Millennials Drive The Demand For Co-Working Spaces
Creative, tech-savvy millennials, born in the early 1980s to the early 2000s, have been creating a big impact on the office marketplace by modifying the private traditional office spaces to more open co-working spaces, which promote a rather highly social work environment.
These young professionals would go for a company that has a strong culture of community, learning, collaboration, and sustainability, which in time boosts the employee productivity and morale.
Millennials could easily be influenced by the aura of their surroundings; for them, the sight of a plain workstation is merely dull, uninspired. Hence, a lot of companies nowadays, especially in the BPO and IT sector, have transformed their offices into appealing spaces, which we now refer to as co-working spaces or shared offices.
In Metro Manila alone, the various business districts in Bonifacio Global City, Makati City, the City of San Juan, Quezon City, Pasig City, Muntinlupa City, and Paranaque City have been redesigning their offices as if you’re working at home or in a more personal, yet interactional, space. They’re very convenient, flexible workspaces, which truly enhance the workers’ creativity, collaboration, and productivity.
As an expansion strategy, these trendy companies, which embrace the upsurge of co-working spaces, could also benefit a lot from such initiative because they feel a sense co-ownership like they’re part of a disruptive movement, which greatly appeals to the target young market.
If you’re starting your own business, there are so many reasons to consider setting up a co-working space, besides being attractive to the young professionals, it also serves as a differentiator from your competitors in a particular location or community.
Check out some co-working spaces listed on PropertyAsia.ph HERE.