Apartment Owners Lure Residents With Trendy Co-Working Spaces

Co-working space

Luxury apartments are increasingly offering co-working space as American work habits continue to permeate the home.

Residential developers have not been blind to the explosion of co-working practices, and with the latest Gallup survey showing 43% of working Americans spend at least some time working remotely, many luxury apartment buildings are swapping the outdated conference room for trendy co-working spaces, the New York Times reports. With a dedicated WeWork desk often starting at $550 a month in New York, developers from Related Cos. to GAIA Real Estate said co-working spaces help attract tenants.

The demand for comfortable, creative co-working spaces inside apartment developments will grow as the expectation that American workers should be available to work around the clock gains momentum.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's National Newsletters
Related Stories

Proposed EPA Rule Change Could Cut Months From Timelines Of Projects Near Wetlands

Years Later, Millions In Chicago Housing Projects Remain Unbuilt

Developers Scheme To Build More Housing Units As NYC's Tax Incentive Ages

Rates, Rents And AI Risks: Peter Linneman's Warning For CRE

Heitman, Andover Target Self-Storage With New Investment JV

U.S. Multifamily Market Regaining Its Balance As Yearslong Supply Wave Tapers Off

Clarion Hires Prologis Executive To Lead Power Strategy

Why Data Centers Need To Embrace 'Responsible Resiliency'

The Bridge-To-Bridge Bet Is Holding Off CRE's 'Day Of Reckoning' — For Now

Augmentation, Not Replacement: How AI Platforms Are Streamlining Front Desk Teams

Lawmakers Punt On Stripping Approvals From 15 Projects In Data Center Alley

Success Of Top-Tier Malls Masks Enduring Distress In Sector's Underbelly