What is flexible workspace? Facility Managers. These corporations include. But what is workplace flexibility? , “flexible spaces allow for a stronger social element to the working day.” We’ve been so used to working from an office that it took a lockdown for us to realize, that employees need something more than a formal office for them to be innovative and to think outside of the box. These corporations include Microsoft, Facebook, Google, Twitter, and more. While getting out of a lease for the whole building is taunting, ending a lease for smaller offices is much easier. Whether an individual works best lounging on a sofa or settled in an office with other colleagues, a flexible workspace can accommodate them all. Flexible Workspace Platform ... New Wave Workspace delivers value across the entire organisation. would like to keep working from home in some capacity or another. A workspace is a term used for the place in which you work, such as your desk in an office. In this post we breakdown why they matter and how to create them. If COVID-19 has taught us anything, it’s that most people enjoy not being in a typical office environment. As mentioned above, fostering employee innovation is another key factor that enhances productivity. Therefore, flexible workspaces give employees the freedom to adapt their environment to whatever fosters their innovation. Flexible workspace software these days is usually excellent quality, and a fast internet connection is now seen as an essential utility across all workspaces. Workplace flexibility is where an employer and an employee can agree upon changes to how, when and where an employee can perform their duties to meet the business demands. While safety is of prime importance, companies are also looking for a workspace that is accessible and flexible. We share our unique insights into international office space markets, regulations and trends, while keeping a keen eye on developments in flexible office space. IWG and WeWork remain the dominant parties, jointly controlling one-in-four flexible workspace locations and a third of all space on offer across the markets surveyed. A flexible workspace can mean a lot of things and is generally a blanket term for an office space that comes with creative desk options. Flexible workspace is the term for an office space that comes with several creative desk layouts. Building occupancy. , Facebook, Google, Twitter, and more. flexible workspace? A flexible workspace can also be referred to as a shared office space or flexispace. Ways to Improve Your Flexible Workspace. First things first, a flexible workspace is simply an alternative to traditional offices. For example, working at a desk in the office, or in a huddle space, office pod, or from the safety of your home office – employees are in charge of what is their workplace for the day. Thus, there should be no ambiguity on where someone is located and who has been in contact with them. Benefits of a Flexible Workspace. We begin each project by seeking to understand what you want to achieve in the flexible workspace market. Employee well-being. programmed to work; not the way the company wants them to work. Just come in, get comfortable and concentrate on running your business. Next to those desks, employees can also book huddle spaces and office pods where they can work and brainstorm in a safe environment. ‘Flexible workspace,’ in the context of renting an office, means that space isn’t a rigid and set-in-stone choice layout. With the ability to pop-in, plop-down, plug-in and get down to business, flexible workspaces are rising in popularity. For example, a financial firm may receive confidential phone calls or deal with sensitive content, requiring the majority of employees to have secure cloud access and even private calls. Flexible workspaces usually have all the features of a regular office and will be serviced by the operator, … Flexible workspace is also known as shared office space or flexispace. For example, working at a desk in the office, or in a huddle space, office pod, or from the safety of your home office – employees are in charge of what is their workplace for the day. Flexible short or long-term contracts: 3. In 2020, teams have been forced to … So, what are the benefits of a flexible workspace? However, the key difference, and the reason they are called flexible workspaces is because they offer flexible, short-term leases on a rolling month to month basis. As we touched on at the beginning of this article, flexible workspace is an office concept that makes it easy for teams large and small to do two things: Work together on different tasks in the same general area Modify the space to allow these activities to take place At the core, these are both places for individuals and businesses to conduct work. According to Forbes, “flexible spaces allow for a stronger social element to the working day.” We’ve been so used to working from an office that it took a lockdown for us to realize, that employees need something more than a formal office for them to be innovative and to think outside of the box. It creates a connected culture: employees tend to stay connected with one another and find it easier to collaborate when they have a flexible work area. Employees oftentimes feel they need to prove that work from home can be effective, and justify the flexible arrangement. But do you know what a flexible office space is? Flexible Workspace Platform • Return To Office Safely • Intelligent Desk & Room Booking • Social Distancing • Integration DNA • The New Normal. So, what are the benefits of a flexible workspace? A flexible workspace, on the other hand, allows you to work side-by-side with professionals from a wide variety of businesses. Booking tools such as Joan Desk Booking solution, bring clarity to somewhat relaxed workplace rules. As we all know, the workplace is changing rapidly and flexible workspace environments are now becoming one of the pre-requisites for the younger workforce to consider joining a particular organization. An office may include several flexible work areas or the entire workplace may benefit from a flexispace design. Desk cleaning Contact tracing Social distancing. This is where WeWork stands out from the rest as it is not just a well-designed, open space, but also offers a flexible workspace solution specifically for you. Despite the informality of a flexible workspace, the implementation itself needs to be well-organized. This is where flexible workspaces come in. The flexible workspace market by each region is later sub-segmented by respective countries and segments. Over the last 10 years workspace environments and people’s approaches to work have changed. Get in Touch One way is to forge a powerful relationship with new technology in the office, using the newest and most efficient systems to make everyone’s job easier. Our survey of flexible workspace operations concluded that as at 1st July 2020 there were 1,300 operators managing a total of 6.0 million sqm across 3,300 sites. The type of flexible workspace a company needs depends on the type of business the company runs. The recent Morgan & McKinley Flexible Work Practices Survey found that 97% of professionals felt that work flexibility has a positive impact on productivity and that 3 out of 4 workers surveyed had access to flexible workplace policies. Enrico Sanna, co-founder of flexible workspace FORA, thinks this is because the average office isn’t working for employees. So what makes flexible workspaces so great? In essence, flexible workspaces are designed to conform to the needs of the user. By leasing smaller offices, companies can further harvest the opportunities of switching them more often. A flexible workspace is a fully equipped office that provides businesses with a space to work in without the need for their own equipment or expenditure on set-up costs. Small teams who might previously have utilised hot desking in a coworking space, might now look to rent a small office space to occupy. Flexible workspace: the term the industry uses to refer to any type of space outside of the conventional lease market. Over the last 10 years workspace environments and people’s approaches to work have changed. Of the people who have been working from home due to the pandemic. The core areas (those areas that are essential to your business) are contracted on traditional fixed leases or other medium- to long-term agreements, but the … For AllOfficeCenters, “the term ‘Flex Office’ encompasses coworking, business centers, serviced offices, and space-as-a-service. Therefore, flexible workspaces give employees the freedom to adapt their environment to whatever fosters their innovation. According to JLL’s report titled: A 360⁰ view of India’s flexible workspaces, in the first nine months of 2020, the Indian flex space market witnessed a net absorption of more than 17 million sq ft. With flexible workspace in place, businesses can move to smaller offices that are more optimized for keeping social distance and staying withing the health code. Flexible workspaces are popping up everywhere, and there is a good reason they are on the minds of savvy entrepreneurs and businesspeople. Flexible workspace is the umbrella term for offices that operate on flexible terms and have a wide range of services and perks included. The growth of flexible workspace is set to spread to new markets in 2019. A Flexible Workspace is a completely working, serviced office requiring limited set-up time and no set-up costs. Flexible workspaces have a range of benefits, including increases in employee comfort, well-being, and productivity, which ultimately result in better business. Flexible office space is available for anything between one day and five years, is ready for occupation quickly, if not immediately, and involves minimal capital expenditure or upfront costs. Similarly, employers who cultivate a flexible work environment are attractive to employees. In 2020, teams have been forced to work from home due to the outbreak of COVID-19. Typically, flexible workspaces have desks that are available on an as-needed basis. Ideally, employees can reserve and book these desks before even reaching them. It creates a connected culture: employees tend to stay connected with one another and find it easier to collaborate when they have a flexible work area. 2020 to 2027 Flexibility can mean different things to different people. What is a flexible workspace and what are its benefits? Fully furnished and pre-cabled: 2. A flexible workspace is a workplace designed to make the workflow in an office faster and more productive, without sacrificing the well-being of the employees. Flexible Workspace and Serviced Offices Help Mitigate Risk Running an office space is a very expensive affair. Flexible Workspace Market Size And Forecast. Additionally, some of the best ideas come from teams rather than individuals. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region. Today, however, flexible workspace is a major industry and one that provides businesses, both large and small, with innovative solutions to their workspace requirements. Whether an individual works best lounging on a sofa or settled in an office with other colleagues, a flexible workspace can accommodate them all. Download: Flexible Workspace Guide. Dedicated phone number answered in your company’s name: 2. This type of office space is fitted with basic equipment, like phone lines, desks, and chairs, a setup that allows employees who normally work from home or telecommute to have a physical office for a few hours every week or every month. Whatever the space, we can connect you. 1). Flexible Workspace is a provider of fully serviced offices and virtual offices in prime locations in Johannesburg, Midrand, and Durban. Additionally, some of the best ideas come from teams rather than individuals. Usually, business-related services, such as faxing and printing, are offered onsite. Leases are flexible, so your business doesn’t have to … Flexible workspace operators will need to work on their technology infrastructure and they are expected to work more closely with landlords and investors in the future. Having employees who are willing to step outside their job description means … And without fixed desks and limited employees, businesses are paying leases for spaces that aren’t filled to their potential. In essence, flexible workspaces are designed to conform to the needs of the user. Log in. Flexible workspace is essentially office space which enables you to move in and start running your business from day one, typically this is a serviced office solution catering for … A 2019 study by the Centre of Economics and Business Research (CEBR) found that flexible work models have a positive economic impact on individual businesses, as well as local and global economies. It is focused on providing employees with mobility to reduce the time needed to take in between office tasks. The managers specialise in office management rather than commercial leasing. They are different to traditional ‘ leased ’ workspaces in the sense that everything to do with the running and maintenance of the building is managed by the office provider, so all occupiers have to focus on is the success of their business. It’s more than just creating environments where employees are comfortable, happy and productive. In practice, a flexible workspace replaces rigid cubicles with transformative spaces. Flexible workspace is also known as shared office space or flexispace. Private Flexible Workspace In coworking spaces, we’re expecting to see a rise in requests for private office space, as teams will be interested in having their own personal workspace to rent. Not to mention how easy it is to find a suitable workspace when you don’t need the entire building. Flexible Workspace Market is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. Flexible workspace software these days is usually excellent quality, and a fast internet connection is now seen as an essential utility across all workspaces. Different types of workspaces tend to include: Hot desks: non-fixed desks or workspaces that any employee can utilize There are several types of flexible workspace types: Hot desks: non-fixed desks or … Flexible workspace is a modern alternative to traditional offices, providing all-inclusive working space without the commitment, as it exists outside of the traditional rental market. Unlike a normal office, where each employee has a dedicated space that they use every single day, a flexible workspace is supposed to be more malleable and allow for rapid changes depending on the situation. In this article we’ll take a look at what a flexible office is, along with elements that are included in most flexible office spaces. Oftentimes ending their workday later or finishing some minor tasks outside the “formal” work hours. Whether you're moving to a new space or redesigning your current one, transitioning to a more flexible design will yield benefits at any scale. A flexible workspace also means that you can get right down to work each day with everything you need to work included in your membership plan, such as business class office equipment, high-speed Internet, and more, giving you the flexibility to focus on your core business values and leave managing your work area to your flexible workspace’s adept community managers. Ideally, the level of productivity is maintained or increased and is therefore beneficial to both parties. They are different to traditional ‘ leased ’ workspaces in the sense that everything to do with the running and maintenance of the building is managed by the office provider, so all occupiers have to focus on is the success of their business. Flexible workspace is a modern alternative to traditional offices, providing all-inclusive working space without the commitment, as it exists outside of the traditional rental market. Flexible office spaces have become the rage these days. The most common changes are – Flexible start and finish times A flexible workspace refers to coworking or shared office spaces where several freelancers, and startups, in addition to small, medium, and large established businesses share the same location as a place to grow their businesses. While flexible workplaces include the essential elements of traditional offices, they’re practicality is forward-thinking. The business centre concept was originally conceived in the US in the 1960s and was first introduced on this side of the Atlantic in the mid 1980s. Whether you’re travelling, shopping, eating, or drinking a cup of coffee, chances are you are using a flexible workspace – or initiating one – because you are probably working on a hand-held, laptop, or wearable device that renders you as flex-working. Get started with Joan Desk Booking solution today and grab your free trial. Your email address will not be published. Flexible Workspace Market Size And Forecast. Flexible workspace and you. Now is a perfect time to seize the moment and transform your workspace to be more flexible, creating an environment that nurtures safety, innovation, productivity, and overall better workplace morale. Flexible workspace is essentially office space which enables you to move in and start running your business from day one, typically this is a serviced office solution catering for businesses of all sizes. In this article we’ll take a look at what a flexible office is, along with elements that are included in most flexible office spaces. Oct 9, 2020 | Kathleen Hogan - Executive Vice President and Chief People Officer. Flexible office spaces have become the rage these days. If a team is comfortable enough to be engaged in a project and engaged enough to put forward their best ideas, the project is more likely to succeed. Flexible workspaces offer employees the freedom to create what they need to ignite their innovation. for any duration: one month, one year or more. Fixed amount of space: 2. A flexible workspace is many things. Flexible workspaces offer employees the freedom to create what they need to ignite their innovation. Whether you’re travelling, shopping, eating, or drinking a cup of coffee, chances are you are using a flexible workspace – or initiating one – because you are probably working on a hand-held, laptop, or wearable device that renders you as flex-working. By interacting with co-workers in different settings than usual, we are complying with their standards of an innovative workplace. Not to mention the cost benefits flexible workspaces can have with smart planning. 2020 to 2027 Employees who approach their job with a flexible mindset are typically more highly valued by employers. , co-founder of flexible workspace FORA, “how people get excited working from home is a failure of the office.” Many of the top corporations in the world understand this revelation and are switching to flexible workspaces. Wherever you work and however the flexible workspace is defined, we can deliver a connectivity solution for it. Flexible workspaces are scalable. People work best the way they’re programmed to work; not the way the company wants them to work. They’re incredibly well suited to growing businesses because you can usually scale up at … Flexible Workspace Market is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. According to Enrico Sanna, co-founder of flexible workspace FORA, “how people get excited working from home is a failure of the office.” Many of the top corporations in the world understand this revelation and are switching to flexible workspaces. But do you know what a flexible office space is? This level of flexibility can vary depending on the company and what the workers require, but there are a few different types: If COVID-19 has taught us anything, it’s that most people enjoy not being in a typical office environment. With a live tour, you will visit our location and tour in-person. If an employee has the ability to work from home whenever they desire, they will save time (and money) on commute. Flexible workspaces are offices that can be rented on a flexible and inclusive basis- i.e. A flexible workspace is a workplace designed to make the workflow in an office faster and more productive, without sacrificing the well-being of the employees. Flexible workspace elements. What’s more, the availability of each space can be checked from an app or a computer, empowering everyone to book a desk with their tool of choice. Flexible workspace offers fully furnished serviced offices. Gone are the days where every employee spends all day in a stationary cubicle and has watercooler chats with their coworkers. Technological advancements had made flexible working possible before the pandemic. Flexible workspace is defined as either coworking, serviced suites or vertical campuses. It’s the staging area for a mass marketing campaign. This leads to many employees working harder to deliver results on time and of superior quality. This type of office space is fitted with basic equipment, like phone lines, desks, and chairs, a setup that allows employees who normally work from home or telecommute to have a physical office for a few hours every week or every month. 1. You need designs that offer easy flexibility to cater to daily movement, various workflows, and collaboration. According to. Office design isn’t just about the work—it’s about how that work gets done. Basically, it is turn-key office space that offers the flexibility for companies to rent and adapt their workspace quickly and … Human Resources. 1). Workplace flexibility is where an employer and an employee can agree upon… Flexible Workspace -What are they and how do they deliver value? It can cover areas such as size, location, cost, term or speed of occupation. Even before the global pandemic, research showed that supporting a remote workforce yields economic benefits. Evolving with these changing needs, the flexible workspace industry is more poised than ever to continue its growth trajectory. Our fully furnished and equipped offices offer immediate availability with flexible terms. Flexible workspace has been around for decades now. Thus, they’ll start their work on time or even a bit earlier in the morning. Required fields are marked *. Additionally, some landlords are offering their own flexible workspace brands and building out an in-house team to manage the spaces. Embracing a flexible workplace. Flexibility of a serviced office with the security of a traditional lease: 3. Bill-back enablement Integration FM systems Occupancy by department. Your email address will not be published. Aside from the office itself, making a work environment more flexible may involve stepping out of your comfort zone in other ways. On the other hand, a tech company like Microsoft has departments that do well in remote environments where the teammates learn everything from well-established processes and their treasure chest of documents. Private Flexible Workspace In coworking spaces, we’re expecting to see a rise in requests for private office space, as teams will be interested in having their own personal workspace to rent. Flexibility means your conference room is more than a space for quarterly meetings. However, for the majority of companies, 100% remote working is not a viable option. The flexible workspace sector has ridden the crest of a wave for the past five years with global demand increasing by 50% and more market supply of flex space than ever before. Flexible employees, for their part, are willing to do whatever is necessary to get the task accomplished, whether that means taking on more responsibilities, doing different tasks, or doing more at work.Thus, they have more to offer their employer than employees who can only do one or two tasks. It is focused on providing employees with mobility to reduce the time needed to take in between office tasks. Download: Flexible Workspace Guide. Or just talk about it in MS teams ) offices, companies are also looking for a workspace that accessible. Connectivity solution for it with the ability to pop-in, plop-down, plug-in and down... Those desks, employees can also be referred to as a shared office space or...., serviced suites or vertical campuses feel they need to prove that work from home whenever they desire, ’. Space that comes with several creative desk layouts when transforming their workspace to a flexible is! Your company ’ s not the number of ideas that drives a company succeed. 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