COVID-19 has created massive changes in the commercial working environment. The pandemic has taken a bite out of commercial spaces, retail is getting decimated, and people are starting to reconsider office space. According to the IDC, 1.8 billion people in the workforce worldwide are working permanently two or more days a week outside their primary office space.

In this episode, Toby Mathis of Anderson Advisors talks to Frank Cottle, founder of Alliance, which has about 1,200 facilities representing 30-million square feet of space in 54 countries.

Frank is one of the largest players in the virtual office space and has a unique global management perspective. He has been in the service office industry and flexible workspace sector for 40 years.

Highlights/Topics:

Remote Work:

One day a week equals a 20% vacancy factor in commercial office space

Two days a week, it’s 40%

Today, most people now work three-and-a-half days a week at home

Corporate America: Office space isn’t needed; policies to work wherever you want

Who wants to commute? Nobody, especially when told not to take public transportation

Real Estate Cyclicality: Good and bad markets sometimes equal vacancy or waiting list

Repurpose Space: If not used for original intent, turn it into residential, retail, other uses

New Hybrid Office: Work from home, near home, or electronically commute to office

Property vs. Technology: Property companies require capital, don’t scale on same basis

Membership Care/Pass: Allows access to office facilities worldwide anytime, anywhere

Flexible vs. Fixed Office Space: Seek solutions to get away from inefficient fixed cost

Conference Rooms: Use for Zoom, Teams, Webex, GoToMeeting—it’s all ubiquitous

Constant Change: With every new lease and tenant, how can you make improvements?

Unreimbursed Business: Provide complete remote workspace technology or access to it

Dual Hybrid Model: When the government stops making rules, we’re back to normal

Virtual Office vs. Virtual Address: What’s the difference? Pay as-needed or 24/7

Office Space Models:

Classic: People, place, and technology provide business growth

Incubator: Same thing but provides mentoring

Accelerator: Does what an incubator, but provides access to capital

Resources:

Alliance Virtual Offices

https://alliancevirtualoffices.grsm.io/AndersonPodcast 

Allwork.space

https://allwork.space/

IDC

https://www.idc.com/

WeWork

https://www.wework.com/

International Workplace Group (IWG)

https://www.iwgplc.com/

Regus

https://www.regus.com/

Spaces

https://www.spacesworks.com/

UPFLEX

https://www.upflex.com/

Deskpass

https://www.deskpass.com/

Collo

https://www.upwork.com/l/dz/freelancers-in-collo/

Alliance Access

https://www.swift.com/our-solutions/interfaces-and-integration/alliance-access

Tony Hsieh’s American Tragedy: The Self-Destructive Last Months Of The Zappos Visionary

https://www.youtube.com/watch?v=lBZt_wngSQA

Zoom Rooms

https://zoom.us/zoomrooms

Microsoft Teams

https://www.microsoft.com/en-us/microsoft-teams/log-in

Cisco Webex

https://www.webex.com/

GoToMeeting

https://www.gotomeeting.com/

Cube

https://cube-usa.com/

Flexi Zone

https://www.nokia.com/networks/products/flexi-zone/

BizSpace

https://www.bizspace.co.uk/

Novel Coworking

https://novelcoworking.com/

Clean Air Act

https://www.epa.gov/clean-air-act-overview

Schedule A

https://www.irs.gov/forms-pubs/about-schedule-a-form-1040

Office Evolution

https://www.officeevolution.com/

Venture X

https://venturex.com/

All Good Works Foundation – Office Leasing Meets Nonprofit

https://andersonadvisors.com/podcast/all-good-works-foundation-office-leasing-meets-nonprofit/

Toby Mathis

https://andersonadvisors.com/tobymathis-2/

Anderson Advisors

https://andersonadvisors.com/

Anderson Advisors Tax and Asset Protection Event

https://andersonadvisors.com/asset-protection/

Anderson Advisors on YouTube

https://www.youtube.com/channel/UCX5nh607M8hSBLiMB9MgbIQ