Serviced Offices After Coronavirus – Does Co-working Work For Your HQ?

It is no secret that there have been a number of high-profile casualties within the serviced office industry. Office providers of all sizes have struggled with almost impossible trading conditions and the response from the providers has been a well-documented request for rent concessions from landlords across their portfolios and a heavy reliance on additional borrowing.

Depending on what you read, the future of the office as a concept is either about to fall off a cliff forever to be consigned to the annals of history, or is destined to return to normal seemingly overnight. The reality of course will be somewhere in the middle - but it is going to be informed by the experiences of businesses for whom 'lockdown' has been an unprecedented experiment in wholesale home working. Our offices will not vanish - indeed their importance might even increase as a result of the surge in remote working - but what we do in them, and how and when we access them is going to change.