At first, the whole concept of working alongside someone you don’t know and doesn’t belong to the same office can be really terrifying and uncomfortable. Now, it has become the latest trend, especially among startups, and has garnered as a spotlight into becoming one of the best strategies for saving on costs and meeting new friends. But will it overtake the traditional way or serviced offices?

Communal office spaced is known to be a cost-effective way of having an office for businesses share a space with other businesses, whether the same nature or different industry. It also offers flexibility in terms of seat numbers and there is no need to have a fixed capital investment for a business to rent a space.

In figures, Deskmag’s 2016 Global Coworking forecast said 62 per cent of co-working space owners have decided to expand their offices. Meanwhile, the infographic from OfficeVibe stated that 70 per cent felt healthier in a co-working space compared to their experience in the traditional office setting, while 64 per cent were able to finish their tasks on time and 91 per cent say they had better interactions with others after working.

As for the Philippines, the country is known to be the hub for outsourcing and offshoring solutions. And when it comes to co-working spaces, the archipelago is expected to have a 10 per cent increase in the number of co-working spaces in the next three years. According to the report “Mining Millennials: Finding Gold in Co-working Spaces”, Property consultancy firm Colliers International said the country experienced a boom in co-working office spaces due to the arrival of freelancers and online professionals.

Then, according to Workspace solutions provider Regus Philippines in 2018, the Philippines is projected to have 20 to 30 per cent growth in co-working spaces due to the growing number of young workforce and growing small, medium enterprises (SMEs) in the country.

“The industry of co-working, flexible work spaces is going to grow by 20-30 percent,” Lars Wittig, country manager for Regus Philippines, said. “The Philippines is an emerging economy, like the Philippines, 85 percent it is driven by the SMEs… also you have a young population which are educated, English-speaking, and very tech savvy.”

Along with the advancement of technology and the changes in the economy, they way how employees work and their office setting has changed. Now, more and more offices, especially startups  and SMEs, are choosing the co-working space setting, wherein they get to share the floor with other offices. This strategy is known to be cost-effective while making employees more creative and happy. Those are the few reasons why serviced offices Philippines have risen in number.

For businesses who wish to venture in the Philippines and rent an office space, Ezy Outsourcing Hub offers serviced offices, multiple seat leasing and remote staffing solutions. To know more, call 02-6571872 / +61 419 200 663 or email contact@ezyoutsourcinghub.com.

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