Stores in the US once occupied by now-bankrupt retailers are being converted into office space. Macerich, the latest mall operator to enter the arena, is partnering Industrious to bring co-working to some of its centres. Industrious, which is taking over the former Barney's location in Scottsdale, provides office space to multiple companies and entrepreneurs who rent individual offices while sharing common areas like conference and break rooms. The company has already opened a new store at the University Village Shopping Centre on Sydney's north shore. Start-ups Cowork at the Mall and Bespoke are adapting the co-working model to appeal to growing retail focused firms. The sector is predicted to grow 25% per annum through 2023, according to a report from Jones Lang LaSalle.
Stores in the US once occupied by now-bankrupt retailers are being converted into office space. Macerich, the latest mall operator to enter the arena, is partnering Industrious to bring co-working to some of its centres. The company has already opened a new store at the University Village Shopping Centre on Sydney's north shore. Start-ups Cowork at the Mall and Bespoke are adapting the co-working model to appeal to growing retail focused firms. The sector is predicted to grow 25% per annum through 2023, according to a report from Jones Lang LaSalle.