As we move into January 2023, it’s time to start thinking about what the future of coworking spaces will look like. I asked some industry experts for their predictions on the top coworking space trends for 2023 so that we can all be prepared for what’s to come. Here are their predictions:
Some of these trends started in 2022, and some are brand new, but all of them are sure to have an impact on the way we work in the coming year.
If you own or are considering starting a business, you won’t want to miss this!
The current trend is for people to attach more importance to the quality of their working environment than ever before. This includes criteria such as flexibility, location, space design, technology, services/amenities, and health/wellness.
The concept of a coffee coworking space has become widely adapted by the restaurateurs and freelancers, solopreneurs, telecommuting employees and consultants. Restaurants, for one, are tremendously benefiting from this niche as it helps boost foot traffic by turning their empty dining rooms into workspaces. They offer a quiet place for people to work with minimal distractions and disruptions.
People are craving adventure and remote work in comfortable conditions, which makes coworking spaces that provide all the required amenities in one building really attractive. Siolim & Ministry of new are two examples of Creative Coworking space that are providing this type of Facility.
Micro coworking spaces can provide a physical space for remote professionals to connect with other like-minded individuals, who are also working independently for a variety of employers. This concept of coworking allows for greater flexibility and creativity, as well as the opportunity to collaborate with other professionals in the space. If an industry giant downsizes or shutters completely, it is less likely to affect all the workers in a single coworking space, creating economic resilience in that community.
The real innovation with Micro Coworking Space is that it’s a dual-sided marketplace. Hosts and partners that have underutilized space have the option to offer the space to our community on-demand and with no commitment. Micro Coworking space users don’t have to register, they don’t have to purchase memberships or plans, they don’t have to sign any contracts, and there are no recurring fees.
As business physical office occupancy remains significantly lower than it was pre-pandemic, many corporate companies are choosing to switch to coworking and flex space rather than prolonging their expensive office leases. It’s predicted that this trend will continue through 2023.
Corporate parks are converting a large floor plate into boutique office space with common areas to attract enterprises who are looking to optimize their office space costs with flexible terms like Summit Space , Exotica Workspace.
A lot of coworking spaces, such as Workjar and Cubispace, are in standalone buildings or office blocks, and are usually purpose-built or converted from regular offices. If you prefer more unique or edgy settings, you might find these cooler coworking spaces more appealing than traditional ones.
With more and more office space becoming vacant, we’re seeing a rise in coworking and flex seats to accommodate the increased demand. This could result in a decrease in office property prices due to the abundance of available space. Additionally, the increase in coworking and flex space will make it easier for hybrid workers to find a place to work outside of their homes. Lastly, start-ups will be able to reduce their costs by taking advantage of this situation, giving them a competitive edge over older, established businesses.
There are three interacting forces at play when it comes to the new Hybrid workforce:
- The need for more flexible work arrangements
- The under-utilization of office space
- The availability of coworking and flex seats
With occupancy rates for offices slowly recovering since April 2020 but still remaining far below pre-pandemic metrics, landlords are being forced to intervene in the coworking market sector. Companies are planning to shrink their office locations due to economic slowdown and low worker attendance, resulting in less demand for traditional office space.
Therefore, we predict that more landlords will enter the coworking market in 2023 in order to keep up with demand.
If you want more information to start your own coworking space and control your business 100% by minimizing risks, contact us. We offer integral service for developing your coworking project from conceptualization to business implementation until the 3rd or 5th year. We operate the space for you until you learn to manage it, and we share with you all the know-how so that you continue to be a successful operator.