WeWork, Awfis, other co-working spaces to realign to meet new norms

BENGALURU:The co-working and managed office market is set to go through a major overhaul with new lease terms, redesigned office space and reconfigured daily operations as companies realign their businesses to successfully navigate the new business landscape amid the Covid-19 crisis.

Even as clients renegotiate rents, a few serve notices and demand for new office space falls, large firms such as Awfis Space Solutions, WeWork, Smartworks, CoWrks and Skootr are not only incorporating changes to floor space designs but also on-boarding some clients using short term contracts to deal with business losses.

Some of these firms are also allocating more open space to the existing facilities and even thinking of opening office in two shifts.