0 Shared Office Space Continues to Grow

The migration from “Me Space” to “We Space” will continue as employers accommodate flex time and independent working.  At PwC the North American worker had 176 less personal pace in 2012 versus 2010.

Liquid space

Credit: FastCompany

According to a recent article on FastCompany.com, “Companies like WeWork, which offers small offices within a shared community of workers on a monthly basis and recently raised funding at a $16 billion valuation, have helped building owners adapt as the renting of vast swaths of cubicle farms in three- or five-year increments falls out of style. But as these real estate developers have watched WeWork rise, they’re looking for ways to more directly tap into the trends that have made the company so successful. “When you look at the growth of, for example, the coworking companies, it’s clear that long-term leases with little flexibility are probably not entirely the way of the future,” says Deborah Boyer, EVP and director of asset management for the SWIG Company, which owns almost 9 million square feet of real estate. Some real estate companies have developed their own prebuilt spaces to accommodate growing companies. Others have partnered with WeWork to design entire buildings with a new type of work in mind.”

You can read the full article on Fast Company’s website.

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