CoreNet Global Summit, Singapore 2018
Singapore | 12-15 March 2018 | Ritz Carlton Millenia
Don't miss corporate real estate's must-attend event!

Filling the Void: A Post-Coworking Environment

15 March 2018 | 11:15 - 12:15

Filling the Void: A Post-Coworking Environment

Coworking has evolved from its founding principles to become a successful real estate solution, in particular for organizations that require growth flexibility. "Filling the Void" identifies a gap in the market between organizations that have reached organizational maturity beyond coworking, but cannot navigate the complex tenancy agreements, long leasing terms and intricacies of fitting their own space. A series of interviews on growing organisations, undertaken as part of a joint research project between HASSELL and Pepper, highlighted the strengths of coworking in supporting the quantitative aspect of growth (e.g. headcount). However, the limitations of coworking spaces in supporting the qualitative side of growth also became apparent. Backed by Organizational Life Cycle models, the environment for growing organizations should be different, not only bigger. In this session Dr. Agustin Chevez, and Luke Gladwish, will present the outcomes of a cross-disciplinary collaboration between designers and property advisers to develop a new business offering. 

Key Takeaways:

  • Recognise opportunities to rehabilitate dated, under-performing and unused real estate by creating an environment (space + business curation) that appeals to post-coworking organisations.
  • Reassess leasing offerings based on better tenant-landlord risk appreciation and distribution.
  • Develop new business opportunities derived from understanding the quantitative parameters (amount of space) and qualitative aspects (type of space) of organisational growth.