How Coworking Spaces Are Reshaping The Real Estate Industry
-
Upload
novel-property-ventures -
Category
Real Estate
-
view
236 -
download
0
Transcript of How Coworking Spaces Are Reshaping The Real Estate Industry
![Page 1: How Coworking Spaces Are Reshaping The Real Estate Industry](https://reader031.fdocuments.us/reader031/viewer/2022022414/587adb051a28ab542b8b52f3/html5/thumbnails/1.jpg)
How Coworking Spacesare Reshaping the Real Estate Industry
Novel Property Ventures
![Page 2: How Coworking Spaces Are Reshaping The Real Estate Industry](https://reader031.fdocuments.us/reader031/viewer/2022022414/587adb051a28ab542b8b52f3/html5/thumbnails/2.jpg)
Real estate industry may undergo a shift in
business due to the rise of coworking
spaces in city neighborhoods.
![Page 3: How Coworking Spaces Are Reshaping The Real Estate Industry](https://reader031.fdocuments.us/reader031/viewer/2022022414/587adb051a28ab542b8b52f3/html5/thumbnails/3.jpg)
Coworking companies allow for small
businesses, startups, freelancers and
entrepreneurs to rent space in a collaborative,
comfortable and affordable setting.
![Page 4: How Coworking Spaces Are Reshaping The Real Estate Industry](https://reader031.fdocuments.us/reader031/viewer/2022022414/587adb051a28ab542b8b52f3/html5/thumbnails/4.jpg)
Coworking spaces embody all of the assets of a
great office without the high overhead investment.
![Page 5: How Coworking Spaces Are Reshaping The Real Estate Industry](https://reader031.fdocuments.us/reader031/viewer/2022022414/587adb051a28ab542b8b52f3/html5/thumbnails/5.jpg)
Here are three ways coworking spaces are likely to
impact the real estate industry
![Page 6: How Coworking Spaces Are Reshaping The Real Estate Industry](https://reader031.fdocuments.us/reader031/viewer/2022022414/587adb051a28ab542b8b52f3/html5/thumbnails/6.jpg)
Energizing neighborhoods1.
![Page 7: How Coworking Spaces Are Reshaping The Real Estate Industry](https://reader031.fdocuments.us/reader031/viewer/2022022414/587adb051a28ab542b8b52f3/html5/thumbnails/7.jpg)
Coworking spaces create buzz and excitement,
and may draw in new residents and commuters
to up-and-coming neighborhoods.
![Page 8: How Coworking Spaces Are Reshaping The Real Estate Industry](https://reader031.fdocuments.us/reader031/viewer/2022022414/587adb051a28ab542b8b52f3/html5/thumbnails/8.jpg)
An influx of residents and commuters means that
local businesses in the periphery will benefit from
more foot traffic and patronage.
![Page 9: How Coworking Spaces Are Reshaping The Real Estate Industry](https://reader031.fdocuments.us/reader031/viewer/2022022414/587adb051a28ab542b8b52f3/html5/thumbnails/9.jpg)
Growing in size and value2.
![Page 10: How Coworking Spaces Are Reshaping The Real Estate Industry](https://reader031.fdocuments.us/reader031/viewer/2022022414/587adb051a28ab542b8b52f3/html5/thumbnails/10.jpg)
There’s always risk in leasing coworking spaces,
which are inherently unstable.
![Page 11: How Coworking Spaces Are Reshaping The Real Estate Industry](https://reader031.fdocuments.us/reader031/viewer/2022022414/587adb051a28ab542b8b52f3/html5/thumbnails/11.jpg)
Fortunately, coworking spaces have been
booming consistently, with space doubling
every year for the past five years.
![Page 12: How Coworking Spaces Are Reshaping The Real Estate Industry](https://reader031.fdocuments.us/reader031/viewer/2022022414/587adb051a28ab542b8b52f3/html5/thumbnails/12.jpg)
A model to emulate3.
![Page 13: How Coworking Spaces Are Reshaping The Real Estate Industry](https://reader031.fdocuments.us/reader031/viewer/2022022414/587adb051a28ab542b8b52f3/html5/thumbnails/13.jpg)
One thing is abundantly clear:
the traditional office is losing its appeal.
![Page 14: How Coworking Spaces Are Reshaping The Real Estate Industry](https://reader031.fdocuments.us/reader031/viewer/2022022414/587adb051a28ab542b8b52f3/html5/thumbnails/14.jpg)
Real estate developers can use this model to
their advantage by offering more flexible
spaces with malleable leases.
![Page 15: How Coworking Spaces Are Reshaping The Real Estate Industry](https://reader031.fdocuments.us/reader031/viewer/2022022414/587adb051a28ab542b8b52f3/html5/thumbnails/15.jpg)
Whatever the case, shared offices are, for many, a
welcome addition to city real estate.
![Page 16: How Coworking Spaces Are Reshaping The Real Estate Industry](https://reader031.fdocuments.us/reader031/viewer/2022022414/587adb051a28ab542b8b52f3/html5/thumbnails/16.jpg)
NovelPropertyVentures.comTo read full article, visit