Global demand for flexible workspaces set to accelerate
Over two-thirds of global companies plan to increase their use of flexible co-working and collaborative space over the next three years, according to Knight Frank. The finding comes after the consultancy surveyed 120 global businesses that collectively employ more than 3.5 million people and occupy some 233 million square feet (21.6 million square metres) of office space.
Global corporates favour operating increasingly from co-working, flexible, and serviced spaces in order to create a more collaborative working environment and offer the freedom to expand and contract quickly according to market conditions. 75 percent of respondents said that they were also aiming to boost employee happiness and productivity through the utilisation of flexible business spaces.