The spirit of traditional coworking has been lost due to remote work, with millions of Americans now adopting this new lifestyle. What was once social and enriching to the work/life balance of so many is nearly gone, and many are now searching for a solution. Currently, less than half of coworking spaces are profitable, and there is very little vertical integration available.
Fortunately, a new paradigm is taking the place of previous coworking solutions, making way for an updated community coworking model in NYC. Building these spaces in underutilized pre-existing locations decreases real estate costs and overall membership costs. These benefits alone eliminate the main fatal flaws of traditional coworking business models. These spaces also allow for socialization during the workday, which fills the gap that the remote work spike left behind.
A variety of communities can benefit from these spaces, both within the context of work and for social purposes. Like minds can collaborate, make connections, and have fun all while remaining productive. The possibilities are truly endless under this modernized framework, especially in booming cities with large populations of working adults. The once lost authentic spirit of coworking is being actively revived within these spaces, and many are eager to get in on the action.
Source: Tavern Community