What is the future of peer space?

The nature of professional life has changed significantly in recent years. The global epidemic and the string of lockdowns have forced companies across the country to adapt the work habits of their employees. This may include office-based work, home-based work, or a combination of both.

More and more businesses are adopting a hybrid work model. Office trips five days a week may have been the norm, but according to a survey conducted by Free Office Finder in February 2022, 64 percent of their clients say they participate in hybrid work.

In addition to a hybrid working model, multiple corporations have decided to close their offices. Capita, for example, has shut down 49 of the 294 sites since the epidemic began. Lloyds Bank plans to close 20 percent of its offices in the next three years.

Changes in work habits have encouraged the use of co-worker space across the country. Here, we will explore the benefits of peer-to-peer locations and consider some of the organizations that are leading the way for this model of working within the UK.

The advantage of peer space

Co-worker spaces provide offices for individuals and organizations that embrace alternative work models. They offer all the expected facilities of standard offices and can be hired by corporations, full-time and part-time employees and even freelancers in several sectors. Whether you want to rent your own office for a day, a month or a year, there is a co-worker’s place for you.

The demand for peer space has fluctuated throughout the epidemic. In 2020, for example, the use of these spaces decreased by 10-12 percent compared to the previous year. Seville, however, predicts that it will rise to 15 percent by 2023 because companies are “unable to plan for the long term and see the five-year lease as indefinite.”

Therefore, considering the reasons explained by Savills, peer office spaces are ideal for companies that do not have the security to pay for future office space. This is understandable because the epidemic cast a shadow of uncertainty on the economy and 61 percent of small business owners faced financial difficulties at this time.

In addition, employees can use these spaces for their work. If the office is closed or open with restrictions, employees can be expected to work from home. It’s not always an ideal option for people with children, for example, and sometimes a local cafe can be just as confusing.

Peer company led the way

There are multiple companies across the country that offer peer positions for professionals. In recent months, for example, Currys has closed its office and opted to use WeWork’s partner space. Here are some other companies that are leading the way.

IWG London

First and foremost, IWG is a breakthrough in the peer sector. Hosted by more than 8 million customers worldwide, the company has more than 120 locations worldwide and works with a number of high-profile clients from Disney to Spotify and Microsoft. In London alone, IWG is responsible for 20 per cent of all peer office spaces Would you like to spend your working day here?

Cardiff containers

The growing demand for peer-to-peer spaces is encouraging businesses to think creatively about office space, and Cardiff containers are leading the way in innovative work environments. The three-storey complex consists mostly of storage containers. These are smooth and modern alternatives to traditional offices and fitted with rear windows and interior plywood walls.

In addition to its aesthetic appeal, Cardiff containers are equipped with electricity and all general office comforts may require any worker. The complex aims to employ many workers, from desk-based businesses to designers and musicians to hands-on practitioners and freelancers across multiple fields.

Space Glasgow

Spaces is one of Scotland’s leading affiliates There are three locations to choose from: Charing Cross, West George Street and West Regent Street. Equipped with all offices and meeting rooms for individual staff or business looking for temporary and permanent accommodation. Space also offers networking events for its customers.

Co-worker spaces can be the solution for freelancers, at home, and looking for hybrid workers. Considering that experts predict that the market will continue to grow in the coming years, we do not expect peer-to-peer locations to move anywhere anytime soon.

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