PL

Flexed for the future

Office & mixed-use development
Flex and coworking space were, even before the pandemic, being heralded as an important new addition to the office market and as representing, in some ways, the way forward for the sector. But how has the flex segment been impacted by the switch to home-working since the first lockdown was imposed? And what has it been doing to attract companies and their employees back as the new reality dawns?
The office. Remember that? That place we used to go to and work for 8 or 9 hours, in the same room with the same people every day? Joking aside, people have actually been coming back to their offices since the lockdowns ended, but less frequently and more often at times of their own choosing. This raises concerns for companies in terms of how to maintain a team spirit among their employees, how to make sure they still identify with the firm, and how to recruit, train, monitor and hold onto new personnel. The fact that traditional 9-to-5 working patterns have in many cases gone out of the window is rather problematic for the traditional segment of the office market, raising the question of how it can be made more attractive in this new age of hybrid work – and even whether this kind of space is actually still needed in such volumes anymore. But is flex and co-working space having to face the same issues as traditional office space? Bouncing right back Apparently not, as it has
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