News

Co-Working Expected To Rise Dramatically

Over the next five years, corporate real estate professionals are set to dramatically increase their use of co-working spaces to house employees, according to a survey conducted at the CoreNet Global Summit in Boston. According to the results so far, the percentage of employees at respondents’ companies utilizing co-working has doubled over the past two years. The survey was conducted by Cushman & Wakefield and CoreNet Global during the course of the three-day summit and was completed by more than 220 corporate real estate executives and industry service providers. Three-fourths of the respondents said that a main benefit of utilizing co-working was the ability to ramp up or down a corporate real estate portfolio. Other benefits are reducing costs, attracting and retaining talent, communicating brand, and maximizing efficiency.

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