Landlords of apartment buildings in the US are beginning to capitalise on the co-working trend by converting lobby and other public areas into working spaces. Ullman said those areas couldn’t be used for apartments, and it already had sufficient storage, so it decided to add conferencing breakout rooms. Such a move can increase tenant retention and draw in non-resident members, generating extra revenue for landlords. The rise of co-living spaces is also helping to create new types of housing that have traditionally been considered too expensive or unaffordable – such as student housing. The company, which recently merged with WorkFlourish, plans to add co-workspace locations in 15 residential buildings across Texas, partnering with landlords using a business model similar to that adopted by Industrious.
Landlords of apartment buildings in the US are beginning to capitalise on the co-working trend by converting lobby and other public areas into working spaces. Such a move can increase tenant retention and draw in non-resident members, generating extra revenue for landlords. The rise of co-living spaces is also helping to create new types of housing that have traditionally been considered too expensive or unaffordable – such as student housing. The company, which recently merged with WorkFlourish, plans to add co-workspace locations in 15 residential buildings across Texas, partnering with landlords using a business model similar to that adopted by Industrious.