Flexible Workplaces – No Waste of Space

Across the globe there is a rising demand for shared offices, known as the flexible space market. It’s good to share, right?

From co-working, shared spaces, hot desking, meeting rooms to quiet spaces – there’s a growing appetite towards pulling the ideal workspace of every shape, under one roof. While unused office space is still a reality, shared spaces are on the rise.

Precinct Properties, who are the largest owner, developer and manager of premium inner-city business space recently purchased the remaining half share of Auckland’s leading flexible space provider, Generator, after purchasing the first 50% in 2017. Generator provides 12,600sqm of flexible office space solutions to a wide range of NZ businesses in high-end, city-centre addresses.

“From our conversations with clients, contractors and commercial leasing agents across the city, we are noting a shift in needs for office occupiers from what they were 10 years ago. The focus is moving towards how common spaces can be shared, along with improving office fit-outs to suit this change, and looking at best positioning for local amenities,” says Peter Hemmingsen, Property Manager.

“Sharing office space is ideal for businesses striving for affordability. They can share resources such as a receptionist and entertainment spaces. The concept just seems appropriate as people require more and more work flexibility nowadays.” He continues.

On an international scale, the American company, WeWork provides shared workspaces and services for start-up communities, freelancers and businesses of all sizes in 552 offices across 25 countries. Founded in 2010, it is now worth $8.1 billion, with estimated annual revenues of over $1.8 billion – there’s no denying the concept is working.

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