The rise of remote and hybrid work has made it harder to justify a full office, so more are leaning on co-working spaces that they share with many others for convenience and cost savings. The choice, however, comes at the expense of privacy and control.
It may sound surprising that it is hard to find an office given headlines about sharply higher vacancies, but much of the empty space is concentrated in lower-end buildings past their prime, while top-rated offerings still command a premium. It wasn’t just cost savings that motivated them, they said, with the potential for a bigger community also a draw.
The option is still quite uncommon, in part because it does require a fair bit of co-ordination and compromise. They also had to agree on how to brand the space, which they decided simply not to do. They’ve kept it fairly neutral, and instead added some flair with murals and fun designs like a felt floral arrangement on the ceiling of the boardroom that doubles as a sound dampener.
Source: News Formal (newsformal.com)
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