Flexible workspaces: 4 benefits for your business in 2021

Why more and more leading companies (tech and beyond) like IBM, Microsoft, PwC, and others turn to flexible workspaces in 2021?

The COVID-19 pandemic showed us the numerous benefits of flexible workspaces, which combine the best of both worlds - fully office-based and remote working operations (learn more about the latest trends & the future of work).

From cost-effectiveness to a happier and more motivated workforce, flexible office spaces have many advantages for organizations of all sizes and stages. Let’s get started.

People taking a break work at the common space offices at Campus X, Sofia
Taking a break at Campus X's colorful common spaces

First, what’s a flexible workspace?

A flexible workspace is a space, which is operated by a third-party flexible office operator that provides flexible lease terms and a strong focus on the experience of the companies and individuals who use the space.

There are various terms like coworking space, flexible serviced office, flexible office, etc., but the common mission of flex spaces refers to focusing on providing tailor-made and flexible serviced experience at the workspace.

For example, at Campus X we rent flexible serviced workspaces, which come with enterprise-level services and amenities, access to leading experts, and a carefully curated coworking community, among other added benefits.

The flexible and modular offices (private, shared, and other flex options) can easily add or remove space and have fully flexible contract terms (month-to-month or up to 36 months as opposed to 5+ yearlong traditional leases).

So, why small, medium-sized, and big Fortune 500 companies start to opt for more flexibility in the workspace?

Flexible private workspace at Campus X, Sofia
Flexible private workspace at Campus X, Sofia

1. Flexible workspaces are cost-effective and agile

What we’re seeing now is a re-evaluation by organizations of their office strategy,” comments for Business Reporter Paul Salnikow, Founder and CEO of The Executive Centre (TEC), an Asia-based provider of flexible working spaces.