the coworking space’s value did not disappear even with COVID-19 in the picture. In fact, the budding property sub-industry has increased in value even as the world slowly escapes harsh lockdowns. With the way the world operates today, it’s only safe to say that coworking trends will continue to rise and evolve for the better with time. Explore the FLYDESK coworking space network to find the closest workplace for the day.