Abstract
Purpose: Coworking (shared flexible working spaces) grew exponentially before the COVID-19 pandemic. The crisis led to spaces closing but demand is likely to increase as homeworking/remote working levels remain permanently higher post-pandemic. Previous studies largely focused on ‘satisfied customers’ – freelancers and entrepreneurs in the urban core; but these are a poor guide to future preferences given an increasingly diverse set of potential users. Understanding these preferences is of significant value to future providers, investors and real estate operators. Design/methodology/approach: The authors employ a mixed-methods approach, observing self-organised coworking sessions and online platforms, and a questionnaire of the coworking networks/groups. The authors address the research questions: i) how do individuals' make decisions about how and where to engage in shared working and ii) do they consider locational characteristics (beyond accessibility) and social and physical (environmental) aspects of coworking? Findings: Proximity to home is a key result. Participants are mostly local and seek community, with a strong emphasis on effective work routines. Results stress the importance placed on social factors and in-space amenities, but affordability is also important. Coworkers experiencing both informal groups and organised spaces rate the informal experience as significantly more beneficial. Practical implications: There are implications for the real estate element of future provision and funding models. Originality/value: The authors contribute to the understanding of coworking preferences/motivations through addressing methodological limitations of previous studies. Rather than surveying individuals in coworking spaces, the authors study individuals who engage in coworking in various forms which will reflect the diverse (users, spaces, locations) demands for future coworking.
Original language | English |
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Pages (from-to) | 508-523 |
Number of pages | 16 |
Journal | Journal of Property Investment and Finance |
Volume | 40 |
Issue number | 5 |
Early online date | 3 May 2022 |
DOIs | |
Publication status | Published - 3 Aug 2022 |
Bibliographical note
Funding Information:This study was funded by the European Research Council, the Starting Grant WORKANDHOME (ERC- 2014-STG 639403).
Publisher Copyright:
© 2022, Emerald Publishing Limited.
Keywords
- Amenities
- Coworking
- Location
- Practice
- Preferences
- Real estate
ASJC Scopus subject areas
- General Business,Management and Accounting
- Finance
- Economics, Econometrics and Finance(all)