At a time when everyone is working remotely, how is your coworking space adapting to it?

As businesses adapt to a more flexible work paradigm, we foresee increased demand for coworking spaces as the occupiers are likely to continue with flexible workspace providers as compared to the traditional workspace. We believe the physical constraints and mandated social distancing norms will make coworking spaces the first choice for many organisations since work from home comes with its challenges.

During this time, technology has opened a lot of opportunities for running a business and improving performance while keeping the work-life balance secure. Like the majority of sectors, the global pandemic has posed challenges for the coworking sector as well. Even though there has been a rise in the number of enquiries with SMEs and large enterprises exploring managed office spaces, the deals are taking longer to materialize.

Co-working operators are betting on a resurgence in demand for co-working spaces as the economy emerges out of one of the strictest stay-at-home measures anywhere in the world. The sector sees demand for flexible workspaces rising as companies embrace social distancing as part of their work culture. That may see them adopting measures to maintain social/physical distancing among employees, with desks expected to be set apart by around 80-100 sq. ft. going forward from about 50-60 sq. ft. earmarked currently — the result: corporates leasing more office spaces.