
Q2 Report Names Atlanta a Top Market for CoWorking Space
A quarterly report by CoWorkingCafe indicates Atlanta is among the leading coworking markets.
The report’s findings included:
- Atlanta ranked sixth for number of flexible coworking spaces with 210 – a 12-percent increase over Q1.
- Atlanta was seventh for total square footage covered by coworking spaces – with over 4.4 million square feet – an 8-percent growth.
Yardi Matrix Business Intelligence Manager Doug Ressler said many companies still aren’t certain the number of employees who will be in their physical office space in the near or long term.
“To survive, property owners are asking, ‘How do I make sure my company/property is still around to take advantage of the opportunity when it comes?’” noted Ressler. “Coworking/shared space is one of the creative solutions which addresses this question. Loan extensions for commercial properties are being made possible because there are proven opportunities to restore occupancy and increase cash flow in the commercial office space.”
- ◦Lease