Warehouse-style coworking enables entrepreneurs to consolidate operations and avoid the costs of maintaining multiple facilities.
Author Frankie Wallace
Current predictions show that only $206 billion will be spent on business travel in 2022 — a decrease of $64 billion.
Demand for flex spaces is likely being driven by progressive employers who want to keep overhead low while promoting employee wellbeing.
A wave of consolidation has begun, with industry leaders such as WeWork, IWG, and Industrious buying up smaller competitors.
Flex spaces continue to present highly attractive and affordable alternatives to owned office spaces, The Instant Group reports.
In order to meet the needs of teams in a post-pandemic environment, virtual and hybrid models of work will mingle with coworking solutions.