Since people have been working in offices, trailblazers have been searching for different ways to structure the workplace. Well, maybe that’s a bit of an overstatement, but it’s surely true that innovators are always looking for different ways to engage with their environments. Naturally, that extends to the work environment. Enter coworking in Union Square, San Francisco stage right!
Simply put, coworking is the practice of shared workspaces. Multiple unrelated companies work in the same building, often using the operator’s administrative and amenity functions. In today’s modern and ever-changing office world, the fastest growing alternative to the traditional office space is a coworking space.
Since TechSpace – one of the very first operators in the coworking space industry – was established in 1997, the coworking industry has become a global phenomenon! Around 2008-2010, more operators joined the market, but in recent years the industry has veritably exploded. According to Emergent Research, over 1000 new coworking spaces opened in the second half of 2018 – nearly half of which are located in the U.S.