5 significant factors that will drive post-pandemic businesses:
- Real estate costs
- Home working, the new reality
- Collaboration tools, the options and pitfalls
- Supply chain disruption
- Post-pandemic leadership.
Previously, the business market moved relatively slowly to disrupt the status quo in terms of space requirements. It failed to challenge actual utilisation and alternatives to fixed cost space, such as home working, co-working spaces and flexible desking.
Business is now rethinking space assumptions with 5 key stakeholders driving the future corporate office footprint; finance, corporate real estate, facilities, HR and technology. I believe the functional silos of the past will collapse – and fresh thinking will drive a smaller and more relevant real estate footprint.
Landlords will be forced to offer shorter lease commitments, rent reductions, greater flexibility in premise use – and the growth of flex space, which has driven the growth of co-working space in the last 10 years.
So what is flex space – and why do we need it?
Flex space ranges from a more dynamic change of space use to more creative possibilities, allowing you to convert your fixed office space into facilities that better serve the business and the local community.
Why should an office premises not serve as a food and beverage outlet, a community wellness centre or even training space for companies in the local area?