The proliferation of shared work spaces is not a novel idea anymore. The pay-by-the-month or hour model is evolving and growing. In fact, researchers at JLL predict that 30% of the market could be flexible space by 2030.
The adoption of shared work spaces has moved beyond the purvey of Millennials, sole proprietors or start-ups. Professionals in more traditional business organizations are also taking advantage of shared spaces, which now include advanced technologies that allow people to change offices easily or open a virtual office in a high-profile tower.
The operators of shared work spaces today essentially become a “professional tenant,” and are increasingly adept at providing things traditional landlords don’t for these smaller tenants. That may include tenant services, collaboration technology and networking opportunities. The current trend is to offer services more typically seen in the hospitality industry.
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