centres in the city , commercial landlords can save their clients the expense and commitment that come with a central office , helping them to reduce their real estate spend and increasing their profitability .
“ Going forward , companies that recognise we can still get all our work done by adopting the hybrid model are going to outperform ones that don ’ t .”
“ Flexspace can benefit businesses of any size in any sector ,” Brown explains . “ All you need to do is pick up memberships or choose a couple of different offices around the city or country where your employees are based . Or , better still , use a global operator like IWG where memberships grant access to thousands of workspaces worldwide .”
He says that CEOs who ignore trends such as hybrid working and fail to recognise the benefits of investing in flexspace risk being left behind .
“ A lot of founders want to think of their company as their baby . But when it comes down to your employees and what they ’ re doing for the company , that ’ s paramount . So it ’ s really more important to figure out what ’ s going to make your employee base happy and productive , and think about what ’ s going to help you retain the people that are really making this company profitable .”
But business leaders aren ’ t the only ones that could get left behind . Unless landlords adapt their offerings to better cater to changes in their clients ’ demands , they may not be getting the most out of their properties .
SA Real Estate Investor Magazine OCT 2022 161