The market of workspace rental outside of traditional boundaries was the object of a study carried out by Xerfi last October 2017.
The French group, Xerfi, is the leader of business studies in the country, with publications concerning every economic field. In the case of the study mentioned above, the subject being examined was the concurrency between new office trends, mainly business centres and coworking spaces, in opposition to other traditional business options like buying or renting the premises. Other options, normally more geared towards temporary offers for newly created enterprises, were also considered.
With a longer historical development, business centres have been around way before coworking spaces were even conceived. Nonetheless, the latter have seen an impressive growth since they started to operate, and are now the main concurrent of business centres in terms of office spaces.
The study is part of Xerfi’s Precepta studies, whose aim is to give tips concerning business growth and best practises. By analysing the market of coworking and business centres, they were able to determine the trends for each of them until 2020, and also provided suggestions as of what services each of them should include to be competent in the long run.
Concerning the 2017 study, the results for business centres follow the same dynamics as the last report on the subject, made back in 2015. Indeed, during these two last revisions, the data collected were far more positive than those exposed in the 2014 report, which wasn’t very hopeful as of the future of business centres compared to coworking spaces. It seems thus that the growing popularity tendency will continue at least until 2020.
Both coworking spaces and business centres are overall encouraged to offer services that normally the other one would provide in order to offer as many services as possible and continue to be increasingly favoured over traditional office options.