The future of flex: Niki Fuchs in Estates Gazette
What does the financial uncertainty of the pandemic mean for the future of flexible workspace?
In a recent comment piece for Estates Gazette, Niki Fuchs, Managing Director at OSiT, outlines her thoughts on what she believes the future holds for flex in light of WeWork’s reported 2019 loses and the ‘material impact’ that COVID-19 has had for its business.
Considering the factors that have placed WeWork in this difficult position, including its over-expansion and dependence on high occupancy, Niki argues that this news by no means signals the end for flexible workspace.
Indeed, extended remote working has continued to impact productivity and mental and physical health, while forecasters such as JLL predict flex space to account for 30% of all office space by 2030. It is clear that resilient operators should be hopeful for success long-term, especially those with a freehold model, who have been best placed to support their clients through the pandemic.
In fact, the agility offered by flex will be welcomed as new preferences for a hybrid work style are realised post-pandemic.
Read Niki’s comment in full here