After COVID-19, Vietnam’s economy is regaining ground, and foreign investments are also showing indications of progress, particularly in Ho Chi Minh City. As a result, there will be an increase in demand for convenient, flexible offices. According to the real estate sector, the co-working space market is experiencing a number of potential trends that will carry over into the current year and have the ability to revolutionize the game.
- Niche Co-working Space
Ho Chi Minh City is a hub for the blending of cultures from all over the world, which has led to the growth of specialized co-working spaces as parts of broader office networks. The niche co-working space was created with features and services that catered specifically to a particular demographic. It contains areas for a few specialized sub-groups, such as spaces for women in leadership roles, tech-focused workspaces, wellness-based workspaces, artist-creative workspaces, or LGBTQ+ workspaces. By providing the tools and resources they require, co-working operators may embrace unique communities. These special places foster closer-knit communities and are more resistant to external pressures.
Growing technological adoption is expected to accelerate as a co-working trend. Co-working spaces benefit from technology by becoming considerably more powerful and effective.
Reservations for conference rooms can be fully automated using digital technology, which also provides space monitoring in case of problems. Simultaneously, staffing requirements can be decreased by using automated invoicing systems. Co-working environments will get even simpler as more technology is embraced. For this reason, every operator should prioritize tech adoption in 2023.
The need for office space as a result of the Ho Chi Minh’s efforts to draw foreign investors and open its borders to trade. This creating the emergence of the flexible workplace, which is the ideal substitute for firms seeking to enter the market and gain access to certain spaces and locations. So what are the trends for flexible office in HCMC this 2023?
- Flexible Office Spaces are becoming a potential market
In the simplest terms, flexible space enables businesses to lease smaller (or occasionally bigger) office footprints that are available for just brief periods of time through a shortened transaction procedure, thereby assisting them in becoming more agile. Even in the decade before the pandemic, the worldwide flex space market was growing quickly at an average annual rate of 22%, which was significantly quicker than the market for traditional offices at that same time. Flexible workspaces are also opening numerous doors for foreign companies and organization of all sized to come to Ho Chi Minh City which made this flex sector one of the most worth-invested sector in Vietnam.
- Designing is an essential sector
The need for flexibility is equally as necessary in the home setting where space is limited. The office environment has changed significantly, thus goals and tactical moves must also adapt. Workstations no longer end when you leave your chair, thus communal spaces that foster brainstorming, collaborative work, and human interactions in the workplace are now essential.
Open-plan layouts encourage open-minded approaches. Without erecting walls, modular and mobile zone-dividing systems make it easy to divide a room into zones and neighborhoods for different working styles.
The way we work now is more flexible than ever, so workplace design must be flexible too. More soft, low seating, more breakout areas that feel like living rooms, are perfect places to start.
W Business Center are proud to be one of the providers of flexible working space in Ho Chi Minh City with a minimalism design, focusing on green workspace, diversity and flexible meeting rooms and event space services. Join our community now to Work Differently!