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Insights

Insights

| less than a minute read

The future of buildings and the co-working industry

Two of my favourite topics, smart working (remote/hybrid) and Smart Buildings. Despite high profile RTO mandates from the likes of Tesla, JP Morgan and Amazon, it's clear that flexible working, in terms or hours and locations, is here to stay. 

This article shares 'The coworking space market will grow from $19.05 billion last year (2023) to $22.44 billion in 2024 – an annual growth rate of 17.8%. Further, it’s estimated that the flexible office space sector will rise significantly from its current size of c 53.4 million square feet (Sept 2023) to 81 million square feet by 2025 – a phenomenal increase of 52 percent.

By the end of 2024, it’s anticipated there will be 41,975 global coworking spaces. That’s an annual growth rate of just over 21%.'

This is also a huge opportunity to create far more sustainable buildings and working practices. In both buildings and work flexibility is the key.  

How can we make our existing buildings more flexible and efficient, and how can we do the same for our working practices?  Happy to hear your thoughts.

“What we are seeing today is that many real estate players are actually looking for new ways of proposing their spaces to their customers. And today customers are looking for super flexible solutions because basically nobody knows what is going to happen tomorrow. So you really need to have a- plug-and-play space where you go and just use the space to do your job and your work. These require operators to be organised to manage the spaces correctly and technology plays a very big role in this direction. Access control today needs to be integrated with a lot of property management systems or ERP management software in general.”

Tags

careers, culture, high performance, leadership, smartcities, smart buildings