Large corporates with massive real estate portfolios were forced to reassess their work models due to the evolving conditions in 2020. There is an ongoing debate on the efficacy of work models that will pave the way for the future of workspaces – Conventional, Remote or Hybrid, as we already begin to see workforce flocking back to offices with the second wave showing signs of waning.
As we navigate our way through the second wave of the pandemic, the CRE landscape continues to shift for all stakeholders in this ecosystem. While Q2 of 2020 witnessed green shoots of recovery for CRE, Corporate occupiers remain uncertain about long-term workspace plans in 2021 and 2022 and are re-evaluating their office space needs. What does this mean for CRE in the near to long-term and how are developers staying resilient in 2021?
Since April last year, companies globally have been able to sustain operations and maintain growth due to adaptable & agile workforce. The workforce has quickly shifted gears as necessitated by the evolving situations and demonstrated flexibility and resiliency throughout the multiple phases of WFH, back to office and hybrid models in the past 1 year. This distributed, fluid workforce has altered the purpose of office from being a place where work gets done to an employee-centric place where teams collaborate to drive transformations.
The modern workplace has evolved dramatically, giving firms numerous alternatives for how and where they can function. From the rise of coworking spaces to the longstanding popularity of traditional offices, the decision between the two is mainly dependent on a company’s individual needs and goals.
In the fast-paced world of startups, agility and resourcefulness are everything. As entrepreneurs navigate challenges like tight budgets, team coordination, and building credibility, innovative solutions become crucial.
The startup journey is exciting, challenging, and full of decisions that shape the future of your business. One of the most crucial choices you’ll make is where your team will work. Gone are the days when startups were confined to stuffy home offices or expensive long-term leases. Today, coworking spaces for startups are becoming the go-to solution for entrepreneurs looking for a flexible, vibrant, and growth-oriented environment.
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