Directly or indirectly, the Covid-19 pandemic has changed our life forever, and it seems we are now prompt to rethink the way we do things. Instead of looking at this as a sanction, we might consider it an opportunity to build a more sustainable future.

In future, the coworking concept would be seen as support functions to the small businesses and startups after the recent events. It would be a source of work abode not just for freelancers, solopreneurs, and independent professionals, but also by larger organisations. More and more corporations would be partnering with the ‘service-based real estate’ in tier 2 and tier 3 cities for their satellite setup to facilitate virtual setup.

Here are the following reasons why post-pandemic era makes shared office space attract more subscribers than ever –

• Flexible leases

• Telework Practices would be more mainstream

• Community oriented work-practices

Flexible leases

Once the lockdown period ends, more and more companies would lay emphasis on cost optimization. Coworking spaces offer flexible leases that will allow companies to perform easy exit if they are forced to send employees home once more.

Companies would be focusing on eliminating long-term leases as there is undeniable market demand for flexibility and enhanced tenant experience, which we expect to continue beyond the harsh economic impact of Covid-19.

Telework Practices would be more mainstream

Many people are now just getting accustomed with remote work for the first time and figuring out ways to make it more efficient and sustainable in the near future.

But working remotely would not flourish from the comfort and coziness of any sweet home. Work from home also has repercussions on work productivity due to a myriad of distractions, or not enough usable workspace, or reliable internet access. That prompts people to work away from home but not that far.

Shared office spaces, nearer to a home location, may actually be the ideal solution for many in the near future. The shared spaces of tomorrow will not only provide the adequate infrastructure to work but also give people a source to network which the pandemic has robbed from so many of us.

Community oriented work-practices

Entrepreneurs, freelancers, and independent professionals will need social networks and local connections more than ever to get their business back on track.

Hence, community strength will be essential in helping people connect beyond conventional resources in order to support each other, and build new clientele across all spectrums.