The rise of coworking reduces the influence of traditional office rentals

The pandemic has shaken the foundations of many companies, and organizations have had to especially focus on their financial health to fuel economic recovery.

In this sense, one of the main aspects in which costs can be optimized without losing quality in services is the physical location, and more so in this era in which, with a new telework law in Spain where 97% of the workers do not have it regulated, the firms are committed to returning to the offices again.

Thus, the coworking they rise like the best alternative for startups, freelancers, SMEs or even for multinationals that make use of this model, which also allows flexible schedules, makes it easy to sign contracts without long stays, and encourages the generation of synergies. An example is the flexible space operator Lexington, which this year celebrates 40 years in Spain since it opened its first location on Paseo de la Castellana.

In a simulated comparison, hiring an office for 20 people, working in its facilities can mean savings of up to 33% per month compared to a traditional office in terms of service and supply costs (electricity, community, reception equipment, insurance, maintenance, cleaning or internet, among other aspects).

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To which should be added others of special relevance such as furniture, implementation costs or square meters for common areas and which are free to use for your customers. And it is that this type of spaces pivot on an ‘all inclusive’ model, where the aforementioned concepts are already included in a single monthly invoice. In addition, the adaptability of the space with respect to the needs that companies have at all times makes cost optimization even more plausible.

A model that continues to grow

Since last September, the return to normality has caused a greater supply of square meters of flexible spaces due to the increase in demand for flex offices that currently exists and which, foreseeably, will continue to grow. In Lexington, for example, they currently have an average occupancy of 84% in their more than 14,000 square meters of flexible spaces located in Madrid and Barcelona and they estimate that it will reach 90% by the end of the year.

In addition, according to a study carried out by the real estate consultancy Cushman & Wakefield, together with the association of flexible workspaces ProWorkSpaces, 24% of coworking in our country plans to open an additional center in the next twelve months. The same report indicates that coworking spaces in Madrid already represent 1.26% of the total stock of offices, while in Barcelona the figure rises to 2.57%.

According to David Vega, CEO of Lexington, “The current demand for our flex spaces has increased by 57% compared to the first half of the year. A figure that clearly reflects the advantages of the sector compared to conventional office rental, not only because of the contractual facilities and cost optimization that it offers, but also because of its differential characteristics in terms of location and premium facilities for the well-being of office teams. job”.

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