The Covid pandemic transformed how companies and employees think about work. The shift to working at home using video conferencing tools opened the door to the idea that not every employee needs to go to the office every day. Benefits of this shift for employees include a more flexible work schedule and increased focus and productivity. Downsides include a loss of in person collaboration, increased loneliness, and decreased morale. For companies, the benefits are more flexible office options, decreased office costs, and larger hiring markets. The downside to remote work for companies is a loss of control over company culture. Managers and executives in particular did not like the change because they found it harder to lead and manage their teams.

A common solution to providing benefits of remote work for both employees and companies is hybrid work; employees go to the office 2-3 days per week typically on a Monday, Wednesday, Friday or Tuesday Thursday schedule. This solution allows employees the freedom and focus benefits of WFH a few days a week while the company and managers maintain in person leadership and a strong company culture.

Hybrid work only saves money for the company, if it finds a cheaper office space solution. Several companies have entered the New York flexible office space market and one of the best options is Codi. Codi offers private office spaces that a company can use full time or part time. A part-time lease at Codi will save a company substantial amounts of money. Codi also provides flexible contracts so you can get a space for 6 months and then when your company grows you can move into a larger space. This also saves real estate costs because you are only paying for the space you need. Another cost saving mechanism of Codi is office services. Codi can stock your office with tea, coffee, snacks and handles cleanings, wifi, and entry. This reduces the amount of time and money you need to spend handling opex (operating expenses), while you stay focused on your work.