How was the company impacted by the pandemic?
COVID forecasted doom for business, and with it, a massive companies downfall, downsizing, restructure and there were those who forecasted a wave of mergers and acquisitions to stay afloat.
After MCO, demand and supply may have changed and a more flexible approach is required. Companies that did not make the necessary adjustments were hit hard by COVID, but those who adapted their business models were able to cope far better with the pandemic imposed restrictions.
Does everyone move to work-from-home, WFH? Not exactly.
The air has changed. Companies have altered their approach with a more mature and balanced one - which is good. Despite the pandemic still looming, various companies are now scouring for office space solutions with flexible contracts; Giant companies that have announced WFH for their people for the near future, are now focusing on renting offices for their employees - preparing for the future.
The accelerated transition to WFH is a trend that will be with us for years to come. But at the same time, the trend shows steady moderation, and processes are becoming more ambiguous than they were presented to be at the start. This has resulted, for example, in companies challenged to incorporate company culture in a remote work setting, new employees onboarded without a feeling of camaraderie or a connection to the organization. And through all this, we haven’t even mentioned the challenges of managing and supervising while remote - a problem that is still far from the solution. All of these challenges make coworking spaces more relevant to the way we work nowadays; it offers flexibility and creates a hybrid-like reality that helps alleviate the burden for both employer and employee while adhering to public health regulations that can change at a moment's notice.
What Trends We Can Expect to See in Office Spaces
1. A greater degree of flexibility from landlords
As the shift to remote and hybrid workspaces becomes more permanent, landlords are presented with a greater impetus to engage with coworking operators following a “pay as you use” model.
Landlords are proving themselves to be open to a greater degree of flexibility than ever before, with an understanding that hybrid workspaces will require a greater degree of elasticity than traditional office spaces as the cultural response to remote work continues to develop.
2. Decentralization of office space
The sudden shift to remote work challenged the long-held belief that businesses operate most efficiently from a centralized business district.
The concept of the “15 Minute Commute” embraces the idea that decentralized hybrid workspaces can not only improve the worker’s quality of life but can also reap financial rewards for business owners.
So where do we go from here?
Here is what I know: Long-term leases were already losing their appeal with pandemics. We live in a world where entire markets are disrupted in short, sporadic consumer changes. I believe turnkey solutions to office space are the wave of the future.
This is a wave that coworking space has already started to ride. And most businesses coming to the end of their lease will find it hard to swallow high tenant improvement costs with a long-term agreement. Going ahead, a working model that offers flexibility and choice to employees while simultaneously giving organizations the agility they require is likely to be sustainable in the long term, experts highlighted. Organizations are increasingly becoming open to changing needs of working space and hiring workers for different sets of functions, which enables companies to save on cost while also yielding high productivity and output.
What Solution can MyOffice Coworking Center provide?
As this pandemic continues to affect our business financially, we need to take our business budgeting such as office space expenses which is a substantial amount of business operation more seriously than ever.
At MyOffice Coworking Center, we provide various types of working spaces to meet your requirement such as：
1. Private Suite Room (similar to managerial room)
2. Open Coworking Area with various types of setups such as partition workstation and open workstation.
3. Flexible hot desk with no fixed desk for those remote or WFH employees who occasionally require to come back office for discussion and work.
4. We also provide fixed space sharing for those employee practice alternative working system.
Besides the staff working space, our center is equipped with many common areas with sharing basis to reduce the cost of operation such as :
1. Meeting rooms – we have 1 conference room (10pax), 2 meeting rooms (4pax) and 1 discussion room (5-10pax).
2. Pantry with coffee, tea, and drinking water, microwave cooker, refrigerator, snack, and biscuit.
3. Event hall (1000sf) which is flexible with multi-usage, for example, training, workshop, seminar, online live broadcast, video shooting, etc.
4. Rest and Relax area for chatting and socializing
5. Napping area
6. Shower bath
Not forgetting, all necessary supporting facilities to make the complete office will be provided with peace of mind as follows:
1. Utility (Internet, Electricity, Water)
2. Printer (Printing, Photostatting, Scanning)
4. Toilet Supplies
5. Pantries Supplies
6. Maintenance and upkeeping expenses
Finally, you may ask ‘What is the Cost’ and will it cost a lot? We may not be able to you the exact cost because it depends on the type of spaces required by you. Following provide a guideline for your budgeting comparison with your existing cost been paid.
1. Private Suite Room (we have 2-6pax room) = RM400-600/pax/month
2. Open Coworking area (fixed desk) = RM300-480/pax/month
3. Hot Desk (non fixed desk) = RM200/pax/month
4. Fixed desk sharing = RM100/pax/month
For example :
Small and Medium company (6pax)
1. Private suite room (2pax) = RM1,200
2. Open Coworking area fixed desk (2pax)=RM600
3. Hot Desk (2pax) = RM400
Total = RM2,200/month = average RM367/pax
Large company (25pax)
1. Private suite room (6pax x 2rooms) = RM4,800
2. Open Coworking area fixed desk (8pax)=RM2,400
3. Hot Desk (5pax) = RM1,000
Total = RM8,200/month = average RM328/pax
Above is based on 12 months contract
Furthermore, we provide National Recovery Plan Promo with a limited period to further ease your burden. For further information, kindly contact :
Mr. Koay 012-260 2569 ( whatapps him）