Three Burning Coworking Real Estate Questions Answered by Our Expert Strategists

As the COVID-19 spread refuses to dwindle out, the fear that keeps landlords and asset owners of coworking real estate spaces awake is understandable. However, every problem always has a solution. It may or may not be an immediate one, but the solution is always there.

After assessing the many queries, we observed three more common ones and got them answered by our experts for you. So, let’s begin:

Remote working/work from home is on the rise, so what would the future look like for coworking spaces?

In the past seven months, the working environment has changed from office desks to home study tables. With social distancing becoming a necessity, workspaces have been left vacant, but the officescape does not seem to be changing any sooner. So, the fear of what the future will enfold for coworking spaces is a real one. Though work from home is the norm today, businesses will soon move towards a 50 percent staff in office structure.  

So, building landlords and owners can overcome the current hurdle by redesigning the coworking space, particularly the common areas, such as office lobbies and pantries. Also, restrictions on the number of people in meeting rooms and common areas can be imposed. That’s said, all the necessary actions listed out by the Indian government should be taken into effect immediately. You can also consider introducing break-out zones, small hubs to socialize, and green planter areas to help tenants engage safely. It is only when you have made your coworking space COVID-19-safe and hygienic, can your tenants gain the confidence to restart work from office.  

If your coworking space offers gym services, then changing and showering facilities will also need more robust cleaning processes with fewer gatherings.

How do we future-proof coworking real estate assets?

A good manager of property or assets will always look for ways to enhance a property, such as its security, social well-being, environmental, and economic factors.

In the future, technology will have fundamental implications for building operations. Adopting a versatile technology approach and balancing that with real-life consequences will be crucial. Add-ons like UV sanitizing systems, ventilation and air-conditioning (HVAC) networks, chemical sprays, blue-light cleaning on door handles, touchless entry points will become an essential.

The future is for smart coworking spaces that have these systems in-built.

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How can we manage safe environments in a multiple tenanted building?

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Following the correct policies and procedures are the key factors here. With proper check-in and check-out services as well as safety procedures, can asset owners can have a track record of positive results.

Likewise, regularity and cleaning consistency would be crucial steps in ensuring that work environments are both safe and sanitary for your tenants. Regularity of cleaning can be improved with the use of technology, like automated cleaning robots to ensure consistency. While robots will overcome this task, property managers can utilize the cleaning staff for other tasks, like cleaning of high-touch surfaces.

Performing such tasks consistently can get handful for property owners. Hence, they can seek services for coworking service providers like the associates at Propques or SafeWorkSpaze. Hiring the services of experts will help all parties (owners, tenants, and visitors) understand the process, the safe return to work can be made much easier.

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