‘Corpoworking’ and Sharing the Cost Burden of Space
When hotels offer up their lobbies for coworking, or corporate firms add cafe or lounge amenities for employees, it has a nickname: ‘corpoworking’.
This is the trend of CRE owners and occupiers sharing the cost burden of their space with other users or third parties, by offering up the space outside of normal business hours.
‘Corpo’, because it’s being driven largely by corporations.
The big benefit is maximizing revenue generation by leveraging these spaces during non-business hours. But there are also benefits by providing a space that can be made available to the public, benefiting the local community.
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