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
Codes and Standards | Sep 21, 2020
No ease of lumber price spikes in sight
Wildfires strike Northwest timber industry in wake of Covid-19 shutdowns.
Codes and Standards | Sep 17, 2020
Spate of energy code appeals could hamper efficiency progress
Construction and fossil fuel interests oppose portions of latest model energy code.
Codes and Standards | Sep 16, 2020
Heat pumps are the future for hot water
Sustainability policies will drive trend.
Codes and Standards | Sep 15, 2020
Taller timber buildings approved in National Fire Protection Association code
Ensures compatibility with the International Building Code.
Codes and Standards | Sep 14, 2020
Relocation of neighborhoods, the next step in U.S. flood strategy, is underway
Repeated rebuilding after successive floods now seen as bad policy.
Codes and Standards | Sep 10, 2020
Fannie Mae programs provide incentives for multifamily solar
Affordable housing projects can find PV installations to be cost-effective.
Codes and Standards | Sep 9, 2020
Corporate pledges accelerate net-zero building movement
World Green Building Council drives goal of net-zero carbon emissions by 2050.
Codes and Standards | Sep 8, 2020
Study will examine elevator airflow amid COVID-19 pandemic
Researchers to investigate risk of airborne transmission.
Codes and Standards | Sep 4, 2020
Updated selection, application guide for plastic glazed skylights, sloped glazing released
Part of suite of skylight documents by Fenestration and Glazing Industry Alliance.
Codes and Standards | Sep 3, 2020
Turner Construction takes strong stand against racism
Shuts down work sites for anti-bias training.
