Breaking Business News | Breaking business news AM | Breaking Business News PM | Business News Select | SMPost | SMPostStory

Time to give up your office: 5 ways to make the most of co-working

23 Nov 2017

By Bronwen

This way for the office of the future: have you considered co-working? Picture: ISTOCK
Picture: ISTOCK

This way for the office of the future: have you considered co-working?

Ever considered not having an office at all – even if you’re the boss? Office arrangements are changing rapidly around the world as technology alters the way people work, and a new South African facility is making the most of this trend.

The rise of co-working – which refers to several individuals or organisations working independently in a shared environment but benefiting from logistical synergies – is a global phenomenon due to its cost efficiency, immediacy and flexibility. It has attracted certain kinds of businesses in particular, the obvious ones being freelancers and start-ups.

However, the sharing economy isn’t suited only to those on the rise, but also to those who have already reached the top.

Many senior executives need to work and meet clients regularly but don’t necessarily have their own offices. Responding to this with, Investec Property and workplace specialists Giant Leap have launched a South African first: FutureSpace, a suite of high-end offices on demand that cater for the highest calibre of business people. These facilities are seen as the “office of the future” for executives.

FutureSpace gives entrepreneurs, start-ups, freelancers and existing businesses easy access to fully equipped offices
FutureSpace gives entrepreneurs, start-ups, freelancers and existing businesses easy access to fully equipped offices

The FutureSpace executive wing offers all the benefits of co-working and much more, with its services tailored specifically to executives and high performers. This takes “co-working” into the realm of “pro-working”, the company says.

Every detail has been considered to meet executives’ needs, starting with the 2,600-square-metre facility’s address in the heart of South Africa’s financial hub – 61 Katherine Street, Sandton, Johannesburg.

There is an exclusive executive wing, a five-star business-class lounge, a concierge service, support staff, a gymnasium and 24-hour electronic security.

Fully equipped offices for executives are immediately available, taking the hassle out of booking arrangements. There are no set-up, maintenance or reception costs and no major lease constraints, with the executive office spaces designed for use from a month to a year.

So which executive-level activities will benefit from co-working? We’ve got the five main contenders:

1. Multi-company consulting

Executives often work across multiple interests and businesses. FutureSpace offers them the ideal work spaces in single-desk suites with self-contained support lounges, coffee bars with food, and boardrooms equipped with video-conferencing and presentation tools. High-speed fibre Wi-Fi is a given, of course. The offices are equipped with award-winning, ergonomically designed furniture that can be changed depending on users’ preferences. It’s also an ideal venue for high-level business meetings as it has the required amenities, privacy and security.

2. International business interests

For executives with global businesses to visit regularly, FutureSpace is more than just a top-quality business environment – it is where hospitality and business meet, thanks to the luxury-hotel-type experience that includes restaurant and hotel bookings, a luggage storage service and advice on the local area. The inaugural Sandton facility is the first in a network of such spaces across South Africa and internationally, starting in London. These will be in high-end locations and close to good transport links.

3. Merger and acquisition due diligence

When the stakes are high, office space needs to support agility and performance. FutureSpace is ideal for setting up teams involved in due diligence and major transactions, for example. It has everything they need to work efficiently and privately, supported by high-performance resources.

4. New offices, divisions and companies

Multinationals can quickly establish an office or division in South Africa, with immediate, hassle-free access to fully operational offices that support a nimble response to business opportunities. Executives, consultants, professionals, entrepreneurs and corporates all stand to benefit from FutureSpace’s plug-and-play convenience and flexibility.

5. Flexible project space

Consulting firms and big banks are constantly taking on new projects. FutureSpace affords them a means of housing consultants and contract staff for new or short-term projects.  Businesses can also hire the meeting facilities for the likes of strategic meetings and brainstorming sessions.

Beyond its executive wing, the FutureSpace offices meet a range of needs, with pricing ranging from R3,500 to R25,000 per month. Monthly memberships can be bought for the visitor area for drop-in visitors. All users can also gain access to hi-tech boardrooms, training rooms and lounges.


Read the full article here.
This content was originally published by Business Day. Original publishers retain all rights. It appears here for a limited time before automated archiving. By Business Day

Covid-19 – Johns Hopkins University

Download brochure

Introduction brochure

What we do, case studies and profiles of some of our amazing team.

Download