{"id":22988,"date":"2016-06-17T14:36:01","date_gmt":"2016-06-17T06:36:01","guid":{"rendered":"http:\/\/www.upgrademag.com\/web\/?p=22988"},"modified":"2016-06-17T14:36:01","modified_gmt":"2016-06-17T06:36:01","slug":"half-firms-say-co-working-long-term-fix","status":"publish","type":"post","link":"http:\/\/www.upgrademag.com\/web\/2016\/06\/17\/half-firms-say-co-working-long-term-fix\/","title":{"rendered":"Over half of firms say co-working is a long-term fix"},"content":{"rendered":"<p><strong>Latest research by workspace provider Regus reveals that co-working is now considered a long-term option for businesses, instead of a temporary solution. Sharing an office space used to be seen as little more than a short-term answer for start-ups on a budget or entrepreneurs seeking company.<\/strong><\/p>\n<p><a href=\"http:\/\/www.upgrademag.com\/web\/wp-content\/uploads\/2016\/06\/Regus.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-22989\" src=\"http:\/\/www.upgrademag.com\/web\/wp-content\/uploads\/2016\/06\/Regus.jpg\" alt=\"Regus\" width=\"622\" height=\"432\" srcset=\"http:\/\/www.upgrademag.com\/web\/wp-content\/uploads\/2016\/06\/Regus.jpg 622w, http:\/\/www.upgrademag.com\/web\/wp-content\/uploads\/2016\/06\/Regus-300x208.jpg 300w\" sizes=\"auto, (max-width: 622px) 100vw, 622px\" \/><\/a><br \/>\nHowever, of the almost 40,000 Regus survey respondents, nearly two-thirds (67%) said they are seeing more firms integrate co-working into their long-term strategy.<\/p>\n<p>Incorporating co-working into their long-term plan is not only seen as a cost effective alternative, but helps businesses remain agile and responsive to sudden market changes that are rife in the volatile global economy.<\/p>\n<p>Business people report that firms are renewing existing co-working arrangements or making new contracts because they offer scalability, shorter terms than fixed leases and help grow the business sustainably.<\/p>\n<p>Key findings:<\/p>\n<ul>\n<li>Almost half of respondents report that use of co-working space at least some of the time is mainstream among larger businesses signalling an important change in mentality;<\/li>\n<li>SMEs continue to be keen users of co-working space (61%);<\/li>\n<li>Global business people report that firms are renewing co-working agreements because they offer the opportunity to scale operations up or down rapidly without incurring extra costs (73%) and are shorter term than fixed leasing arrangements (68%) allowing them to review conditions more frequently;<\/li>\n<li>Firms are also renewing co-working agreements to sustainably grow the business (68%) and not just because they are less expensive than fixed leases (65%).<\/li>\n<\/ul>\n<p>Lars Wittig, country manager at Regus, commented:\u00a0\u201cUsing a shared workspace provides businesses with a sustainable route to growth. Co-working allows businesses to expand rapidly without committing to lengthy leases, and adapt to changing circumstances in a flexible way. For instance, firms looking to move in a new direction can use a co-working space to test the waters before making any concrete changes. On the other hand, if conditions in a particular market take a turn for the worse, downsizing will not incur the hefty penalties associated with traditional leasing arrangements.&#8221;<\/p>\n<p>For Wittig, \u201cthe rise of co-working represents a real opportunity for corporates as well as smaller businesses, as they can use this solution creatively in a way that suits their needs. Moreover, co-working helps companies free up capital to invest in growth initiatives.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Latest research by workspace provider Regus reveals that co-working is now considered a long-term option for businesses, instead of a temporary solution. Sharing an office space used to be seen as little more than a short-term answer for start-ups on a budget or entrepreneurs seeking company.<\/p>\n","protected":false},"author":6,"featured_media":22989,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[4455,1330,4456,96,4457],"class_list":["post-22988","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-headlines","tag-office-space","tag-regus","tag-shared-office-space","tag-technology","tag-workspace"],"_links":{"self":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/posts\/22988","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/comments?post=22988"}],"version-history":[{"count":0,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/posts\/22988\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/media\/22989"}],"wp:attachment":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/media?parent=22988"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/categories?post=22988"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/tags?post=22988"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}