Co-Working With A Citrus Twist

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While the usual office occupancy is about a big fixed cost - rent, coworking spaces are like gyms, where one pays dues, not rent. 

Most provide a pantry, internet, utilities, maintenance, and shared conference rooms - a plug and play version of the tedious-to-set-up conventional office. 

And, coworking is a sure fire way to be around other people, reducing the 'Zoom Gloom' isolation many of us feel. 

Quick Recap

Between 2017-19, co-working expanded strongly and total space grew by 2.3X in 2019, but the infamous waves 1 and 2 battered the segment and across top operators, the average occupancy level dwindled down to 65% during 2020. 

Bringing More To The Office Desk

To make a comeback, coworking approaches are all about new twists to the good old shared economy.

• Fun Settings - coworking brands are offering locations in entertainment districts filled with appealing diversions from the office desk, whether dining and drinking spots, nightlife meccas or even sporting arenas. 
• Work And Family - to maintain a niche, some coworking brands are offering work spaces with a mission to create a world in which both raising a family and running a business is the default setting. 

At a time when many coworking spaces are restructuring or changing hands, these small pivots in the way spaces are being reimagined is a good sign for what could well be the future of most offices.