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Are Co-Working Spaces the New Hot Amenity?

Co-Working Spaces

Digested from the New York Times

As more people telecommute and work in the freelance economy, communal work spaces are all the rage—WeWork and other shared office spaces are sprouting up in cities across the country.

In New York City, a few high-end apartment communities are starting to provide these co-working spaces to their residents.

When Related Companies opened a new apartment tower in Hell’s Kitchen, staff noticed that residents were using community spaces as their de facto offices, preferring to work among their neighbors. Going forward, the company is dedicating some community space in upcoming New York City developments for this explicit purpose.

For example, 15 Hudson Yards, which will open next year, “will have a dedicated collaborative work studio with large communal tables, a computer bar and booth seating on the 51st floor,” according to the New York Times.

This is a valuable amenity in New York: A Midtown WeWork office charges a minimum of $550 a month for a dedicated desk and $930 a month for a private office.

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