When you think about large business enterprises and major corporations, you might picture huge office complexes full of cubicles, dedicated offices, and employees working typical business hours between 8 am and 5 pm, Monday through Friday. However, this model of work environment is slowly changing, largely in part to co-working and shared office spaces, like those found here at iQ Office Suites.
In the past, if a large enterprise wanted to move into a new market, it had limited options. The company could allow employees to work at home from a home office or invest the money in real estate. Real estate investments are risky, especially in new markets where the business may not have yet established a strong customer base.
Opening your own dedicated office space often requires signing a long-term lease agreement. In many cases, setting up a new traditional office, just for a single employee can run as much as $12,000! Furthermore, recouping the initial upfront investment costs can take years and most large firms anticipate a minimum of a five-year time frame before recovering these costs.
Because of these factors, this is why large operations are jumping on board with the shared office space movement. In the past few years, the people sitting in co-working spaces from bigger firms has grown significantly and averages around 40% of the current users, with this number expected to continue to grow.
Co-working spaces for corporations and large businesses offer a wide range of options and choices, depending upon the firm’s needs and objectives. For instance, big construction companies overseeing projects in downtown Toronto can hold meetings in one of iQ Office Suites meeting spaces without having to require contractors to travel across town, far away from the actual projects.
In addition, the employees major firms are moving into shared office environments are enjoying the change from the traditional corporate work environment or their home-office. Traditional employees are being exposed to a younger generation of tech savvy people and new working methods, which has help fuel collaboration between SMEs (small and medium enterprises) and large enterprise operations.
Furthermore, large companies have noticed an increase in productivity from their employees, who work in shared office environments. Since the environment is accessible 24/7/365, the employees are not tied to typical working hours. In fact, around 50% of employees working in shared work environments now occupy their spaces around the clock.
Other ways large enterprises are utilizing co-working spaces is taking advantage of different types of services offered besides co-working space and meeting rooms, like event spaces, private offices, and virtual offices. For more information about co-working spaces, meeting and conference rooms, and other shared office and event space solutions for your large enterprise operation, call iQ Office Suites at 416.238.1111 today!