Officebroker.com is rebranding as Officio to move away from the broker model and aid clients in finding long-term solutions, rather than completing short-term goals.
Co-living may be the next big trend
Matt Alcock is a digital nomad currently living out of Roam, a co-living startup in the heart of scenic Bali. Co-living communities include communal spaces, as well as kitchens and work areas.
Alcock is a product designer who is spending a year to travel, work on pet projects and network with creatives.
Co-living companies are growing as jobs become more reliant on technology and remote working becomes more accessible.
In 2012, 24% of people in the U.S. spent 80% of their time working remotely, according to a Gallup poll. That number grew to 31% by 2016.
WeWork has delved into the co-living sector by opening two WeLive locations in the U.S. Its New York City location contains studios, four bedroom units and costs less than other buildings in the area.
Real estate firm Capitaland also recently launched lyf, its take on co-living. The company has plans to develop co-living communities across China, Singapore, Thailand, and more.
Hmlet, a Singapore-based startup, also manages co-living spaces in Hong Kong and Singapore that hosts community events to bring members together.
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Roam is expected to open more locations this year in New York City and London in addition to its existing spaces in Miami, San Francisco and Tokyo. The company requires new members to stay for at least one week, but the average stay at least three.
“We don’t have any age limit or preference as it goes against what we believe,” according to a Roam spokesperson. “At Roam, we think that the proper definition for community is a rich mix of people coming together for a diverse range of experiences.”
Aaron Bryson, a cybersecurity consultant, has traveled the world for over a year and stayed in a Roam location in Bali. He expects co-living to exceed coworking’s popularity.
Coworking may not appeal to all digital nomads, but co-living has the potential to catch on if operators provide the proper amenities for these remote workers.
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JLL research revealed that Dallas-Fort Worth is ranked 12th out of the country’s top 15 coworking and flexible space markets, taking up 3 million square feet of space.
Office provider LABS has launched its 96,100 square foot flagship property LABS House in Bloomsbury, London that features coworking, offices, and full-service dining.
Cool office interiors are ideal at first glance, but looking into a company’s principles, such as gender equality and flexibility, will be the factors that retain talent.
Colliers International revealed the success of the office market last year due to high demand for coworking and tech firms, but predictions for 2019 are uncertain.
Shared office space providers as tenants have become the norm for many landlords and building owners, and now many REITs have adopted coworking as it continues to expand.
Brookfield Properties has teamed up with Convene to spruce up the 73,000 square foot Brookfield Place into a full-service events venue that accommodates up to 500 people.
Many coworking operators pride themselves on massive, rampant expansion, but some industry experts believe this growth could lead to failure and consolidation in 2019.