Connect with us

Hi, what are you looking for?

Right Decision NowRight Decision Now

Business

IWG reports rise in UK workspace visits as hybrid working takes hold

The return to the office after the pandemic lockdowns gathered pace in 2022 as hybrid working took hold at British businesses and employees headed to desks in suburban locations, according to figures from the workspace provider IWG.

The average number of visits to IWG’s more than 300 UK workspaces climbed by 54% from January to November, as more workers split their time between home and office.

Footfall at the company’s flexible workspaces has risen by 25% since June as office-based workers have gathered together more frequently during the working week.

Tuesdays and Wednesdays remained the most popular weekdays for employees to work from the office, IWG found, and visits across these two days doubled from January to November. Workers are most likely to finish their working week at home and not attend the office on Fridays.

The cost of living crisis had led to employees choosing to work from office buildings closer to their homes to save on commuting costs, IWG found.

Suburban spots are among the company’s fastest-growing locations, and it said demand for workspaces away from busy city centres had increased by more than a third (36%) in 2022.

Bolton and Cardiff (both up 190%), Hemel Hempstead (140%) and Chelmsford (112%) were among the locations with the biggest rise in footfall, according to IWG. Smaller towns and cities in the south-east of England also did well, including Guildford, High Wycombe and Slough.

The majority of UK businesses have introduced some level of hybrid working since the pandemic, and official figures earlier this year showed that the vast majority of workers wanted to continue splitting their time between home and office after Covid.

IWG’s founder and chief executive, Mark Dixon, said: “Business leaders are confident that hybrid working offers a substantially reduced cost base as well as the ability to attract and retain the best talent.”

Forecasting hybrid working to accelerate further in 2023, Dixon said hybrid working “allows for colleagues to collaborate in person to drive innovation and new ideas”.

IWG said it was planning to add 1,000 new locations globally over the coming year, most of which will be in rural and suburban areas. In the UK, it has recently opened co-working centres in towns with populations of between 10,000 and 30,000 including Chippenham in Wiltshire, Redhill in Surrey and Evesham in Worcestershire.

Read more:
IWG reports rise in UK workspace visits as hybrid working takes hold

    You May Also Like

    Business

    The head of the International Monetary Fund has warned of increased risks to the stability of the financial system after weeks of banking sector...

    World News

    BEIJING — China landed an uncrewed spacecraft on the far side of the moon on Sunday, overcoming a key hurdle in its landmark mission...

    World News

    LONDON — Talks aimed at reaching a global agreement on how to better fight pandemics will be concluded by 2025 or earlier if possible,...

    World News

    SINGAPORE — Ukrainian President Volodmyr Zelensky’s unscheduled appearance at Asia’s biggest security conference dominated proceedings on Sunday after China’s defense chief slammed “separatists” in...

    Disclaimer: rightdecisionnow.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 rightdecisionnow.com | All Rights Reserved