lulafit’s Post

Amenities are important in helping employees feel a sense of belonging and balance at work, but it’s also essential to implement them effectively. Technology plays a key role in creating experiences that are convenient, secure, and inclusive, while also giving buildings opportunities to monetize their amenities. Read more about how utilizing proptech can benefit your office building in my recent Forbes Council piece. https://lnkd.in/gYajuZek

A Harvard Business Review study showed that people working in coworking spaces were more likely to thrive than those in traditional offices, citing an average level of thriving at 6 on a 7-point scale. This increased sense of thriving is linked to the diversity, flexibility, and sense of community in these spaces - key ingredients in the recipe for creativity. But don't just take our word for it. Let's look at the stories that are being painted in these creative hotspots: https://lnkd.in/eNwQ6pnU

A Harvard Business Review study showed that people working in coworking spaces were more likely to thrive than those in traditional offices, citing an average level of thriving at 6 on a 7-point scale. This increased sense of thriving is linked to the diversity, flexibility, and sense of community in these spaces - key ingredients in the recipe for creativity. But don't just take our word for it. Let's look at the stories that are being painted in these creative hotspots: https://lnkd.in/ekCZF3ei

A Harvard Business Review study showed that people working in coworking spaces were more likely to thrive than those in traditional offices, citing an average level of thriving at 6 on a 7-point scale. This increased sense of thriving is linked to the diversity, flexibility, and sense of community in these spaces - key ingredients in the recipe for creativity. But don't just take our word for it. Let's look at the stories that are being painted in these creative hotspots: https://lnkd.in/eiNVzxGg

As a #coworking operator, there are critical factors to consider when expanding into a new market for the first time, writes Jason R. Anderson, President of Office Evolution and Venture X. - Do you want to operate as a small boutique provider with spaces that attract a more creative tenant, or are you more comfortable serving larger corporate entities? - These questions matter to a successful expansion, along with the following considerations: https://bit.ly/3NXfLWr - - #flexoffices #flexibleworkspace #thoughtleadership #realestate

In the last week, I spoke to 10 asset managers about improving occupancy in badly performing office buildings with flex space. Here are 6 things they all got wrong about Flex Space & Coworking👇 1️⃣ It's Not Just Hot Desking. Adding flex space isn't about slapping down some hot desks on the ground floor. It's about rethinking the whole building—integrating flex and hospitality all the way up to the enterprise suites. 2️⃣ There is No One-Size-Fits-All. Flex space demands customization. Each building's unique blend of location, market, and competition dictates its ideal flex solution—from the space and pricing to the hospitality and marketing strategy and beyond. 3️⃣ It is Not a Quick Fix. Adopting flex space is an investment in the future, requiring not just initial fit-out but ongoing optimization, training for staff, adaptations. It's about building value over time, not instant solutions. 4️⃣ It's More Affordable Than Anticipated. Entering the flex space market can be cost-effective. On-demand solutions for everything from furniture to technology keep initial capital expenditure low, allowing operations to scale in tandem with demand. 5️⃣ It actually does Improve Consistent Cash Flow. Flex space contributes to stabilizing cash flow. By attracting a diverse range of tenants with varying lease lengths, buildings actually can ensure a more reliable and continuous revenue stream. 6️⃣ Misjudging the Environmental Impact. Many overlook that shared spaces drastically reduce carbon footprints. Less commuting, higher space utilization, and fewer empty areas. Flex space usage will become a crucial ESG factor soon. This shouldn't come across as overly negative. I'm genuinely impressed by the openness and interest the traditional real estate industry has shown towards flex space and coworking lately. I truly believe we're approaching a pivotal point where it will be impossible to imagine an office building without flex space. My guess is that asset owners will take a much more active role in this, either by starting their own flex brands or by partnering with service providers to incorporate flex options. What's your vision of the future of flex in this regard? #flexibleoffice #coworking #assetmanager #proptech

In the bustling journey of small business growth, there comes a pivotal moment – the shift from the vibrant buzz of coworking spaces to the more structured realm of traditional office environments. This transition isn't just a rite of passage; it's a strategic leap. For some, it's an essential step, a crossing of the threshold into a new era of expansion and opportunity. But what about the others? For them, it's the allure of added business benefits that tips the scales. Wondering what these are? Let's dive in and explore the compelling reasons that make this move more than just a change of address, but a smart business decision. https://hubs.ly/Q02l__Nr0 #indypyramids #youneedtobehere #collegepark #officespace #indianapolis #property #workspace #coworking #coworkingspace

Corporate real estate is changing drastically as more employees work in a hybrid environment, encouraging the use of more compact and modern spaces. This transition feeds into reimagining the city as a mixed-neighborhood design, where lifestyle and community take center stage alongside work and business. However, the adverse effects of this evolution are already revealing themselves through the growing number of empty office spaces and shortened lease commitments. Click the link below to explore the many effects of this wave of corporate downsizing deeper. HEXA coworking offers a prosperous community where collaboration and support are the bedrock, providing the resources for businesses to excel. With an emphasis on comfort and amenities, HEXA's coworking space includes a vibrant park with a put-put course and outdoor seating, meditation, and privacy rooms, as well as a gym and a cafe headed by an award-winning chef. Visit our website to join a community focused on thought leadership, creativity, and lifestyle. 🔗 Read the full blog here: https://lnkd.in/gwV9dyNp

What is wrong with #flexspace? For many, all the flexibility, inclusivity, quality and service in the world will not make the #coworking product a viable choice. It's worthwhile exploring some of the reasons. I won't rebut these here, there will be plenty of reasons why using #servicedoffices is an excellent idea. But here are six. #1 You do not own the space. Coworking is offered on the basis of a license agreement. This means you are just subletting it from the operating company who are in turn leasing or managing it on the landlord's behalf. #2 You can be moved. The operator's T&C say they can move you from one office to another. Clearly, the smaller an office you occupy the greater the risk. Typically the operator will promise to move you to a space of equal or larger size & quality as compensation. #3 They can close really quickly. Each building will be set up as a separate company and billing entity. This makes it easier for them to be closed at short notice. Whilst this happens rarely, it does happen. Operators are running a for-profit business aftewr all. You should expect some notice, but sometimes you'll only get 30 days. #4 Higher footfall = higher wear and tear. Let's tell it like it is: serviced offices pack desks in. A 250sqft space might be labelled a 5-person or 6-person office, so a typical flex space will have a higher per sqft headcount. This means more things breaking as more people use them. Lifts, coffee machines and toilets are the main culprits. #5 Sharing. The very thing that makes coworking so appealing (a melting pot of companies and people) can also make it pretty annoying. Toilet facilities on a floor supporting 200+ people. The lunch-time rush - from a noise, smell and space point of view. The phone booth walk of shame: where someone walks, laptop in hand, tying to find a free booth in time for their scheduled call. #6 Branding. Because of #1, you are not going to have a sign at the main building reception with your company. Within the room you pay for, you can do what you like. But anything brand-related externally will be restricted. External signage is definitely a no-go so if you rely on passing trade, this might be a big hurdle. Asking questions of your broker or the operator will give you useful information. There's nothing wrong with being more direct. - How many buildings have you closed in the last two years? - How big is this floor and how many desks does it hold - How many weeks out of the last year have lifts / toilets been broken? - What is the cleaning / maintenance schedule? - Do you own it? Do you lease it? Do you manage it on behalf of the landlord? - How long remains on the existing lease term? - Can I speak with existing occupiers about their experience? A large part of choosing the best operator lies beyond the aesthetic and service-led. You should take an active interest to eliminate potential surprises. #fuellingchange #digdeeper #askquestions

A new report shows that the U.S. #coworking market registered a 20% increase in spaces from December 2022 to May 2024. - From Regus and Industrious to Office Evolution and Premier Workspaces, which operators experienced notable growth and changes? Check out the findings: https://bit.ly/3XDWmAw - - #coworkingspaces #report #flexibleoffice #operators