A style of work that involves a shared working environment, yet independent activity. Unlike the typical office environment, a co-working space is generally shared by individuals from different organizations and professions.
Impact of technology
The future working space: has a much lower reliance on IT infrastructure due to cloud computing, wifi and the widespread use of laptops and smartphones.
Productivity, creativity and lifestyle
71% of individuals working in co-working environments reported an increase in creativity and 62% of respondents say that co-working had led to an improved standard of work.
Benefits for landlords
According to Deloitte, the future office is to be far more basic than in the past with fewer requirements for large IT infrastructures and cooling systems.
Potential pitfalls of co-working
31% of respondents had heard colleagues make derogatory comments about those working flexibly and 27% think flexible working is inappropriate for managers.
Take a look at our infographic guide explaining the impact co-working can have on a business.
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Date: August 20, 2021