Smart Buildings

Co-Working: Does the Hype Match the Reality?

Co-working and the rise of workplace-as-a-service may be the dominant real estate story of 2018. With real estate firms like Boston Properties, Tishman Speyer, among others, starting to offer their own co-working brands (or planning to launch them), this market will continue to be scrutinised in 2019. There are other entrants, too. Office Depot has started converting some of its retail floorspace to workspace. And, some market observers believe there will continue to be room for independent co-working spaces, too. For example, there are even co-working providers with niche offerings, such as wellness and mindfulness. Overall, the model is experiencing significant growth, but is still very nascent. Moreover, technology could further impact tenant-landlord-broker relationships beyond what co-working has done thus far. Regardless of what happens, co-working is here to stay because occupants realize significant benefits from the flexibility. Setting The Stage Co-working started as an offering that targeted small companies and freelancers in search of […]

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