2018 02 09
By 2030, co-working spaces will make up 30 per cent of the office space in Europe, and the number of employees without a fixed workplace will be on the rise. According to the data of the international real estate consulting company Newsec, co-working spaces currently account for less than 4 per cent of the office space in Vilnius, with the price per workplace in them ranging from EUR 80 to 450 per month.
Experts who spoke at the real estate technology conference CORE underlined the rapid development of co-working spaces as one of the key tendencies this year. The demand for the spaces of such type is rapidly climbing up every year. That is why nearly all new offices already have them today, while some of them dedicate a significant share of the total area for co-working spaces.
“There are already 16 co-working spaces in Vilnius, with the area totalling around 22,000 square metres. These spaces are not only available in the central business quarter in Vilnius but also in other suburbs; the average area dedicated to a co-working space makes up approximately 1,300 square metres. There are around 150 workplaces in such a space on the average,” says Martynas Babilas, Head of Corporate Solutions Baltics at Newsec.
According to Mr Babilas, there are also several segments of spaces: general-purpose spaces established in large office buildings, such as Workland, Uma, B Easy, Monday and Regus Park Town, as well as purpose-built spaces bringing together professionals from different industries, which are housed in individual objects, such as Rise Vilnius, Pakrantė, NVO Avilys, Vilnius Tech Park, Fridge, Work Inn.
Vilnius Tech Park is home to the largest co-working space, with the area covering over 9,000 square metres. Other larger co-working spaces include Workland situated in Gedimino avenue, Baltic Business Centre located in Konstitucijos avenue, Regus Park Town in Lvovo street and Uma Ozas in J. Balčikonio street.
According to the Head of Corporate Solutions at Newsec, the growing popularity of co-working spaces reflects the changing labour market.
“In 2018, the major requirements of tenants include flexibility and office adjustment to individual needs. Employees do not only want to choose at what time and in which part of the city they prefer to work but also to pay as little attention for office maintenance as possible by simultaneously getting the highest office quality. As co-working spaces can meet these requirements, their popularity is on the rise,” explains Mr Babilas.