Business

Reviving the Spirit of Authentic Coworking

As the popularity of remote work continues to rise, the concept of traditional coworking has seen a steady decline. The sense of community that many employees once cherished is lost, leaving many in search of a space where this can be fostered. However, studies show that nearly 50% of coworking spaces are not profitable. The discrepancy lies in the cost and design of these spaces. High real estate expenses and little vertical integration has halted the development of community coworking spaces in many larger cities.

Fortunately, we are on the brink of a paradigm shift in the community coworking model. With a healthy combination of work and play, workers can now access affordable, inclusive, and community focused spaces in their area. These new models are highly sustainable, utilizing underused spaces already existing in the city. This makes memberships to these spaces more affordable, and the benefits offered with said memberships more social and worthwhile.

No matter what community or industry one identifies with, there is a little something for everyone in these spaces. People across the nation agree that it is time to revive the authentic spirit of coworking. With work and play in harmony with one another, this spirit of coworking will surely make its return in many young cities and beyond.

​Coworking Spaces in NYC
Source: Tavern Community