For the past several years, there has been a sharp increase in remote work. In fact, leading up to 2020, this trend was already well on the rise. From 2005 and 2017, there was a 159% increase in remote work. Advances in technology through programs like Zoom and Microsoft Teams, along with breakthroughs in internet speed and accessibility have made the transition to remote and virtual work much more attractive to businesses and entrepreneurs alike. With the successful forced experiment of remote work during the COVID-19 pandemic, many executives have come to realize the benefits and value of a virtual workspace.

The Perks

A recent poll shows the overwhelming majority of office workers would like to continue working remotely, at least partially, post pandemic. Among the perks enjoyed by employees working remotely are saving money on gas and clothing, a more flexible work schedule and less time spent commuting. Employers have been swayed by an overall increase in productivity and performance, employees using fewer sick days and a drastic reduction in office space overhead.

The Pitfalls

While the popularity of a virtual workspace is growing, it isn’t without drawbacks. Remote workers have reported feelings of isolation and difficulties with communication or collaboration with team members. Working from home presents its own challenges in that there can be frequent distractions, particularly if there isn’t a private home office or workspace. Noise from children, pets or other family members can disrupt video calls. It can also be more difficult to unplug from work, with some employees finding it difficult to stick to regular work hours or take breaks.

The Future

Virtual offices and remote work are undoubtedly here to stay. Because they recognize the undeniable benefits of remote work yet value the office camaraderie of a shared workspace, more executives are turning to a hybrid business model of both virtual and in-person work. This has led businesses to turn to the best of both worlds, the shared workspace. With a shared workspace, workers maintain the flexibility of working remotely, while having access to amenities and a designated office with privacy and fewer distractions. There are also the added benefits of having a conference room available for team or client meetings and a fraction of the cost of traditional office space.

Whether for a team, company or entrepreneur, e|spaces is the ideal workspace solution. We offer meeting, office and coworking space, in addition to free parking, 24/7 access, WiFi and IT support. Our conference and meeting rooms come fully equipped with everything needed to have a successful presentation or brainstorming session. Visit espaces.com to join a location near you.