Urban trends are also playing their part, rising property costs make office space more expensive, while congestion on roads and public transport systems are making commuting more difficult in many business centers around the world. “With Dublin, in particular, commercial property is very hot so rents are high. It will be difficult for any business to enter the office market,” says Collins. The development of communication technologies like Voice over Internet Protocol and video conferencing, as well as collaborative software like Slack, reduce the necessity for employees to be physically present in the office and have supported the rising work-from-home culture. “This technology enabled trend appears to be a win-win. Companies get the best talent and save on facilities costs. Employees get to work on their terms – location and time to a certain extent – they also eliminate the hassle and expense of commuting,” our report highlights. While more and more people are working from home, this trend has its limits. Collaboration suffers and many people simply do not have the discipline or home environments that are conducive to productivity, so a workspace opportunity has emerged in the middle. “The industry is at a tipping point and I see a future whereby people don’t necessarily work from home, but close to home,” says Collins.
Read more on goo.gl/Sor9Ei.