Co-working spaces have emerged as a key growth driver within the business world, with some major corporations seeking to encompass 30% of their total staff in co-working environments, as millennials make up an increasing portion of the office workforce.
Retail and hospitality have already been affected by new business models that adapt to consumers’ demands and interests like never before. It was only a matter of time before the office environment experienced its own catalyst for change, one that addresses businesses’ need for greater flexibility while firmly placing the emphasis on the human experience of the workplace, and which has significant implications for investors.
We anticipate that the type of space offered will change from typical serviced offices to more open-concept “co-working” options as the market for flexible space expands and matures. In more developed markets, several operators are effectively providing “hybrid models”—a combination of private offices and open spaces—to serve to larger organizations as well as freelancers, start-ups, and SMEs. We predict that the market in Dubai will see the fastest growth in this particular model.
The idea of flexible offices is undeniably here to stay, and over the next five years, Dubai is expected to see a significant increase in this market. Those who can successfully combine an appealing company strategy with an optimal physical setting will succeed in this opportunity.
Many businesses prefer co-working spaces to conventional offices for various reasons that vary from cost-effectiveness to their unique environment and the networking opportunities they present.
With co-working spaces, businesses can put their worries aside and focus on what they do best. Similar to how delegating marketing services relieves administrative burdens, operating out of a co-working spaces relieves you of unnecessary burden.
Summary
With the demand for co-working office spaces on the rise, Zone4 caters to the needs of business owners and employees looking for their own space to be able to run their operations smoothly. If you are looking for co-working office spaces, contact our team today.
