The flexible office opportunity for landlords
# Post-COVID: the flexible office opportunity for landlords
In the wake of the pandemic, the commercial real estate market has started to accelerate toward greater flexibility. To meet this quickly growing demand, landlords need to adapt their marketing and delivery systems. In Shanghai and other cities in China where a “new normal” has been more or less established there is still a lot on uncertainty for SMEs regarding their working arrangement going into 2021.
Amidst the global experiment in remote working that COVID forced upon us, SME’s, startup and large employers are beginning to think long and hard about the corporate workplace of the future.
Whilst in China many questions (Will employees simply return to the office? Will existing office designs feel appropriate and safe in a time of social distancing? What if newly liberated employees choose to stay at home?) have partly been answered, the situation is still very fluid.
Facing such uncertainty, entrepreneurs and corporate managers alike are reconsidering long-term commitments and thinking more about cost management and flexibility when it comes to workplace arrangements.
Enter: On-Demand Employees This popular new business practice gives employees all the innovative job features they’re looking for. The gig economy has changed the work setting for many and has created a greater degree of autonomy for workers. Being on-demand comes with perks. It allows employees to set their own schedule and work when they want to. Freelancing and contract work is all the rage and provides clear benefits for both sides of the equation.
Today, companies are looking for more flexible options for both staffing and workplace. If you’re thinking about or already have made plans to include on-demand employees to your company’s workforce, the next thing you need to consider is on-demand office space.
What makes flexible offices suddenly so desirable?
- Economic uncertainty will linger.
- Many employees have proven, for themselves and their employers, that - remote work actually works, at least some of the time.
- Long commutes and public transportation are unpleasant.
- Dense and open-office layouts create anxiety.
That’s where the growing inventory of flexible offices comes into play. These spaces offer an alternative that may allow workgroups to be productive and collaborate, while still staying close to home.
In order to meet the flexible-office demand, landlords will need to overcome several challenges:
First, how do they reach the customers who are actively looking for flexible office space? Historically, the brokers have turned their back on smaller and shorter-term customer requirements as these deals have simply not offered enough juice for the squeeze.
Second, landlords will have to cater to the unique expectations of flexible-office customers:
- Fast – Flexible-office customers are accustomed to touring today and moving in tomorrow. Is your leasing process geared for this tempo? Do you have a standard smart contract to eliminate legal delay? Is your space ready to occupy?
- Flexible – The economic upheaval of the current pandemic is only the latest of a chain of historic events that have taught SMEs and large enterprises alike that long-term real estate commitments are risky.
DuanDuanZu was built from the ground up to power the flexible office economy and help landlords make any space a flexible office.
- Attract – Reach customers directly with omnichannel distribution. Promote your space to thousands of active prospects in the LiquidSpace marketplace.
- Convert – Execute deals faster with a simple end-to-end digital leasing workflow. Eliminate legal cost and customer frustration.