This year’s CoreNet Global Summit real estate executive attendees were polled to discuss key trends impacting the commercial property world, and one that stuck out is the growth of coworking.
The poll found organizations using coworking spaces had doubled in the past two years at around 11% of all employees. Respondents predicted that this number would be around 17% in the next two years.
Even major corporations have claimed that almost a quarter of their employees will work out of coworking spaces in the future thanks to its flexible, low-cost nature.
Three-quarters of respondents said that the main benefit of coworking is the ability to cut costs and expand their real estate portfolio quickly.
Coworking is also known for encouraging wellbeing practices within the space, which is becoming increasingly more valuable within the emerging workforce culture.
These shared offices also provide a sense of community not seen in traditional workspaces. The line between work relationships and personal relationships has started to blur thanks to the ease of making meaningful connections within these spaces.
One of the biggest sellers of coworking is merely location. In its beginnings, startups wanted to be closer to tech hubs and amenities like gyms and cafes, and that model is still adopted with new coworking spaces today.
