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
| Dec 20, 2012
Air duct trade group urges maintenance, restoration professionals to avoid chemical cleaners
The National Air Duct Cleaners Association (NADCA) urges professionals to avoid using chemicals as a method for cleaning and maintaining air duct systems.
| Dec 20, 2012
Valencia College shifts from LEED to Green Globes on new project for more flexibility
The Lake Nona campus of Valencia College in Florida shifted its sustainability standard to Green Globes largely to be able to use a bipolar-ionization system to treat its indoor air -- something LEED didn't allow.
| Dec 20, 2012
LEED-certified schools don’t have to cost more to build, save average of 33% on energy
On average, green schools use 33% less energy and 32% less water than their conventional counterparts, and save $100,000 per year on direct operating costs, according to the U.S. Green Building Council.
| Dec 13, 2012
New OSHA initiatives on tap at AGC safety and health conference
More than 150 industry professionals will discuss the development of regulatory and legislative activity on national and local levels at the Associated General Contractors of America’s health and safety conference.
| Dec 13, 2012
So-called fiscal cliff is already affecting construction jobs, AGC finds
In November, the construction industry shed 20,000 jobs and its unemployment rate reached 12.2%, according to an analysis by the Associated General Contractors of America.
| Dec 13, 2012
New York City poised to enact recycling mandate for multi-family dwellings
New York City lags behind other large cities in recycling with only 15% of residential trash being recycled. A new bill passed by the City Council aims to improve the rate by changing how new apartment buildings are constructed.
| Dec 13, 2012
Pima County, Ariz. officials say improved code enforcement scores will help lower insurance bills
Insurance Service Office, Inc. (ISO) recently analyzed building codes and enforcement and found that Pima County, Ariz., consistently outscored comparable jurisdictions in Arizona and the nation.
| Dec 13, 2012
D.C. aims to be a green leader with new building codes
The District of Columbia has released a revised set of building codes to make it a leader in green construction.
