MIAMI—Coworking office space is making its mark on the broader officing industry. The statistics tell a huge part of the story, but there's another part of the picture that is not as clear. Call it a ripple effect that's strategic for many traditional office users.
Let's start with the statistics on coworking office space. Seventy-percent of coworking office space users reported they felt healthier than they did working in a traditional office setting, according to Office Vibe. And 64% of coworking office space users said they are better able to complete tasks on time.
That's driving a lot of attention to the coworking office space world. And traditional office landlords are paying attention. One result, according to Tere Blanca, founder and CEO of Blanca Commercial Real Estate, is hospitality-driven amenities in office buildings.
“Given the increasing popularity and success of the coworking office environments and tenant demand for spaces designed to attract Millennials, we will see landlords implement hospitality-driven service offerings and create shared amenities that establish a strong sense of community within buildings,” Blanca tells GlobeSt.com. When it comes to Millennials, there's little argument that this demographics' impact on commercial real estate will be as huge—if not greater—than Baby Boomers. Millennials are now the largest demographic in the workforce and have distinct preferences about their work environments, companies are evaluating their approach to office real estate.
“Tenant lounges, fitness centers, rooftop lounges, shared workspaces, and unique programmed event and training space focused to deliver a workplace lifestyle that appeals to a multigenerational workforce,” says Blanca. “That's a trend we have already seen take off at the latter part of 2017, will continue to permeate new office projects design and building renovations.”
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