{"id":7475,"date":"2020-03-18T13:13:04","date_gmt":"2020-03-18T06:13:04","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=7475"},"modified":"2021-06-04T14:54:20","modified_gmt":"2021-06-04T07:54:20","slug":"co-working-property-segment-to-succeed-post-pandemic","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/co-working-property-segment-to-succeed-post-pandemic\/","title":{"rendered":"Co-working property segment to emerge victorious post-pandemic"},"content":{"rendered":"

As\u00a0<\/span><\/span>business<\/span><\/span>es resort to more flexible working schemes<\/span><\/span><\/p>\n

\"\"
A physical co-working space to meet, work, learn, and collaborate. MikeDotta\/Shutterstock<\/figcaption><\/figure>\n

Despite the current shortage of co-working users, investment management firm UBS Asset Management predicted that this property segment will substantially succeed once the world has recovered from the COVID-19 pandemic, reported Commercial Real Estate<\/a>.<\/p>\n

Shaowei Toh, head of real estate research and strategy in Asia Pacific at UBS, said that in the past month, the regulations imposed to address the outbreak have promoted emerging trends in the real estate sector, particularly when it comes to flexible working.<\/p>\n

\u201cBefore this epidemic, working from home or mobile working was arguably more a concept that was \u2018good to have,\u2019 but never really implemented in a big way, at least in most of APAC,\u201d explained Shaowei.<\/p>\n

More: Year in review: the rapid adoption of co-working spaces in Asia<\/strong><\/a><\/p>\n

\u201cWhen this COVID-19 outbreak is behind us, we believe many office tenants will review their fixed real estate space requirements, especially if this involuntary experiment with mobile working has resulted in comparable levels of efficiency.\u201d<\/p>\n

Large Australian corporations have already started to enforce flexible working policies in the past week, from asking the entire staff to work remotely to dividing workforces into various locations and rotating teams to work from home.<\/p>\n

\u201cThe notion of mobility and flexible working is being truly tested during this COVID-19 crisis,\u201d he added. \u201cAs countries seek to limit human-to-human contagion, many companies have activated business contingency plans and home-based working is becoming a daily routine for many workers.\u201d<\/p>\n

\u201cIn other instances, employees are dispatched to alternative work locations where they can perform the same functions with the aid of technology.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

As businesses resort to more flexible working schemes <\/p>\n","protected":false},"author":9,"featured_media":20502,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92,1],"tags":[223,766,638,767],"class_list":["post-7475","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-property-report","tag-asia-pacific","tag-co-working","tag-real-estate","tag-shared-economy","news_country-asia-pacific","news_country-australia","news_country-rest-of-the-world","news_author-property-report"],"acf":[],"yoast_head":"\nCo-working property segment to emerge victorious post-pandemic | Asia Property Awards<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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