Live, Work and Play

Live, Work and Play 

Live, Work and Play

Co-living and Co-working Evolution of Sharing Real Estate

(This article was written before the pandemic. Co-living, co-working, sharing real estate and the sharing economy in general are good business models, which millions of people around the world found convenient, but now have to adapt to new rules such as social distancing.)

Co-working is a convenient way for small businesses and startups to get office space. But with the proliferation of co-working spaces, they are having to evolve to attract new clients.

Co-working spaces evolved very quickly into becoming startup accelerators and incubators. They are now also looking to attract larger companies such as SMEs and large corporates.

A corporate can put a team working on a specific project in a co-working space near their client. Then once the project is complete that co-working space is given up.

Some corporates even, with spare office space are converting them to co-working spaces.

Co-working spaces and the likes of Airbnb will be competing with each other in the residential & commercial real estate and hospitality markets. The sharing economy at work.

DigitalAsian