Businesses renting Coworking and Serviced Offices have been far more agile than those in direct leases during the pandemic. With shorter-term contracts, typically twelve months, the ability to scale up or down (or even to Work from Home) allows businesses to be as flexible as they need.
The big influx to Serviced Offices has come from businesses returning to the office and giving up larger leased offices for smaller collaborative spaces. Learn more here in our report: the future of serviced offices after the pandemic.