Hybrid Coworking in 2020
Coworking has come a long way since the early 2000s when Brad Neuberg kicked off the whole coworking movement and invited “free spirits” and creators to “come together in a community, sitting at tables or relaxing on couches as we do our work.” With an estimated 22,400 coworking spaces globally, the amount of flexible office space has expanded. Projections through 2022 predict that the number of flexible office spaces will grow annually by six percent in the U.S. The global market value of flexible workspaces is estimated at an approximate $26 billion.
Utilizing more vacant space, a hybrid model of coworking is gearing up in 2020. Vacant space in large hotel chains, retail stores, restaurants and even bars are offering up space to use at non-operable times and offering them as “drop-in” coworking spaces. Restaurants are opening their doors during the day and offering up space for coworking. Many of these hybrid coworking spaces offer remote workers perks and discounts, as in the case of restaurants, lunch and unlimited coffee.
Even malls and street-front stores are becoming a part of the coworking space trend. This concept of using retail space for coworking is turning out to be profitable and interesting. This type of space brings various benefits along with it such as pleasant and comfortable working environments, a variety of facilities and connectivity because it is situated in a mall where you can work, shop, and eat all under one roof.