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The survey also showed that one-third of companies utilising flexible space witnessed occupancy cost savings of over 5%.
Almost two-thirds of companies today use coworking to some degree, with many expecting to double their commitment to coworking in the next five years, revealed a Cushman & Wakefield survey.
Polling over 550 key commercial real estate executives across the world, the survey was made in partnership with CoreNet Global.
“The results show that corporate leaders have a generally positive view of coworking and see flexible space as a growing part of their occupancy strategy,” said David C. Smith, Americas head of occupier research at Cushman & Wakefield.
“The percentage of employees with access to flex space is on the rise, and companies increasingly see this as part of a broader solution.”
The survey also showed that one-third of companies utilising flexible space witnessed occupancy cost savings of over 5%.
“While this may surprise some, even 20 years ago, the client mix of national and global flexible workplace providers was 51% multi-national corporations,” shared Melanie Gladwell, vice president, Americas head of flexible working solutions at Cushman & Wakefield.
“Increasingly, corporate executives recognize that integrating flexible space into their strategy can provide additional value while reducing occupancy costs by enabling them to adapt to major events such as merger activity – 63% of companies have stated they are using coworking as part of their office strategy.”
But despite the positive view on coworking, commercial real estate executives remain realistic of the challenges for the workforce.
Around half or 48% of the respondents foresee an increased difficulty in maintaining company cohesion and culture when workers are operating in a shared, coworking location.
Moreover, a similar number of respondents pointed to digital security as a potential concern.
Victor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email victorkang@propertyguru.com.sg
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