Remote work is becoming more popular than ever, as many companies are adopting WFH models for at least part of the week. By 2025, more than 32.6 million Americans could work remotely, meaning that alternative working spaces, such as coworking models, will become more prevalent. Coworking models provide workspaces where employees of various companies can pay a membership fee to work in a collaborative space so they don’t feel completely isolated during their workday. 

Despite offering a unique solution to remote work, 46% of these coworking spaces are not turning a profit due to the huge amount of real estate costs they have to pay. They also have a lackluster social environment, where 70% of members report having no friendships outside of their immediate coworkers. A new version of the colocating space is surfacing that focuses on flexible space solutions, such as making use of vacant areas in hotels, pubs, and restaurants. 

These places also focus on creating a more collaborative and social environment for their members. They often provide a social calendar with fun events, such as happy hours and communal dinners, as well as collaborating with community organizers to create thriving communities in a variety of cohorts.