Software as a Service (SaaS) arrived in 1998. With SaaS, instead of installing and maintaining software, you simply access it via the Internet – and, voilà, you have the latest, debugged version at your fingertips. It remains a much-appreciated innovation, especially for those of us who remember physically purchasing and loading new software – and trying to keep up with version changes.
The Covid-19 pandemic has ushered in a new SaaS – Space as a Service. Already a trend pre-pandemic, those SaaS options are set to explode in 2021. (Yes, Boomers – it’s a twist on the Shared Tenant Services model you experienced in the 1980s – but way cooler and more flexible.)
Think about this. Typically, businesses lease space for their offices or purchase or build a building. The square footage, lease term, and space design is based on growth assumptions. In the case of startups, those multi-year assumptions involve wild guesses. While intended to be a long-term solution, the reality is the space often isn’t optimal for the company’s actual needs over time.
Introducing…SaaS 2021. It’s time to break the mold and offer spaces that live and breathe in sync with new ventures — spaces that are flexible, upgradable and adaptable.
In Coworking Megatrends 2021, Liz Elam reports on the coworking trends she’s identified. Liz founded Link Coworking in 2010 when there were just four coworking spaces in Austin, now there are over 70. When she sold her company to Common Desk in 2019, it was the fourth largest in Austin. (Oh…speaking of Common Desk, they’re set to open their Wilmington location at 226 N. Front Street in January.)
Here’s what Liz predicts:
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The 2024 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.