Universities are stepping up their partnerships with co-working spaces post pandemic, according to JLL.
Work from home orders during the pandemic put an abrupt end to the co-working boom and saw the end of many flex spaces and operators; now flexible space is just as quickly making a comeback, spurred by hybrid-work policies. This is especially true in higher education, where flexible office space facilities are providing a new revenue stream after COVID-19 travel restrictions dried up lucrative international student enrolments.
"Universities are recognizing the value to the wider community of their real estate, facilities and talent," said John Mortensen, education solutions lead in APAC for JLL's Work Dynamics group. "Conversely, businesses bring innovation and energy to universities."
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