Boosting the Office Real Estate Sector with Flexible Offices and Coworking in Monterrey
The flexible office or coworking market is driving the recovery of the office sector.
What are the main factors behind the growth of flexible offices?
Growth Factors
Based on our analysis and understanding of the market, the main factors benefiting the flexible office sector are:
Culture change in the way people work.
Employees' desire for more flexible jobs.
Most people now prefer to work in an office a few days a week and want to find options that are better located (close to their homes) and with less commuting. On the other hand, companies requiring larger spaces are looking for ready-to-use, risk-free offices, which requires a flexible office provider to deliver.
Challenges and Solutions
Traditional offices are still struggling after the pandemic. The changing culture and current economic landscape are adding challenges to their existing problems. Office owner associations and we, the flexible office operators, are evolving and finding a winning formula to meet these challenges.
An interesting dynamic between traditional office spaces and our work is the quest for quality. What matters most to tenants is having a dynamic and engaging workspace that people want to visit. By collaborating with landlords to manage amenities and shared experiences within their buildings, we are enhancing the overall appeal. The welcome experience, in particular, is a highly effective way to enhance a building's attractiveness.
Our Growth
WOR is about to celebrate 9 years in the flexible office market and our journey in this sector has been wonderful. We have just over 10,000 m² of flexible office space and expect to add 2,000 m² more this year. We are currently in mixed-use buildings, places where people can live, work and socialize in their free time. These tend to be the most exciting for workers. Areas with places to eat, drink and work tend to perform well.
Collaborate with us
We are interested in continuing to collaborate with building owners and supporting them in the monetization of these assets.
Our approach differs from traditional leasing, where buildings emerge in submarkets that are no one's first choice but are now strategic for the people who live nearby. We have growth plans that are both measured and aggressive. We believe in the growth potential of our sector and our product, but we also focus on risk.
