March 2021
The impact of the pandemic on the coworking space market can initially be assessed as negative. Unlike classic office tenants, who most often enter into 3-5 years long-term leases, coworking space clients often use daily or monthly subscriptions that are easy to terminate. Sharing an office with strangers in a pandemic can neither be perceived as the safest epidemiological solution.
Nevertheless, new premises entered the market in the turbulent 2020. And, following the global experience, with more companies moving to decentralized office space solutions and maintaining a semi-remote mode of operation, demand for coworking space could return and their growth could continue.
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