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As more companies embrace remote work options, co-working spaces help them fill a unique void. They look like an office without the rigidity of one. Co-working offers social opportunities, networking prospects, and general human interaction in place of the isolation of working strictly from home. Co-working is also important to commercial real estate because it benefits both companies and their employees equally. Co-working takes the most important and expensive business cost—the workplace—and turns it into a service. The space-as-a-service model unburdens balance sheets and creates workforce flexibility. Some of the key advantages of Coworking are as follows:

  • Allows employees to work remotely in a professional setting

  • May prove more cost-effective for businesses, opposed to a larger lease

  • Improves networking opportunities for mobile workers

  • Zero maintenance involved in facility upkeep

  • Pay-as-you-go and membership models offer flexibility to professionals

  • Diverse space types, from individual workstations to group spaces

  • Accommodates almost all work hours

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