63% of Irish firms consider co-working a long-term option
The latest research by Regus shows that more than half of Irish SMEs view co-working as a long-term option for companies, enabling them to remain flexible, adaptable and agile.

Co-working is now considered a long-term option for businesses instead of a temporary solution according to the latest research by flexible workspace provider, Regus.



In a survey of almost 40,000 Regus survey respondents, nearly two-thirds said they are seeing more firms integrate co-working into their long-term strategy and 63% of Irish respondents agreed.

According to Regus, incorporating co-working into their long-term plan is not only seen as a cost effective alternative but helps businesses remain agile and responsive to sudden market changes that are rife in the volatile global economy.

Business people report that firms are renewing existing co-working arrangements or making new contracts because they offer scalability, shorter terms than fixed leases and help grow the business sustainably.

Over half of Irish SMEs continue to be keen users of co-working space (56%) and almost two-thirds of Irish business professionals (67%) report that firms are renewing co-working agreements because they offer the opportunity to scale operations up or down rapidly without incurring extra costs.



CEO of Regus, Mark Dixon said, "Using a shared workspace provides businesses with a sustainable route to growth. Co-working allows businesses to expand rapidly without committing to lengthy leases, and adapt to changing circumstances in a flexible way."

He added, "The rise of co-working represents a real opportunity for corporates as well as smaller businesses, as they can use this solution creatively in a way that suits their needs. Moreover, co-working helps companies free up capital to invest in growth initiatives."

Source: www.businessworld.ie

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