Featured | Industry Thoughts

Flexible Workspace Industry Trends of 2023

By Wizu | 28 December 2023

We’re at the end of 2023, and what a year it has been! The flexible workspace industry continues to grow and develop, with coworking and flexible leases becoming a more popular option in the world of work for freelancers and businesses alike.

Lets have a look at some of the notable trends and topics we’ve seen in the industry this year.

Flexible terms becoming the norm

Traditional long-term office leases have been falling by the wayside for a few years, with flexible contracts becoming the more attractive option for many businesses. Renting a space for long periods of time (Over 5 years) no longer suits our fast paced world and how quickly businesses can develop.

As businesses grow, they can be agile with the amount of space that’s needed, which is where these flexible terms come in, especially with shorter notice terms.

At Wizu, when you rent a serviced office, it means everything is included in your monthly bill. Nice and straight forward! This majorly reduces the complexity of your lease, with Wifi, phone line, rent and utilities, furniture, stocked kitchen and more all included.

Wellbeing

An ongoing trend, work-life balance is a major focus for all workers, which means office spaces are catering to companies who want the extra amenities, such as a gym, a cafe or a breakout space. The effort to maintain healthy and positive staff is a wide one, with companies doing what they can to support their team.

In March 2023, Google searches for ‘office with gym’ reached their highest point in the last five years as workers look for a place to unwind in their lunch break or at the end of the day (Business News Wales, 2023).

Wizu Sheffield (Eyre Street) recently won an award for their service innovation in this area, focused on our triple threat workspace that houses a popular serviced office, coworking and dedicated desk space, Hygge cafe and class gym.

Another big wellbeing focus includes biophilic workspaces. What are they you might ask?

Biophilic Design is ‘an approach to architecture that seeks to connect building occupants more closely to nature. Biophilic designed buildings incorporate things like natural lighting and ventilation, natural landscape features and other elements for creating a more productive and healthy built environment for people’ (Sage Glass, 2016).

As most people will be aware, indoor plants can make a big difference, as they can increase happiness and reduce stress levels.

Quality, not quantity

With hybrid working becoming the way of working, many businesses with existing large office space are finding that it’s just too big for what they need.

Many businesses have been looking to reduce their square footage to find smaller and better quality workspaces for their teams. This also includes teams who are spread all over the country, where pockets of workers who live in the same towns and cities might want a space to work together.

Neurodiversity

A huge factor that people consider before investing in a workspace is the neurodiversity factor.

Mostly, this will include whether they have a mixture of workspace to suit different needs, whether the atmosphere is neurodiverse friendly, if there’s breakout spaces for quiet time, and so on.

Flexible layouts that provide space for people to work together effectively and fluidly, combined with private areas where people can concentrate or take a breather are so important.

 

 

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