Evolving the home office: Importance of coworking to landlords

As the commercial property sector adapts to a shifting market, Investa predicts all of its major buildings will have coworking spaces in them in the future.

Investa group executive Michael Cook said that the company considers flexible workspace operators to be ‘friends’ rather than rivals and that the importance of coworking to office landlords would only grow in coming years. He adds that he saw coworking operators as business incubators which helped their members grow into direct office tenants in the future.

“We think the idea there is to work hand-in-glove with our coworking friends because we’re basically and essentially the same business,” he said.

“If WeWork did one thing, it killed the home office. Once they’re in that environment and they want to grow, in our mind, they’ll take space directly with the landlord.”

Image source: Investa

Article source: https://www.commercialrealestate.com.au/news/the-lungs-of-our-buildings-why-coworking-will-only-get-more-popular/


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