THE FUTURE OF THE HYBRID STREET

MANY local communities are juggling the challenges, opportunities and success factors, facing towns and suburbs, as they seek to build and protect thriving communities around their high streets.

As the changing work patterns and increase of working from home and closer to home reduce the dominance of daily commute, leading workspace provider International Workspace Group (IWG plc) explores how local communities can create a more dynamic and sustainable future for themselves.

Today, a looming cost of living crisis across the world is likely to put further pressure on domestic budgets, cutting the discretionary spend that many shops and other high street businesses depend upon.

However, there is also a significant shift in working patterns as many employers are revolutionizing how they work to adopt a hybrid working model that enables their people to work from home or from a local office and only occasionally to visit their corporate head offices.

What this means is that populations are shifting away from city-centric living, causing workers to become more spread out and remain present in their local areas, thereby boosting local economies.

Demand for suburban workspace has risen by over 30 percent since 2020 and rural workspace by 20 percent while, in turn, demand for city center locations has dropped by up to 25 percent.

The latest community to benefit from the presence of a local flexible workspace is Angeles City. IWG, whose brands include Regus, Spaces and HQ, opens a new location in the commercial heart of the city: Nepo Center, bringing with it flexible space options that suit any type of business. Regus delivers high-quality professional office environments, meeting rooms as well as coworking and virtual offices.

Businesses of any kind or size can choose from a range of IWG membership options, whether they're a multinational company with thousands of employees (IWG already works with 83 percent of the Fortune 500), or an SME, freelancer or sole trader.

Coworking desks, meeting rooms and private offices can be booked for any number of hours, days or months via the handy Regus or Spaces apps. What's more, members can make use of IWG's global network with access to thousands of locations across more than 120 countries.

Hybrid working in the bustling Angeles City is a boost to the local community and represents a better work-life balance for individuals, looking to work closer to home. It is a boost for high street businesses as more people stay local. It is a way of working better for the bottom line of big business and a greener way of working that is better for the planet.

Find out more about how IWG's hybrid work solutions can support professionals and businesses at iwgplc.com.

Discover how Regus' hybrid work solutions can support professionals and businesses at Regus.com.

2024-05-03T16:44:05Z dg43tfdfdgfd