What’s going on:
A recent study published by Coworking Cafe examined the distribution of coworking spaces across different metropolitan areas in the U.S. The study ranked these areas based on the percentage of zip codes that have at least one coworking space. To measure the accessibility of coworking spaces across various U.S. cities, the analysis categorized over 350 metros based on their population into large metros, mid-sized metros, and smaller metros.
Miami topped the chart among large metros, with 26% of its zip codes having coworking spaces. Among mid-sized metros, Durham, NC topped the list with 20%. Naples, FL was revealed to be at the top of the list for smaller metros, with nearly 27% of its zip codes offering coworking spaces.
Why it matters:
The popularity and demand for coworking spaces have increased significantly due to the rise in remote and hybrid work models this year. This is prompting many professionals to seek out flexible workplaces that are closer to their homes — to shorten their commute times.
Coworking spaces are being viewed as a legitimate choice among professionals and businesses, and the data reflects a major trend in work environment preferences. As more work companies adopt hybrid and flexible work arrangements, and as the need for traditional office spaces dwindles, the demand for these workspaces is likely to maintain upward momentum.
How it’ll impact the future:
As more cities focus on evenly distributing coworking spaces, professionals may have more control over their daily schedules and where they work. Office occupancy data and other studies on workforce preferences might encourage urban planners and developers to consider integrating coworking spaces within or near residential zones, which could completely transform commercial real estate.
