Today, coworking spaces like Novel Coworking are everywhere, existing in just about every major city in the United States.
So how exactly did coworking spaces become so popular, and will they remain popular indefinitely? What’s Pushing the Popularity of Coworking Spaces? There are several factors working together to make coworking spaces more popular and more attractive to today’s workforce: Rising office real estate costs.
Coworking spaces give them the option to work in a traditional office environment while still giving them as much flexibility as they want or need.
With too many coworking spaces competing, prices could fall to unsustainable levels, membership rates per space could drop, and eventually, owners may find the endeavor unprofitable.
Some cities are now offering free spaces that can be used for remote work, serving many of the functions of a full coworking space, but without any of the expenses.
Free spaces are still somewhat rare, and even if they become more popular, they likely won’t offer all the amenities that a full coworking space could.
Companies may respond to the encroachment of coworking spaces by making their own offices open for remote workers and freelancers.