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The global flexible workspace industry has also suffered a similar blow, with corporates avoiding it due to excessive interaction among office space users with co-working or hot-desking which may increase the spread of the virus, However in the mid or long run, most are beginning to see the real shift and value in utilising flexible office space, post Pandemic. If there’s a silver lining to all this health crisis, it’s that office workers are now more aware and placed much more emphasis onto health and wellness, and there’s now an explicit onus on us that we need to place primary importance on our health and above all in to create a safe working environment. Unfortunately during this pandemic , under the Traditional office model, many corporates let go or placed many employees under furlough and excess unused office space were left under utilised , resulting in massive wastage, resulting great financial stress , especially so during this crisis. In a flexible workspace model , corporates will have the ability to exercise flexibility in their plans in down scaling their physical workspace requirements and employee hiring plans, creating a more nimble workforce and organisation.

The recent Covid-19 Coronavirus outbreak that has engulfed the entire world has thrown many businesses into complete disarray and with many hurriedly for immediate disaster recovery and alternate workspace options for their employees. Many big organisations already have their own Business Continuity Planning or Workspace Disaster Recovery framework in place, even way before this virus outbreak. Without a properly thought plan or strategy, one business can go out for good in the event of a disaster outbreak. Not sure of how to go about it in getting your a proper BCP and workspace options for you and your team in time for a disaster or virus outbreak ?

For certain businesses such as logistics, transport, additional research may be required on the locations, as certain locations will probably serve the specified businesses better. In the event of getting a space too small, you may need to lease additional space or even relocate, resulting in loss of money and time again. Not choosing a well qualified broker for your search With the availability of online search sites for office spaces, many businesses have chose to search for their new premises on their own. Even if this could constitute a very minor percentage of the costs involved in signing the final office lease, the benefits from engaging a broker far outweigh this minor one off costs.

In our course of work in advising businesses on their choice of office space, one of the most often asked questions is :  How much space is  really needed for my office?Before embarking on the search for their ideal office space, most businesses often miscalculate or even overestimate ( which is much often the case ) the space that is really necessary for their normal day to day business operations. Due to regulatory requirements, typically Legal, manpower or even travel agency businesses will require maximum privacy and confidentiality where bulk of their operations can be conducted in their own private office suites. Is your business expanding fast ?  : If your business is expanding fast, the best option to secure a property with a provider or landlord that allows certain flexibility, inclusive of upgrading to bigger spaces once you need to. Try adopting different workspace strategies that allow you to secure a core space with flexible options, or a hybrid combination that contains both fixed and flexible features of an office space lease.