Retail’s Newest Tenant: Coworking—Work Where You Shop
As highlighted in Colliers’ Spring 2019 Retail Spotlight Report, in today’s digitally connected world, we are seeing a growing trend of remote workers and empowered employees deciding where and how they want to work. This has created a valuable opportunity for developers to attract coworking companies to retail centers. It appears to be a win for both sides. Landlords are now embracing a more holistic approach to fill their vacancies and increase foot traffic, while remote workers have access to a flexible and amenity-rich environment.
Coworking spaces have the potential to help malls drive foot traffic to shops and restaurants and to boost spend. More than two-thirds of people say that a coworking space located in a mall would encourage them to visit shops more; for restaurants the figure is 73%. Sounds like a win-win to us!
Retail Spotlight Report | Spring 2019
Date Published: 04/03/2019