Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Business News

How Co-Working Spaces Are Profiting From The Recession

Chacha Wabara by Chacha Wabara
December 28, 2016
in Business News
This Nigerian Insurance Company Is Close To Going Bust
Share on FacebookShare on TwitterShare on Linkedin

Previously, the very thought of coworking spaces was repulsive to several companies and entrepreneurs. However, with the recession biting deep into the budgets of companies, more and more companies are looking to co-working spaces as a solution to accessing affordable office space.

This, in turn has led to the vibrancy of the real estate sector despite the lamentations of several other sectors during these harsh economic times. The cost of renting an exclusive office space in a choicy section of major cities nationwide is an Herculean task both physically and financially. Most of these locations are already filled up to the brim and any available space costs an arm and a leg, which is usually difficult for businesses to afford now.

Thus, new emphasis is being placed on coworking spaces which can come in either between 15 square metres to about 21 square metres, or one-man office, two-man office and four-man offices. Apart from its affordability and low cost, the model comes with payment flexibility and provision of some basic office facilities in a serene environment.

RelatedPosts

Outlook for the Lagos Real Estate market in the second half of 2022

Is Real Estate a good hedge towards inflation in Africa’s real estate?

Irregular power supply, high taxation, unwillingness of banks to grant loans to fund the business which requires close to N20, 000,000 to start, bad roads, low acceptance culture amongst Nigerians and insecurity in terms of location are some of the problems that coworking spaces solve for businesses.

The business is expecting to continue booming with more and more Nigerians depending on virtual offices, which grants them an office address and allowance to conduct meetings with clients. “People are now seeing the need for flexible model; to rent just what they need and for the time suitable for them. With the recession, some larger companies are scaling down, more people are working remotely and have smaller spaces”, Chief Executive Officer of Capital Square Workspace Solution Limited, Lekki, Mrs. Modupe Odunyemi stated.

News continues after this ad


Related

Tags: Nigerian recessionReal Estate News

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

inq
avatrade
Stanbic bank
Mega Millions
UBN
Hot forex
Access Bank
Bankers Committee
First bank






    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • FBN Holdings appoints Samson Oyewale Ariyibi, Patrick Iyamabo as executive directors
    • International Breweries gets NGX’s approval for free float compliance extension
    • Can Elon Musk buy Manchester United?

    Follow us on social media:

    Recent News

    The ABCs of Accessing Finance for your Business

    FBN Holdings appoints Samson Oyewale Ariyibi, Patrick Iyamabo as executive directors

    August 17, 2022
    Despite intensive advertising, International Breweries reported lower revenue and a loss 

    International Breweries gets NGX’s approval for free float compliance extension

    August 17, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Financial Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Metrics
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
      • Securities
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
      • Real Estate and Construction
      • Tech News
    • Economy
      • Get Data
      • Macro-Economic News
      • Research Analysis
    • Business News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com