22 Feb Infographic : Office Space Trends in 2016
Office Space Trends in 2016 [Infographic]
More individuals than ever before are turning to entrepreneurship in its many forms. Office space trends are constantly adjusting and evolving from year to year, and 2016 is no different. And with that, the demand for individual coworking spaces has skyrocketed as people begin to realize the financial, social, and job-related benefits of working among others in a professional setting. Take a look at how our executive suite infographic (below) can assist you.
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Work among professionals from complementary industries with whom you can socialize, collaborate, and network.
- Today, 80% of jobs are landed through networking.
Workstyle offices start as low as $275 per month and include an array of features and amenities to help you get the most out of your space.
- Save up to 75% on total office costs by essentially paying a fraction of the price for the common areas, amenities, and utilities.
Grab a quick, delicious cup of Joe at a complimentary Workstyle coffee bar, just steps away from your suite.
- 59% of adults drink coffee daily.
Modern décor, strategic layouts, and a community atmosphere make Workstyle offices hotbeds for creativity.
- 71% of coworkers feel more creative since joining a coworking office.
Get fast, reliable Wi-Fi for your computer, smartphone, and other mobile devices.
- 37% of people check their mobile devices every 30 minutes or less.
CONFERENCE ROOM ACCESS
Host meetings and give presentations in a fully equipped, on-site conference room.
- Competitors charge tenants between $40 and $100 per hour to access a meeting room — you can use a Workstyle meeting room for free.
24-hour building access allows early birds, night owls, and everyone in between to work when they’re most productive.
- 10% of people are early birds, 20% of people are night owls.
Office Space 2016 Outlook
In 2016, expect to see robust office space absorption levels in major cities throughout the United States. The country’s economic recovery has started translating into noticeable corporate real estate shifts. This global office forecast estimate the office vacancy rate will be at its lowest point since 2008 — setting off higher demand for office space in the most desired locations. In fact, demand is beginning to outpace current construction in many markets, resulting in a number of pre-leased spaces. Cities like Houston, San Francisco, New York, Boston, and Seattle can expect to see double-digit rental growth in 2016.
With some estimating that freelancers now make up one-third of America’s workforce, coworking spaces will undoubtedly become more and more mainstream. Indeed, according to the 2015-16 Global Coworking Survey, last year the number of coworking spaces increased by 36%, bringing the worldwide total to about 7,800.
Currently, around 500,000 people work in coworking space. However, according to the Global Coworking Survey, 61% of all coworking spaces plan to expand this year, with 80% of survey respondents expecting an increase in members/tenants at their properties.