How coworking is influencing the real estate market in the Philippines
The real estate market, as well as every economic sector of a nation, is constantly changing and adapting to customer needs. Among these revolutionary changes, we certainly cannot fail to mention the phenomenon of ‘’ coworking ’’. This is a work system adopted mostly by freelancers who use common spaces in which to place independent workstations and at the same time interact with other people.
This model obviously greatly influences the real estate market, especially that of the Philippines.
A recent study by JLL pointed out that common spaces in the workplace can guarantee flexibility as well as a substantial improvement in the same performances. The principle behind the success of this new philosophy is based precisely on the ability to temporarily find a space before inaugurating a new activity. In fact, there are many foreign companies that use non-definitive spaces to enter the local market and then turn them into a real satellite office.
As the developers of the real estate market move towards areas that are already autonomous on an economic level, the new buildings change according to the needs of the landlords, guaranteeing larger and more versatile areas based on the request of potential investors.
Among the other advantages previously mentioned, we certainly can not fail to emphasize the effective efficiency that, practically, takes the form of the adoption of this system. In addition to attracting more and more locators, this method guarantees with only the use of 5% of flexible work spaces, a return in terms of efficiency of 45% more than the standard performances.
The coverage of the workspace has also increased, significantly lowering the unemployment rate.
The peculiarity of this phenomenon lies in the fact that it succeeded in taking root in a nation, like the Philippines, particularly anchored in tradition and working standards.
It should be pointed out that, in recent years, this land has undergone a very strong demographic increase, thanks to the adoption of these innovative policies, which have incorporated all economic sectors.
And it was precisely the contribution of a 'huge amount of foreign capital, to lead the government towards more modern horizons and to an international trade oriented precisely to promote not only the territory itself, but also a constantly expanding real estate market.
The convenience in the use of common spaces, flexibility and innovation, play a fundamental role at the moment for the Philippines, which are awakening after a period of deep crisis.
It is obviously hoped that this positive situation can continue also in the following years, but above all that the importance of adapting to internal and external changes to the real estate market is exemplary.
The temporary nature of a space guarantees greater serenity even at the working level, without forgetting the economic and financial aspect (definitely more convenient in terms of costs to bear).
This model obviously greatly influences the real estate market, especially that of the Philippines.
A recent study by JLL pointed out that common spaces in the workplace can guarantee flexibility as well as a substantial improvement in the same performances. The principle behind the success of this new philosophy is based precisely on the ability to temporarily find a space before inaugurating a new activity. In fact, there are many foreign companies that use non-definitive spaces to enter the local market and then turn them into a real satellite office.
As the developers of the real estate market move towards areas that are already autonomous on an economic level, the new buildings change according to the needs of the landlords, guaranteeing larger and more versatile areas based on the request of potential investors.
Among the other advantages previously mentioned, we certainly can not fail to emphasize the effective efficiency that, practically, takes the form of the adoption of this system. In addition to attracting more and more locators, this method guarantees with only the use of 5% of flexible work spaces, a return in terms of efficiency of 45% more than the standard performances.
The coverage of the workspace has also increased, significantly lowering the unemployment rate.
The peculiarity of this phenomenon lies in the fact that it succeeded in taking root in a nation, like the Philippines, particularly anchored in tradition and working standards.
It should be pointed out that, in recent years, this land has undergone a very strong demographic increase, thanks to the adoption of these innovative policies, which have incorporated all economic sectors.
And it was precisely the contribution of a 'huge amount of foreign capital, to lead the government towards more modern horizons and to an international trade oriented precisely to promote not only the territory itself, but also a constantly expanding real estate market.
The convenience in the use of common spaces, flexibility and innovation, play a fundamental role at the moment for the Philippines, which are awakening after a period of deep crisis.
It is obviously hoped that this positive situation can continue also in the following years, but above all that the importance of adapting to internal and external changes to the real estate market is exemplary.
The temporary nature of a space guarantees greater serenity even at the working level, without forgetting the economic and financial aspect (definitely more convenient in terms of costs to bear).
