We move on to discuss the idea of large occupiers choosing coworking space over their own HQs – is this the way forward, or just a kneejerk reaction and a fad that will soon diminish? Chris Davies, CEO of Uncommon, tells us that, following a tough year, his business is now seeing a major ‘bounce-back’ and feels that the market has really turned a corner, with end user demand continuing to return, with much of that activity coming from larger corporates.
Elsewhere, our guests ponder what this all means for the property market. Are we going to see major occupiers reduce their real estate, and will easier, short-term leases ensure we have thriving business centres rather than ghost towns? Colliers’ Director, Colin Wood, is perfectly positioned to answer and says that there is a real mixed bag out there at the moment, with some occupiers facing lease breaks and being forced to act, others are sitting back and ‘waiting and seeing’ what happens over the next 12-18 months, while other businesses are doing all they can to encourage people to return to the workplace. He continues by saying that he’s also seen some occupiers looking to increase space post-pandemic, as they look to move away from a high-density approach to a more flexible, collaborative way of working.
Look out for the full discussion, coming soon.