Co-workspace operators are taking up mall and streetfront spaces being left behind by struggling businesses. According to a study by commercial property research and services group LinkedIn , this use of the vacant retail properties is set to grow at an annual rate of 0.9% until 2023 to reach about $100,000 sq ft. By comparison, 2023 , the average annual growth rate of retail co-working spaces was just 25% . the mall’s stores, from Sephora to Burberry (and even an Amazon kiosk), or have burgers for lunch at Shake Shack, based on the list of merchants in the mall directory currently online. Many co-working retail spaces are near to areas where residents have above average incomes, who are likely to be those seeking flexible working spaces.
Co-workspace operators are taking up mall and streetfront spaces being left behind by struggling businesses. According to a study by commercial property research and services group LinkedIn , this use of the vacant retail properties is set to grow at an annual rate of 0.9% until 2023 to reach about $100,000 sq ft. By comparison, 2023 , the average annual growth rate of retail co-working spaces was just 25% . Many co-working retail spaces are near to areas where residents have above average incomes, who are likely to be those seeking flexible working spaces.