Coworking has become one of the fastest growing real estate markets in the world. Fueled by changes in technology and lifestyle, more and more individuals, small businesses, and large companies are turning to coworking over traditional office spaces. Some experts even believe that coworking could have 3.8 million members globally by 2020.
Small Change is getting in on the action with a collaboration between Beauty Shoppe, a Pittsburgh-based coworking operator, and the Liberty Bank Building, a historic six-story building in Pittsburgh’s up-and-coming East Liberty neighborhood. Converting the Liberty Bank Building into Pittsburgh’s first full-building coworking hub will complete the next phase of its storied history – from a historic bank dating pre-1900 into a center for innovation. You can learn more about the Liberty Bank Building at Small Change, and invest in its transformation.
Coworking is not only good for workers; it is good for cities. Here are a few reasons why.
A focus on neighborhoods
Coworking can help transform neighborhoods by providing affordable, flexible work space for people who live nearby. Most coworkers say they choose their coworking space based on proximity to their home.
The Liberty Bank Building is a great example of this. When it was first redeveloped 15 years ago, East Liberty was a neighborhood in decline. Now, it’s being profiled in the New York Times as a “tech hub,” home to countless startups, hip hotels, and many new housing and retail developments. We can’t help but think that bringing stylish, accessible working space to the neighborhood has played a role in that revitalization.
Connected local communities
Coworking not only keeps talent local; it also creates stronger, more connected communities. When you work from a coworking space, who knows where your next client, investor, or partnership will come from? It could be the person sitting next to you. Plus, many coworking spaces offer programs and events to boost morale, teach new skills, and foster creative problem-solving.
Coworking is a great way to share ideas, get feedback, and form connections with brilliant people in all sectors in your city.
Flexible global workforces
Are you on business in Shanghai or on holiday in Paris? Most coworking spaces provide monthly, daily, and even hourly options. If you need to move your business frequently, or need a place to work while traveling, coworking could be the right choice for you.
This kind of flexibility builds a more connected, global world.
Healthy, whole workers
Coworking could be the next step in wellness. Many coworking spaces offer more than just a desk. They offer a full suite of good-for-you services, ranging from yoga classes to healthy snacks. Some coworking spaces even provide on-site childcare for working parents.
Happy, healthy workers are more focused, creative, and productive. Just imagine the innovation you could lead following a guided meditation and green juice!
Image courtesy of Beauty Shoppe