Advertisement
Back To Daily Digest
Tags: BUSINESS

Could Coworking Actually Thrive In The Face Of A Recession?

Law firm Ropes & Gray recent research “Coworking: A Real estate revolution?” has shown that the flexible workspace market could actually grow even faster in the face of a recession, despite concerns of it slowing down.

According to a survey of 100 senior real estate executives, about 61% believed that coworking will be less vulnerable than traditional office spaces in an economic downturn. 

73% of respondents also said that an economic downturn could benefit the coworking industry as self-employment would most likely rise.

The Latest News
Delivered To Your Inbox

David Seymour, a private equity real estate partner at Ropes & Gray, said that flexible offices and coworking can only grow from here.

“We’re seeing early signs of coworking operators shifting into other asset classes, such as residential and the hotel and leisure sectors,” said Seymour. “At the same time we are also seeing hints of a shift among those turning to coworking as a viable option. Freelancers, creatives and technology companies may soon be battling larger companies, as they look for more flexibility in their office needs, for shared spaces.”

ABOUT Aayat Ali
Aayat Ali

Aayat is an editor for the Daily Digest based out of Kentucky. She has worked with local coworking spaces since August of 2017 and enjoys taking her firsthand knowledge to write about the fascinating, constantly evolving world of flexible workspaces. Feel free to reach out to her at [email protected] View all posts by Aayat Ali

Latest on Daily Digest

How Much Do Coworking Spaces Truly Cost?

How To Implement A Flexible Work Plan

Downtown Chicago’s Coworking Market Continues To Grow

Coworking Is Here To Stay

How To Support The Wellbeing Of Workers

The Challenges Coworking Operators May Face

HR’s Vital Role In The Future Of The Workplace

Ad
Advertisement
Advertisement

FOLLOW US

  • Facebook
  • Twitter
  • LinkedIn
  • RSS
  • instagram
  • pinterest
Ad
Advertisement
Advertisement

POPULAR ARTICLES

Advertisement

Stay On Top Of Your Game!

Subscribe To The Largest Publication On The Future Of Work And Receive Our TOP 10 News Stories Every Friday, Among Other Cool Stuff. 100% FREE

leaving so s0on?

Get A Free Subscription To Our Weekly Premium Publication

If It’s Affecting The Future Of Work, You’ll Know About It.