A majority of corporate real estate professionals polled at CoreNet Global Summits in North America, Europe, and Asia in 2018 and 2019 believe that coworking is a trend that will continue to grow and impact their markets.
Some 63% of respondents currently have coworking property within their portfolios, according to a report published by Cushman & Wakefield. What’s more, nearly two-thirds of the companies surveyed have a positive or very positive view of coworking.
The median company surveyed has 3% of its employee base using coworking regularly. This percentage is expected to grow fivefold within the next five years, the survey found.
Across all global regions, the top two benefits to coworking are flexibility (e.g., the ability to quickly ramp office space up and down) and reduced real estate costs. Digital security is the most commonly cited potential downside, with decreased company culture and cohesion and personal privacy named second and third by most respondents.
Related Stories
| Sep 26, 2013
EPA’s final rule on updated ASTM standard likely to be withdrawn
The Environmental Protection Agency is expected to withdraw a direct final ruleissued in Augustregarding an ASTM standard for Phase I Environmental Site.
| Sep 26, 2013
A primer on RoofPoint green-rating system for commercial roofs
The RoofPoint green-rating system can be used to construct more energy-efficient and sustainable commercial roofs.
| Sep 26, 2013
ConsensusDocs releases updated federal subcontract to help construction firms perform federal work
The newly revised ConsensusDocs standard subcontract (ConsensusDocs 752 for federal work) will make it easier for general contractors and subcontractors to perform federal work.
| Sep 18, 2013
Proposed Boston casino development approval will depend partly on sustainability
The movement toward green building has been slow to catch on in the casino industry, but that could change with Suffolk Downs, which plans to build a $1 billion casino in Boston.
| Sep 18, 2013
Regulations could ease firefighters’ fear of roof solar panels
The local fire chief says solar panels are partly to blame after a 300,000 sf refrigerated warehouse in Delanco, N.J., burned down.
| Sep 18, 2013
New AISC design guide on structural stainless steel now available
For the first time in the U.S., design professionals now have an authoritative resource on structural stainless steel with AISC Steel Design Guide No. 27, Structural Stainless Steel.
| Sep 18, 2013
DBIA’s ‘Design-Build Done Right’ best practices project seeks industry input
The Design-Build Institute of America (DBIA) is seeking industry input on its project to create a design-build best practices document.
| Sep 11, 2013
USGBC Florida Chapter survey to help contractors adopt sustainable practices
Contractors in Florida could benefit from a data collection project by the state's chapter of the U.S. Green Building Council.
| Sep 11, 2013
Disability, vet hiring standards for contractors are goals, not quotas
Contractors that fall short of new federal hiring rules concerning veterans and disabled persons will not necessarily incur penalties, says Patricia Shiu, director of the Office of Federal Contract Compliance Programs.
| Sep 11, 2013
Sports stadium accidents suggest code updates may be necessary to prevent falls
Since 2000, at least three individuals have died as a result of falling from the upper decks of stadiums in the United States. In addition, eight non-fatal falls have occurred in stadiums and arenas over that time.
