In the wake of the COVID-19 pandemic and the surge in employees working from home, a new phrase has sprung up:
WNH, or ‘work near home’.
Derived from WFH (work from home), this new concept is being seen as a solution in our efforts to find that new normal.
Many companies will refrain from allowing their full workforce to return to the office for some time, if at all! In fact, some larger conglomerates have stated that they will encourage their staff to work from home as much as possible in the future.
The Benefits for Companies
Implementing shared office spaces throughout Sydney can and will have a number of benefits for businesses.
The most important benefit for businesses in this situation is the potential to save money on renting commercial office space in Sydney.
Rather than renting floors in a larger commercial premises, businesses will be able to pay rent on a desk by desk basis in coworking spaces.
Alternatively, if businesses decide to set up smaller satellite offices around the city, they’ll be more cost-effective and versatile.
As well as that, employees with more flexibility will be happier with their employer and more satisfied at work.
This will inevitably result in a boost in productivity, as well as more efficient practices. That’s a bonus for any business!
The Benefits for Employees
There are a number of reasons that the concept of working near home appeals to employees. Most notably, a much shorter commute will be a breath of fresh air for many workers, especially those living in the outer suburbs.
This can boost their productivity and workplace satisfaction. Moreover, employees will report better mental health.
These benefits will go a long way to ensuring your workers are happier in their roles, which is a great result.
What are the Downsides?
However, there may well be some downsides to the concept of WNH.
There are potentially issues with sourcing adequate commercial space, especially in suburban areas.
This will involve hunting for that space, working out needs and negotiating a new Sydney commercial lease.
As well as that, businesses may find themselves overstretched trying to manage a variety of workspaces, especially those run by other organisations.
Though there are a few negatives, the positives are far more prominent. For that reason, it’s essential you begin to take steps to prepare your Sydney business for the future.
To discuss commercial office space in Sydney, get in touch with Niche Tenant Advisory here.
