After a year in which more employees worked remotely than ever before, businesses are rethinking their office spaces. They can’t afford to have empty office space just sitting around, so many are turning surplus office space into coworking spaces. That’s because they know the coworking industry will thrive post-pandemic.
As COVID-19 vaccinations rise, mask mandates are abolished, and workers return to their offices, many managers are looking to coworking spaces for inspiration, such as Village Workspaces, WeWork, and Industrious.
Work-from-home flexibility, networking events, and open floor plans designed to foster cooperation are common features of coworking spaces, which are popular among tech companies, freelancers, and bootstrapped entrepreneurs.
As the coworking industry thrives post-pandemic, local businesses are now hiring coworking space managers to help them create more appealing workplaces and reconnect employees to in-person workdays.
As more organizations throughout the country allow employees to work both remotely and in person, local interest in coworking spaces is booming.
Isn’t it time to think small? In 2019, the region’s unoccupied office space totaled over 10 million square feet.
Instead of downsizing completely, many businesses are subleasing part of their offices to other businesses to generate additional revenue, according to Brian Kelley, managing director of a St. Louis office firm.
Companies subleasing part of their workplaces have reached a 12-year high as the coworking industry thrives post-pandemic.