IWG: Global Workplace Survey on Flexible Work

In the modern world we live in, flexible work has evolved into a highly beneficial aspect for the workforce population. The demand to have flexible work as an option in peoples’ jobs is rapidly rising. Not only are employees demanding flexible work, but business leaders are also globally encouraged to offer flexibility due to its perceptible success with their employees. The old norm of working 9 to 5 in an office cubicle is being overcome by the concept of flexibility. Employees relatively show higher levels of happiness, engagement, and productivity as a result of being able to work not just flexible hours, but also in flexible spaces. This includes working from home, cafes or libraries rather than solemnly being in the same office 24/7, five days a week.

In order to accurately calculate the statistics behind the benefits of flexible work, IWG, conducted a global workplace survey. The survey consisted of users from their numerous worldwide offices, taking into account the responses of approximately 15,000 participants across 80 countries.

Key Findings

Perhaps the most substantial findings of the survey were that an astounding 85% of respondents perceived higher productivity in their businesses as a result of implementing flexible working standards. This shows that higher efficiency can be achieved by properly stimulating flexibility. Respondents indicated that this efficiency relates to some factors such as commuting and work environments. Many employees tend to go through long commutes to get to work and often leads them towards lower productivity. Some of them describe their commutes as “the worst part of their day”. Offering them the ability to sometimes work from home or a location that is situated closer to home. Some employees feel dissatisfied when working in the same office on a daily basis. Therefore, the ability to work in different environments allows them to often feel reconciled and more motivated to work efficiently.

One of the key findings of the survey is that a global average of 77% of companies use flexible working benefits as an incentive to attract and retain talented employees. A few countries that rank amongst the highest in this global average are Australia, The Netherlands, and Canada. The previous figure correlates to a finding from respondents that 83% of people would be more inclined to choose between two job offers if one of them offers flexible working standards.

Challenges

Whilst flexible working proves to be a successful factor in increasing productivity of employees, businesses need to ensure that they properly implement this concept in order to reach that higher level of productivity. For example, providing their employees with proper equipment for remote work is a crucial aspect. Some businesses expect professional work from their employees, whilst not providing them with the professional equipment to accomplish that. This shows that by offering flexible work, a business must also invest in providing their employees the proper equipment.

Another important challenge that businesses face through flexible work is data security. It is easy to fear data breaches when working from remote locations. This raises a possible threat for some companies that then need to further implement precautions to prevent something like this from happening.

Want to read more about various concepts that redefine the workplace? Check out our previous blog post here , or read more about how IWG came to partner up with SALTO KS.

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SALTO KS provides a flexible access control management system that requires no software installation or the added expense of a fully-wired electronic product. Modern cloud-based, wireless access control system is easy and simple to use for businesses including Coworking Spaces, Coliving Buildings, Purpose Built Student Accommodation, Retail, Multi-Tenant Housing, Gyms and many more. Our best in class wireless access control solution and smart locks guarantee the efficiency for your business. Integrate smart locks, start easily managing wireless access control now!

Top 5 coworking spaces in Amsterdam

You need to find some peace and quiet to work or a change of scenery to let the creative juices flow, right?

Coworking spaces are always a good idea! Coworking spaces are booming all around the world, including Amsterdam.

That’s why we made a top 5 of the most outstanding coworking spaces in Amsterdam, to help you pick the right one for you!

1. Regus

Regus is the world’s largest provider of flexible workspace solutions, with customers including some of the most successful entrepreneurs, individuals and multi-billion dollar corporations. It is ideal for larger companies that are looking for a more corporate environment, with opportunities to use multiple workspaces around the world. Currently, all new Regus business centres opening around the world are using the Regus access control app.

Several locations throughout the world: http://www.regus.nl/workspace/Amsterdam

2. Spaces

Spaces, born in Amsterdam acquired by Regus, has beautifully designed coworking spaces measured to your needs! Whether you need a cosy get-together nook, a large lunch table or a small phone booth, anything is possible at Spaces! It provides a less corporate, more hip working environment compared to its ‘big brother’ Regus. Just like Regus, Spaces is also a customer of SALTO KS.

Several locations in Amsterdam, Den Haag, Rotterdam and throughout the world:
 https://www.spacesworks.com

3. TQ

‘A curated tech space in the centre of Amsterdam’. TQ has become the heart of the Amsterdam startup community. During the day you can find yourself working in one of the meeting rooms, and at night having a beer in TQ’s own bar, while attending an interesting meetup. This is no surprise since TQ was founded by The Next Web. TQ is all about helping your startup grow and focus on what’s important, by providing a productive workplace with a big international network.

Singel 542, Amsterdam: 
https://tq.co

4. The Thinking Hut

A true coworking space for the creative individuals! This old horse stable was built in 1912 and renovated in 2012 by a group of friends who decided they needed a place where they could work on their projects while meeting creative like minded people. The Thinking Hut was born. On your break, you can stroll through the lovely Oosterpark. A meeting room can be booked per hour, but if a day pass is more your thing: no problem! The Thinking hut is a very cosy creative coworking space where you most certainly will come up with a new life-changing idea!

Mauritskade 55c, Amsterdam: 
http://www.thethinkinghut.com

5. Zoku’s social spaces

Zoku is the international living room of Amsterdam! What makes Zoku different from others is that it offers flexible home/office hybrid apartments in Amsterdam with communal working areas. They have an impeccably designed space on the top floor of a hotel. It feels light and warm. When it’s a summer day you can sit in one of the glass houses on the roof terrace or hang in a hang mat to think your presentation over. Whether you sit in the living room, game room or at the large kitchen table everyone feels welcomed at Zoku!

Weesperstraat 105, Amsterdam: 
 https://livezoku.com

Top 5 coworking paces in Amsterdam

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SALTO KS provides a flexible access control management system that requires no software installation or the added expense of a fully-wired electronic product. Modern cloud-based, wireless access control system is easy and simple to use for businesses including Coworking Spaces, Coliving Buildings, Purpose Built Student Accommodation, Retail, Multi-Tenant Housing, Gyms and many more. Our best in class wireless access control solution and smart locks guarantee the efficiency for your business. Integrate smart locks, start easily managing wireless access control now!

The key to attracting and retaining millennial tenants

Millennials account for a large part of the world’s total population. People from this age group have experienced a lot in this time-span and still have the rest of their lives to enjoy. Millennials would currently fall under the age group of about 23 to 35 and are finishing up university or newly entering the workforce to become active working professionals.

At this stage in their lives, millennials are much more likely to rent homes rather than buying. They don’t feel the urgency to buy and lean towards renting. Also, the younger millennials have probably had to experience increases in costs of tuition fees at universities, so a lot of younger millennials with student loans are already high in debt and prefer to clear that first. As a result, landlords and lessors have a high market with a lot of potential tenants, mostly consisting of millennials.

In the modern rental market, landlords cannot simply rely on providing housing with basic amenities anymore. Millennials are now adapting to certain lifestyles that they want to implement in their homes. This means that the homes they are looking for must suit their needs and have several different facilities in order to be satisfied with them. For this reason, millennial renters tend to look for several aspects in a home before deciding to sign a lease.

The main aspects are mentioned as follows:

Price

To begin with, the aspect of price stands true for any renter regardless of their age group. An unfair leasing price will draw away the interest of most renters. However, millennials look for a lot of amenities in their homes that they need. If they see that a home provides a lot of amenities and benefits to offer, a lot of them would not mind paying a higher price if it means higher comfort in their homes. As a lessor, focusing on this area could prove very beneficial and attractive to a millennial tenant.

Location

Location is also a clear relevance for any renter, but how exactly is it relevant to a millennial? Well, the things that millennials prioritize about the location of a home is their proximity to the community around them. This means that things such as entertainment, bars, parks, universities, libraries, and their work should be something within close proximity to their homes. If not close, then it should be something that at least has a decent public transport connection. As a landlord, if you are renting out a home in a central location, that would be your main selling point and has to be market as efficient as possible (through millennials main news resource social media for example) to your prospective tenants and you are guaranteed to get multiple applications!

Dogs, Cats, Hamsters... Be Pet-Friendly!

Did you know that an incredible 73 per cent of millennials today currently own pets? Yes, the statistic is really that high! So, if you want to lease a home to a millennial tenant you need to accept that there’s a high chance your tenants have pets and will turn your home in a pet-friendly place. In fact, according to this article posted by CNBC, millennials will not hesitate to lose interest in a home that is not pet-friendly and make this a priority in their decisions. So overall, not only does this increase a millennial tenant’s chances of accepting your lease but it also greatly expands your market.

Be Environmentally Friendly

Another important thing to consider is that lots of millennials like to live an environmentally friendly lifestyle. They are aware of environmental crises occurring globally and do their best to make changes that are more sustainable and eco-friendly. Turning your property into an energy saving home can be a big advantage as a landlord. This can include solar panels, energy-saving utilities (energy saving light bulbs for example), recycling bins, etc. Also, offering secure bike storage for tenants who prefer to bike over travelling by car, an option they know heavily reduces their carbon footprints.

Amenities/Appliances

Perhaps a very critical aspect in a millennial tenant’s decision to rent a home is the amount/quality of amenities that come along with it. Understanding what your prospective tenants are looking for is a great advantage. This can include things such as furnishing, in-unit washing machines, dishwashers and parking areas. This can play a crucial part in securing a tenant. For example, in the state of California, providing refrigerators for tenants is not included in their habitability laws. Therefore, providing one is already an advantage for a landlord. Overall, the point is to understand what amenities your tenants are looking for and be able to provide them with that.

Communal Spaces

The final aspect and certainly a critical one is communal spaces. Think of student housing for example. Student houses or dorms always have common lounges where tenants can gather and hang out. Now, by applying the same idea to your property, you’ll also be providing your millennial tenants with the same value. Tenants don’t only want to have a good apartment, but also a good community. Communal spaces help them integrate with neighbours and be able to interact during their free time.

Wondering how you can attract millenial renters by taking care of a carefree user experience? Contact us.

We are happy to inform you about the many posibilities!

Read for instance how the Alpha Phi sorority takes care of their access control security here.

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SALTO KS provides a flexible access control management system that requires no software installation or the added expense of a fully-wired electronic product. Modern cloud-based, wireless access control system is easy and simple to use for businesses including Coworking Spaces, Coliving Buildings, Purpose Built Student Accommodation, Retail, Multi-Tenant Housing, Gyms and many more. Our best in class wireless access control solution and smart locks guarantee the efficiency for your business. Integrate smart locks, start easily managing wireless access control now!

How smart is it to invest in the Student Housing industry in Europe?

The increase in students attending higher education has led to a massive restructuring of the student housing industry. Over the last decade, the student-housing market has rapidly grown and seen various record levels of investment. This is mainly due to the increase in enrolment of students in higher education institutions. Not only this, but the number of international students in Europe has also been on the rise.

In 2014, there were a total of 4 million international students studying in Europe. By 2020, the total number is expected to surpass 7 million international students, which clearly indicates an incredible growth. Moreover, because of high rental prices for private housing markets, the demand for affordable student housing is rising. Most students, especially international and foreign exchange students prefer to live in student housing facilities. As a student, living in a student housing facility, or dormitory offers you the opportunity to interact with fellow students and get to know them better.

It is a straightforward way to build a social lifestyle at university outside of the campus itself. Events usually take place at dormitories, which also helps aid with the level of interaction between students. For international and foreign exchange students, this is a pretty vital aspect considering the usual scenario where they move to a new country and do not know anyone there, making student housing facilities and the social atmosphere very fundamental for them.

Overall, the relevance of student housing is depicted here so far, but what exactly makes it a good industry to invest in?

Further in this blog, several nations are analyzed on their student housing markets and the opportunities they offer for investments. All data recorded has been researched by JLL.

Germany is widely known for its ability to attract a great number of international students from all over the world, mainly as a result of the country’s low tuition fees and quality of education. Germany possesses the largest student population in all of Europe. Not only this, but over the last decade, the total number of students in Germany has risen by 28%. Amongst this statistic, only 1% is made up of part-time students, clearly depicting a high demand for student housing in the nation. Unlike the high demand for student housing in Germany, the level of supply is not that great due to the large number of students. Because of this, some students rent shared apartments or studios from private housing markets. With an increase in supply of student housing, the profit from investments is almost certain.

The Netherlands is one of the most popular destinations for international students in Europe. In fact, the number of international students in the Netherlands has actually risen by an incredible figure of 164% over the last decade, indicating a clear high demand for student housing in the country. Since it is very uncommon for universities in the Netherlands to have their own student housing facilities, the market is mostly occupied by private businesses such as DUWO, The Student Hotel, and XIOR Student Housing. The Student Hotel and XIOR have been investing well in Dutch student housing over the last few years, with several new locations being opened across the country. Moreover, supply levels for student housing are pretty stable in the Netherlands. However, rent prices can be pretty costly for students, especially in the Randstad region that includes Amsterdam, The Hague, Rotterdam, and Utrecht, which all possess a very large number of student populations. Because of this, investing in building student-housing facilities at lower rent prices would be a pretty profitable and popular choice for students

Spain is another famously known country for its student body. The country is a popular destination mainly due to its year-round sunny weather and social life of students. As a result, a large number of students are doing their Erasmus semester studies abroad in Spain: Mainly in Madrid or Barcelona. Supply for student housing in Spain does not stand at a positive level. Approximately 5% of all students live in PBSA (Purpose Built Student Accommodation), and most of those usually stand at a full occupancy level. This highlights the relevance of increasing the supply of student accommodation, especially for internationals. Not only this, but with rent prices being quite high in cities like Madrid and Barcelona, Spanish students tend to remain living at home with their families. Investing in this market for a higher supply of affordable student housing would be very profitable for students in Spain.

The previous countries were analyzed on their status in student housing markets and the potential for further investments. The figure above also depicts the levels of supply and demand. Although only a few countries were listed in this blog, other countries such as the United Kingdom, Italy, and France also possess similar prospects. Some countries already have major players of student housing in these markets, but the opportunity for entry is still there and is a profitable choice.

Overall, not only does investing in student housing in these markets make a profitable benefit, but it also provides students with the opportunity to find more affordable rent and be part of a socially integrated student body. .

Create the perfect customer experience for your students by implementing SALTO KS into your business. Contact us for more information..

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SALTO KS provides a flexible access control management system that requires no software installation or the added expense of a fully-wired electronic product. Modern cloud-based, wireless access control system is easy and simple to use for businesses including Coworking Spaces, Coliving Buildings, Purpose Built Student Accommodation, Retail, Multi-Tenant Housing, Gyms and many more. Our best in class wireless access control solution and smart locks guarantee the efficiency for your business. Integrate smart locks, start easily managing wireless access control now!

More than fixed desks and WIFI: The future of coworking spaces

Coworking spaces are an integral part of future non-standard forms of employment and are expected to be transformed to host more people from diverse backgrounds under one roof. But where is this transformation leading to? We present three trends in the coworking market that will shape our understanding of work.

When the first official “coworking space” opened its doors in San Francisco in 2005, it had a capacity of five to eight desks available for two days a week. Since that time an exciting evolution has taken place with coworking spaces taking the shape of office blocks, abandoned factories and coffee shops. The estimates of the Global Coworking Survey 2018 show that the number of coworking spaces is getting closer to 19,000 and 1.7 million people will be working in these spaces by the end of this year!

Looking beyond the official records of the first coworking spaces, the concept of coworking hubs as a centre of innovation dates back to the 15th century. Bottega workshops based in Florence hosted scientists, architects, engineers, sculptors and painters to share knowledge and improve their craft. Regardless of time and location, coworking spaces have strived and they are not going to stop anytime soon with an expected number of 3.8 million members by 2020.

Formation of new ecosystems Deskmag states big players in e-commerce push demand for physical retail space to go down, big-box retailers realize the necessity to innovate their business model for the shopping centres. A key element of their diversification strategy for 2030 is coworking spaces. Retail outlets are developing their own coworking brands and form retail-tech ecosystems that host coworking, events, demos and pop up shops. Bespoke, 40,000 square feet at Westfield San Francisco Centre, is one of the examples of a retail ecosystem where corporate and start-up members work together across industries such as payments, artificial intelligence, retail analytics, virtual reality and e-commerce. This emerging trend is not dependent on geographical location. From San Francisco to Melbourne, from Moscow to Shanghai, it is a chance to be embraced on a global level.

bespoke

Coworking spaces are transforming into social clubs Results of the Global Coworking Survey 2018 indicate that one of the most anticipated trends in the market is the development of niche coworking spaces and the diversification of its offerings. There is an increasing demand for coworking spaces catered for needs of a specific community. One of the perfect examples of a niche space is the Wing, a women-only coworking space and a social club. Launched in 2016, the Wing has started from a stunning location in New York. Now it is expanding to Los Angeles, San Francisco and Seattle and going international to London and Toronto. Started as a coworking space for young female professionals, the Wing has transformed into a startup factory. Considering fast growth rates and long waiting lists for speciality hubs, working with professionals from complementary industries helps people to push their level of expertise, performance and innovation to a higher level.

We are looking forward to see more niche coworking spaces that contribute to more diversity!

the wing

Cooperation instead of competition Coworking spaces not only represent a creative solution for business model innovation for the retail industry. While tech giants Google and Cisco expressway have shown interest in the coworking market, corporate real estate players plan on implementing coworking spaces. Bosch and its Platform 12, a major innovation hub, launched The Chicago Connectory, an IoT innovation and co-creation space. The fifth largest construction company in the world, Skanska, is going to open Scandinavia’s largest innovation hub. A partnership between corporate real estate firms and coworking market is going to result into well-serviced environments, more beautiful spaces and better user experience. Amsterdam-born Spaces, one of the largest providers of coworking spaces in the Netherlands with the international presence in London, New York, Melbourne and Sydney, follows the same strategy. In partnership with Facebook and Uber, Spaces has been transformed into “working club” where ICT companies, legal and financial institutions and freelance community can collaborate and transfer knowledge. More exciting partnerships are to be formed and coworking spaces are becoming the playground for large-scale acquisitions and nurturing potential industry disruptors.

bosch

A shift towards the creation of new workspace experience requires an efficient way of managing coworking spaces. One of the starting points for better usage of commercial space is to secure your space with smart lock technology.

Get to know more about SALTO KS wireless access control and how companies have successfully integrated their existing management tool with SALTO KS here.

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SALTO KS provides a flexible access control management system that requires no software installation or the added expense of a fully-wired electronic product. Modern cloud-based, wireless access control system is easy and simple to use for businesses including Coworking Spaces, Coliving Buildings, Purpose Built Student Accommodation, Retail, Multi-Tenant Housing, Gyms and many more. Our best in class wireless access control solution and smart locks guarantee the efficiency for your business. Integrate smart locks, start easily managing wireless access control now!

Are Coworking spaces the new startup garages?

One of the most common things about startups is how they all began in someone’s parents' garage or basement and from there developed into the prosperous companies they are today. In order to become such a prosperous company, a very important aspect is to have a stable workplace where staff members can fully focus and are enabled to collaborate. Therefor distractions that often occur at home that can affect the overall progress need to be eliminated. However private offices can be pretty costly and tend to exceed the usual budget of a startup. Here comes in: The coworking space.

Coworking spaces are an exciting way to organize a workplace. A shared office environment allows for a sociable work environment where different people in the business industry can share ideas and have the opportunity to network. Coworking spaces are not just a bunch of desks in a large space with access to high-speed Internet; they are an affordable, inspiring, and exciting work environment.

We’ve gathered the main advantages of co-working spaces:

Convenience

It is a well-known fact that managing an office is hard. With energy bills, dealing with daily management issues, and cleaning services, one may not find enough time to manage an office and get actual work done. For that reason, coworking spaces are convenient as all these things are being handled and therefore you have a greater focus on your work.

Growing your business

The key to a successful business is making the right connections and being able to network. Coworking spaces provide the opportunity to meet people from various backgrounds and industries. These spaces make it easier for people to connect and collaborate. Co-working spaces encourage business connections and bring people from distinct backgrounds into the same place allowing them to join forces. In other words, coworking spaces are a great place to build partnerships and clienteles!

Affordability

Renting out an office space is expensive and time-consuming. It has been proven that co-working spaces are more affordable and comfortable for smaller business as everything is taken care of. When it comes to co-working spaces, one does not need to worry about setting up Internet and electricity; all you need to do is pay for the membership and enjoy the available facilities.

Boost Creativity

In coworking spaces, you often find a collaborative and inspiring environment where you can see others putting in hard work and dedication into achieving their goals and dreams. Observing this dedication subconsciously leads to an increase in motivation to work hard and be more productive. In addition, the open space allows for ideas to flow around easily leading to a boost in inspiration and novelty of ideas.

Freelance Talent

A problem that start-ups face is that they are not able to have permanent staff due to instability. For that reason, they mainly rely on finding freelancers. However, finding the right freelance team may not be easy. Nevertheless, it is a well-known fact that coworking spaces flourish with freelancers from countless industries. You might even be able to find the right person for the job sitting at the desk right next to you! Another advantage of this is that you can discuss your ideas and needs at any time since you’ll be sharing an office.

Coworking spaces have proven to be fruitful, convenient, inspiring and affordable and hold many benefits allowing for more productivity and efficiency. It is safe to say coworking spaces are the garages and basements of tomorrow.

IWG (International Workspace Group) is the holding group for different workspace brands including Regus and SPACES, among others and an example of a coworking space community that hosts a ton of freelance talent, networking opportunities and enables creativity.

More on coworking? Find out which trends redefine the way we work here or find out the top 5 coworking spaces in Amsterdam here!

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SALTO KS provides a flexible access control management system that requires no software installation or the added expense of a fully-wired electronic product. Modern cloud-based, wireless access control system is easy and simple to use for businesses including Coworking Spaces, Coliving Buildings, Purpose Built Student Accommodation, Retail, Multi-Tenant Housing, Gyms and many more. Our best in class wireless access control solution and smart locks guarantee the efficiency for your business. Integrate smart locks, start easily managing wireless access control now!

Top Student Cities in Europe

University is a very important part of any person’s life. It’s the time where we begin a chapter in our lives that leads us towards our futures: Academically and socially. Students tend to mainly select their university destinations based on the quality of the education they will be receiving and the city they would be studying/living in. Alongside this, other factors apply such as student experience, affordability, social inclusiveness, city environment/life, and connectivity. Whilst academics possess great importance, a social life to balance it with also plays a role in a student’s mental health and ability to feel empowered. Combined these factors play a big part in deciding a destination.

The Class of 2020 conducted a study in which they analyzed the top 20 student cities in Europe and why these particular cities have proven to be popular destinations for students. This is what we distilled from the study:

Number one student city

Due to its high scores in social inclusiveness and affordability, Berlin has been ranked as the number one student city in Europe by The Class of 2020. More specifically, Berlin excels in maintaining low rent prices for student housing, a numerous and countless variety of social events across the city, and the high ability for international students to receive visas to stay in Germany and pursue their careers. Furthermore, Munich comes in second place as the best student city in Europe, in which the city environment category was weighed at a perfect score. Germany clearly controls this list by retaining the top 2 spots. Portugal also has a good standing point in this study, with its cities Lisbon and Porto claiming the third and fifth spots.This is due to their high scores in areas such as social inclusiveness and city life. Also, both Lisbon and Porto score very well in terms of affordability, with Porto being the only city in the study clinching a perfect affordability score due to low rent prices and costs of living.

Affordability

Other cities in the top 10 of the list include Amsterdam, Vienna, Paris, and London. Amsterdam’s highest scoring points are social inclusiveness and city life. However, Amsterdam does score pretty low in terms of affordability. This is due to the immense popularity of the city amongst tourists, making it a costly destination. In addition, it’s no surprise that Vienna is also included in this list of top student cities. For the last few years, Vienna has been globally ranked as the world’s most liveable city. Vienna is very rich in culture, history, and lifestyle. City life almost never gets dull and there’s always a bunch of social events to attend. Also, Vienna is quite affordable in terms of rent prices and costs of living. There’s no scarcity in student housing in Vienna so it’s also pretty simple for a student to find a suitable accommodation. Moreover, next of the list are Paris and London. Both of these cities have their highs and lows. The highs include positive social atmospheres and great scores in city life. However, the lows, which are quite expected, are affordability. Rent prices are relatively high, as well as costs of living. While these two cities can be very fun to live in, one must be prepared to have high financial costs.

Weather

Next, Spain is also a country that possesses a number of cities on the top 20 ranking. These cities are Barcelona, Valencia, and Seville. Students tend to mainly be satisfied with the constant sunny weather and affordability of these cities.

Overall, the ranking of the list seems pretty conclusive in terms of which cities are the top destinations for students. Besides the quality of education, affordability and city life to come out on top as the most vital aspects of what makes a city a good student city. As previously mentioned, Berlin and Munich come out on top in this case whilst other cities fall a little short but still with good scores. Germany, Spain, and Austria possess factors that outdo other cities, these countries possess the best student city destinations in Europe.

Find out how to tackle student complaints if you are an owner of a Purpose Based Student Accomodation in this blog post.

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SALTO KS provides a flexible access control management system that requires no software installation or the added expense of a fully-wired electronic product. Modern cloud-based, wireless access control system is easy and simple to use for businesses including Coworking Spaces, Coliving Buildings, Purpose Built Student Accommodation, Retail, Multi-Tenant Housing, Gyms and many more. Our best in class wireless access control solution and smart locks guarantee the efficiency for your business. Integrate smart locks, start easily managing wireless access control now!

Not a millennial trend but a necessity: The success of co-living decoded

The gig economy enabled by digital technology has caused Industry 4.0 and laid the foundation for the future of work. With millennials making up 75% of the workforce by 2030 and an increasing amount of resources to work remotely alter the way individuals move, work, socialize and live. As coworking has become a social movement of 3.8 million members by 2020, a concept of co-living is stepping into the spotlight. As trendy and exclusive as co-living may seem with its members-only policy, selection of tenants and authentic branding, its further expansion is a necessity and strategic answer towards extreme urbanization and lack of affordable housing. Recent investment figures show accelerated growth of co-living and its international outreach with Medici Living Group securing the largest investment in co-living of 1 billion euros ($1.13 billion) for its European expansion. Co-living is an international phenomenon. According to JLL Hong Kong, co-living has more diversity of operators entering the market and has secured more investment than the other two main options as a retail and traditional office. With Welive’s expected entry to the Indian co-living market in 2019, the concept of shared living is being rolled out globally.

However, the success of co-living is only partially explained by its convenient plug-and-play model which offers all amenities being taken care of by the provider of the space. Co-living is a strategic tool to beat the shortage of affordable housing in the metropolitan areas and reduce the number of commuters, thus, improving infrastructure of the cities. Depending on the provider, renting a space in the co-living complex comes as a less costly option than renting your own apartment. And most importantly, co-living offers something that is hard to quantify - the community of like-minded individuals at one’s doorstep and social interaction with one’s neighbours. The selling point of the co-living concept is not its fully-furnished private rooms but genuine connectivity with one’s flatmates and welcoming atmosphere of the environment. It is suggested that co-living might even become a solution for decreasing alienation of urban workers from each other.

Service model has successfully altered the way we live. Globally.

Co-living falls under a relatively new concept of Housing as a service (HaaS) or space as a service. It is disrupting the way we screen, monitor and select housing. Co-living is seen as a promising potential from industry experts from different market leaders as the real estate developers, hospitality companies, and investment community. Big names in the retail- and automotive industry are adding co-living to their portfolios. Ikea launches its Space10 which is an innovation lab based in Copenhagen. Ikea labels Space10 as its secret research lab where the future of sustainable living is explored. The business model around co-living is a service model which is one of the key attributes of sharing economy. As Uber has transformed the way we move and use a taxi, co-living giants as Welive and Collective are changing the way we allocate resources while making housing decisions. Ownership over goods is no longer attractive for consumers and the trend towards servitization is taking over. Users nowadays prefer access-based consumption, thus, short-term contracts and the opportunity to rent a space is becoming a preferred option over property ownership. As workforce transition is leading to an increasing number of mobile workers, the flexibility of movement from one location to another makes modern employees rethink their housing options to the benefit of co-living providers.

Changing profile of a co-living tenant

As co-living is expanding on an international level, the public image of a co-living tenant is being altered as well. It soon will be a thing of the past when the majority of tenants was comprised of digital nomads or young professionals. Industry leaders and innovative thinkers predict that co-living might serve as a solution to tackle social problems such as a lack of affordable housing for the ageing population. Figures from the UN report show that by 2050, the number of people older than 60 will increase to 2 billion worldwide. According to the Health and Retirement Study (HRS), 43% of people over 60 reports that they feel isolated. And co-living which offers a welcoming network of tenants might decrease high levels of loneliness and social isolation. Senior lifestyle housing has already been included in some of the real estate providers’ portfolio. New Ground Co-housing based in High Bernet (UK) is the first co-living project for senior citizens. It is women-only and tenants’ age ranges from 50 to 87 years. An alternative lifestyle is becoming a reality now for everyone regardless of age and socio-economic background.

Co-living: power of decentralized technology

According to Ikea’s innovation hub SPACE10, disruptive power of the co-living concept is enabled by digital technology. The service model of co-living provides open platforms, digital applications and tools for granting access and management of one’s space, communication board with tenants and online payments system. Democratic nature of digitization makes processes faster and allows more individuals to perform their transactions. GitHub as an open source technology might become the platform for the co-living experts to share industry insights to optimize their processes. With the development of blockchain, rental contracts no longer create confusion between tenants and owners of the space. Decreased number of mistakes in records and early detection of fraud will be possible with smart contracts. Furthermore, co-living industry leaders invest in white-labelled applications designed for a particular co-living complex to manage community, events and practical matters.

To enable security of their spaces and real-time management, co-living companies choose SALTO KS which is a standalone cloud-based smart lock solution. Granting and revoking access for a definite period of time is a necessity for co-living community managers and is enabled by SALTO KS via its own management platform which controls all the doors of one’s space.

If you would you like your own SALTO KS solution, you can ask for a price quote or even schedule a demo right here.

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SALTO KS provides a flexible access control management system that requires no software installation or the added expense of a fully-wired electronic product. Modern cloud-based, wireless access control system is easy and simple to use for businesses including Coworking Spaces, Coliving Buildings, Purpose Built Student Accommodation, Retail, Multi-Tenant Housing, Gyms and many more. Our best in class wireless access control solution and smart locks guarantee the efficiency for your business. Integrate smart locks, start easily managing wireless access control now!

What is ‘PropTech’ exactly, and how is it related to coworking?

In real estate, technology used to mean making sure the wiring of a building is executed in a proper matter and now and again replacing some defect appliances. With the rise of IoT and therefor smarthomes, more real estate agencies realize properties and technology are a very profitable duo. The manual approach of collecting data simply doesn't cut it anymore.

Here comes in PropTech:

PropTech is the collective name for all technological applications where all property can benefit from. Also referred to as ‘CREtech’ (Commercial Real Estate Technology) or ‘Retech’ (Real Estate Technology). It is enriching real estate and changing the way we design, buy, build, sell, use and overall manage our properties. This also applies to the way we work.

Since most people around the globe nowadays rely on mobile technology it becomes more and more accessible for developers and business owners to present these new technologies to commercial property owners. The many (new) technologies that communicate with one another define PropTech: Creating innovative real estate that feels modern and digitized. Think of the smarthome of today: Equipped with gadgets like Alexa, Nest: The smart thermostat, or even a cloud-based access control solution like SALTO KS. These innovative problem solvers come with many benefits like reducing your carbon footprint by collecting data received from these smart appliances, which come in handy when you, for instance, own a coworking space.

Coworking in Proptech has become unthinkable. With the emerging demand of flexible workplaces with immediate access, no (long-term) lease and top-notch Wi-Fi connection PropTech got even bigger. By automating operational tasks with management software like our integration partner Office RnD offers, you’ll win time to build your brand and perfect your member experience. With the received data you can figure out your space’s pain points and find out where there’s more room for improvement.

Embracing technology for your building means you differentiate yourself from other spaces and are able to offer your members the best possible coworking experience. From finding a space online, onboarding, facilitating outstanding Wi-Fi connectivity, billing and invoicing: It should all be as efficient as possible. Automation is the solution.

Facility managers of coworking spaces are getting more accustomed to IoT. Where physical devices are embedded with electronics or software to, amongst other things, collect data that can reveal inefficient patterns. This has turned the old-fashioned office spaces into real estate on demand: With no long-term contracts, but pay-as-you-go and fine-tuned-to-your-wishes subscriptions.

Expensive technological investments to smarten up your building(s) can seem daunting, but these investments tend to pay for themselves within a year by reducing, for example, your energy bill. Famous examples of companies that are known for combining properties with technology are Airbnb, WeWork, Purplebricks, SALTO Systems and Nest.

PropTech has been around for some time now, but the last couple of years (since 2014) the PropTech ecosystem really is booming. It’s suspected that by 2020 there will be 20 milliard dollars invested in PropTech. That’s a serious amount, and this is only the beginning.

We highly recommend welcoming technology into your space sooner rather than later to keep ahead of the coworking game.

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SALTO KS provides a flexible access control management system that requires no software installation or the added expense of a fully-wired electronic product. Modern cloud-based, wireless access control system is easy and simple to use for businesses including Coworking Spaces, Coliving Buildings, Purpose Built Student Accommodation, Retail, Multi-Tenant Housing, Gyms and many more. Our best in class wireless access control solution and smart locks guarantee the efficiency for your business. Integrate smart locks, start easily managing wireless access control now!

Mobile key: Your phone as a Tag

Imagine this; a locked door, a guest without keys and on top of that no internet connection… Let’s add another challenge and place you right in the center of a traffic jam! Sounds stressful, right? Well only if you don’t have a mobile key stored on your smartphone!

What is a mobile key? A mobile key is the virtual equivalent of a Tag; a tag being a physical device (contactless key fob) that works based on RFID. Remember how we always say tags replace that ring of keys? Now you also have your smartphone to replace that ring of keys. You might be thinking, that’s nice but I can already use my app on my smartphone to open doors. You are right, but this time you don’t even need internet connection!

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“With mobile key, you can use your smartphone as a tag/a key, opening the door without relying on internet connection; which makes mobile key as secure as using a physical tag.”

Needless to say, the smartphone is in the center of all our lives. With mobile key, you can use your smartphone as a tag/a key, opening the door without relying on internet connection; which makes mobile key as secure as using a physical tag.

A mobile key is stored on your mobile device, and when presented to a lock, it uses BLE (Bluetooth Low Energy) to open the lock. Mobile keys can be managed the same way as physical access by access groups. You can grant designated access to visitors, employees, or even delivery services whenever it’s appropriate for them to enter. The convenience of being able to open doors via mobile key is undeniable.

Yet again, say goodbye to copying keys!

For more information, check out our mobile SDKs and start building a seamless door opening experience in your application.

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SALTO KS provides a flexible access control management system that requires no software installation or the added expense of a fully-wired electronic product. Modern cloud-based, wireless access control system is easy and simple to use for businesses including Coworking Spaces, Coliving Buildings, Purpose Built Student Accommodation, Retail, Multi-Tenant Housing, Gyms and many more. Our best in class wireless access control solution and smart locks guarantee the efficiency for your business. Integrate smart locks, start easily managing wireless access control now!