The Future of Co-Working Space
CO-WORKING SPACE: How say you?
A great concept that has given a professional work environment for many small business’s and has allowed larger companies to expand without taking big expensive traditional office space. I personally think it has been invaluable to so many, including office landlords, small business, one man operations and others. They have helped cities across our nation fill un-occupied office space – the are a true disrupter. WeWork, the king of co-working has defaulted on some April rents to landlords. However, they gone on to say they have big plans to expand this summer and ” WeWork has the liquidity to navigate the challenges COVID-19 presents.” says the company.
Pay your rent or work out a plan I say. Now, once we “get passed” COVID-19 will co-working survive? will it be modified/reduced? The concept and business plan works. Large traditional class “A” office will I believe will a take a big beating going forward. We now realize we can telecommute and survive. Maybe we won’t do it 5 days a week but I believe we will see a change and some companies have already started thinking this way. I tend to believe “less is more” in most cases. So can we work with less office space? less drive time? I sure hope so.
In every challenge, every problem, every change we encounter look for a silver lining, a positive outcome. No question we have a long road ahead of us and a lot of hardships to face but let’s start thinking how we will change our lives for the better and how we all can do our small part to make this a better place for all.