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Co-working in the age of social distancing
Investors - MARCH 20, 2020

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Co-working in the age of social distancing

by Loretta Clodfelter

Flexible office space and short-term office rentals have been a great way for occupiers to manage their office usage, and for landlords to attract such tenants. But the question hanging over the sector has always been: How will it hold up in a crisis?

Well, the co-working sector is going to be put to the test in the current pandemic. With the outbreak of the novel coronavirus disease COVID-19, companies around the world are instituting work-from-home processes (whether voluntarily or through government mandate). For firms with a 10-year lease on their office space, an interruption of weeks or months is unlikely to cause any rethinking of their space usage. But the tenants of flexible office space may have a different calculation to make: Why keep paying a month-to-month lease? Especially as we are facing a period of economic upheaval and uncertainty.

It is in this climate

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