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43% of working Americans spend at least some time working remotely, many luxury apartment buildings are swapping the outdated conference room for trendy co-working spaces, the New York Times reports.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

Trump's New Canadian Tariffs To Spike Additional Materials Costs

Pace Of NYC Housing Construction Plunges As Developers Play Small Ball

Alliance Building Houston-Area Complex Amid Declining Multifamily Construction

PMC Proposes 31-Story Apartment Building In Center City West

Wells Fargo Moves To Foreclose On $1.3B Workspace Property Trust Portfolio

Jemals Sell Georgetown Building To Developer Planning Conversion

Turner Construction Hit With Cyberattack, Hackers Claim Leaks Of Military Info, NDAs

Latest Round Of Fannie Mae Senior Staff Layoffs Has Multifamily Sector Anxious

Why Hines Is Restarting Its Development Engine

How Integrated Infrastructure Can Help AI Data Centers Deploy Faster, Build Smarter

Nvidia Buys Stake In Data Center Power Company

Invesco Cuts Fees, Adds Incentives To Quell Fund Redemption Requests