An iO Partners analysis shows that five work models are currently defining the market: Office Centric, with 75% office presence and 1 remote day; Office Hybrid, involving 65% office work and 1-2 remote days; Hybrid, characterized by 55% office presence and 2-3 remote days; Hybrid Remote, with 45% office work and 3-4 remote days; and Remote, which entails 30% office presence and 4 remote days. 

“For companies with an office presence in the 30-55% range, the traditional model becomes inefficient – offices are underutilized, costs remain high, and engagement decreases,” according to the iO Partners analysis.

Laura Ene, Senior Consultant iO Partners, added that the return to the office needs to strike a balance, especially considering that employees cite the long distances and the lack of flexibility when returning to the office full time.

Globally, the coworking market counts over 25,000 locations with a combined value of $27 billion.