Disney, Microsoft, Amazon, Google: Some of today’s biggest business empires started in garages. Everyone loves the story of humble beginnings leading to undeniable success. But garages don’t inspire confidence in the people new businesses need to impress. And you can bet that’s not where they met with investors & clients. From start-ups with big dreams to enterprises with multiple offices, any company… Read more
In 2018, millennials became the largest generation in the Canadian workforce — comprising 35 percent of the total — thereby solidifying their influence on today’s workplace. As first-generation digital natives, this group came of age as technology transformed from something fixed to an entirely mobile tool. Clearly, the most tech-savvy generation to date, this superior technological proficiency and the ease of connection… Read more
In the initial explosion of coworking, spaces were rented by students, startups, and freelancers. The goal was to move in, grow, and move into your own space. But now, just a few years later, it’s not just startups in Toronto coworking spaces. It’s a popular coworking myth that these spaces are just for small companies. In reality, the big guys are moving… Read more
In recent years, the concept of what constitutes the workplace has undergone a fundamental change. This shift is fueled in part by workers’ desire to substantially improve their work-life balance. Many of these workers are very health-conscious and perceive value in movements such as ‘clean eating’ and ‘flextime’. Millennials, in particular, are committed to empowering themselves in their workplace with the goal… Read more
Coworking spaces — with their inherent flexibility and the intrinsic cost savings — are an ideal solution for today’s agile workforce. They have, to a measurable degree, supplanted the traditional office as the workplace of choice. Good to know then that in addition to shared, quality workspaces, many coworking businesses also offer fully-equipped, on-demand meeting spaces. Self-employment is very much a growing… Read more
In relatively short order, coworking has essentially transformed the way people work. By providing choice, flexibility and affordability, it has enabled millions to start their own businesses, grow an existing company or simply work on their own terms. In fact, coworking has fundamentally disrupted the commercial real estate sector globally. Predictably then, in light of Toronto’s historically low downtown office vacancy rate,… Read more
In an age marked by rapid change, technology continues to dramatically dominant the way life is lived, work gets done and leisure unfolds. Demand Exceeds Supply Beyond its pervasive impact on life in general, Toronto’s flourishing tech sector is squeezing the existing supply of the city’s office space…with no immediate reprieve in sight. As well, changing expectations find workers increasingly invested in… Read more
The Changing Face of an Industry These are significant days for the coworking segment of the commercial real estate industry. As the very nature of work has been redefined so has the actual physical workplace. Predictably, these combined changes have far-reaching implications for commercial real estate agents that go well beyond commission. At its most basic, the impressive growth and rapid expansion… Read more
The number of professionals choosing the many benefits of coworking over using a traditional office continues to grow across multiple disciplines and industries. GCUC’s, the world’s largest Coworking conference series, 2018-global-coworking-forecast projects there will be approximately 30,500 spaces and over 5 million members by 2022. With workers demanding greater workplace agility, coworking really is an ideal solution for corporations, entrepreneurs and remote/non-traditional employees… Read more
One of the clearest signs that the nature of work is evolving is the explosion of freelancers, independent contractors, contingent workers and virtual/remote employees. Coworking offers companies that rely on these non-traditional workers flexible, cost-effective options for managing this seismic shift. A recent report produced by the human resources consulting firm Randstad reveals non-traditional workers currently make up between 20 and 30 per… Read more
