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CO-WORKING SPACES REVOLUTION | INNOVATION & TRENDS 2019

Published on April 20, 2019 by Hassan_Rajput

The need for coworking spaces is growing rapidly around the world. GCUC predict that:

• The number of coworking spaces in the world will increase from 14,411 in 2017 to just over 30,000 in 2022;
• The number of coworking members will increase from 1.74 million in 2017 to 5.1 million in 2022, with an average annual growth rate of 24.2%.
The coworking revolution, the trends and innovations to be noted in 2019 are at the origin of many factors.

Benefits for businesses

A study carried out by the informal working group in early 2018 showed that renting coworking spaces can be beneficial for companies. From 18,000 people interviewed,
• 91% said a flexible workspace allows employees in their company to be more productive on the go
• 89% think flexible work helps their business grow
• 87% think flexible work helps their business stay competitive
• 83% think flexible work helps their business maximize profits
• 80% said coworking spaces helped them recruit and retain top talent
• 82% said flexible work helps them create a presence in new markets
• 76% said businesses in their sector opted for more commercial pay-as-you-go services
• 88% reported that remote workplaces reduce employee travel time
• 81% reported that remote workplaces help employees achieve a better work-life balance.

Coworking spaces are more affordable than traditional workspaces such as offices and headquarters. Costs associated with long-term leases, furniture, WiFi, electricity, water, audio-visual equipment, printers, office supplies and other utilities are significantly reduced. In addition, coworking spaces allow companies to recruit talent in different locations without having to deal with the establishment of offices. This facilitates business growth and profits.

Benefits for employees

Employees thrive in coworking spaces. Studies have shown that people working in coworking spaces are more useful because they have the control and flexibility they need in their work environment. As a result, they are happier, more motivated and see their work more meaningful.
A 2015 survey by Small Business Labs and GCUC found that coworking spaces are human spaces, eliminating loneliness and creating happier, healthier, more productive and more connected communities of professionals. Here are some results of the survey:
• 84% of people living in coworking spaces feel more engaged and motivated
• 82% said coworking had expanded their professional networks
• 80% reported speaking to other co-coworkers for help or advice
• 69% reported having acquired new or improved skills
• 87% say they meet other members for social reasons
• 89% said they were happier
• 83% reported being less lonely
• 78% said coworking helped them stay sane

Trends in coworking spaces 2019

Expansion: Deskmag’s 2018 Global Coworking Survey, supported by Nexudus, Essensys & WUN Systems, revealed that expansion was one of the industry’s key trends for the year. There is a significant need for more and / or larger coworking spaces: on average, each coworking space plans to increase its space by 70%. Among the space coworking firms studied,
• 27% plan to expand by adding more space and more offices at the same location
• 8% plan to move to a larger place
• 37% plan to open additional locations
• 33% have no plans for expansion
• With expansion, coworking spaces anticipate:
• 86% more members
• 81% more income
• 81% more community sense
• 71% more events

Niche spaces: 2019 will see the growth of flexible, industry-specific workspaces. According to GCUC, the number of spaces that interest members with specific needs – such as shared biolabs, writers’ spaces, women’s spaces, commercial kitchens, and so on. – will continue to grow.

Enterprise coworking is going to grow: Enterprise coworking is a growing global trend. According to GCUC, “this trend will accelerate over the next five years thanks to companies looking to reduce their exposure to long-term leases and employees who insist on having more options in the workplace.”

Better technology: Coworking spaces will integrate smart technologies to meet the demands of the modern workforce. Technology in coworking spaces will go beyond high-performance computers and traditional office utilities such as printers, copiers, fax machines, and so on.

Applications: Many coworking space providers around the world have partnered with Raaly, and an application that allows any business to provide access to coworking spaces around the world. Raaly users can search and find coworking spaces at a reduced price.

Block Chain: In March 2918, WeWork’s competitor, Knotel, launched KnotelKoin, a platform based on blockchain technology, which allows users to earn digital tokens, the value of which can increase with time and that can be used to pay for transactions on the platform.

Chatbots and voice assistants slowly find their way to the workplace. A study by Spiceworks showed that by 2019, at least 40% of companies will set up one or more intelligent assistants or IA chatbots on company-owned devices, compared to 25% of medium-sized and medium-sized businesses. 27% of small businesses.

The real estate sector is joining the revolution: according to GCUC’s global forecast of 2019 coworking, large real estate agencies and other homeowners are also beginning to offer coworking spaces to tenants.

Workplace Wellness: Coworking space providers will enrich their offer with all kinds of amenities designed to attract more members but also to promote a healthy work environment: yoga and fitness classes, walls climbing, relaxation areas.

Also Visit: 10 TIPS TO GET THE MOST OUT OF YOUR CO-WORKING SPACE

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Category: Coworking