Coworking Spaces Are Becoming Quirkier

From Couch to Cowork

It’s become clear America’s workforce doesn’t want to return to the cubicle. However, 76% of workers ages 20 to 29 don’t want to work fully remote either.

The rise of hybrid work has pushed workers away from traditional professional spaces, on scales both large and small. On a macro level, it hurts major metros like San Francisco and NYC. On a smaller scale, the shift has dealt a blow to office parks, and even companies providing modern, urban coworking spaces, like WeWork (WE), which has famously struggled since its IPO.

But there are a lot of emerging coworking spaces that strike the right balance for employees looking to work remote without working from home.

The Hybrid Era

If most employees prefer a hybrid work schedule, it doesn’t make sense for companies to keep fronting the bill for costly, years-long leases for office buildings.

Commercial real estate firm Jones Lang LaSalle (JLL) finds 40% of its companies are turning away from long-term leases in favor of more flexible offices. Many companies give employees the option to rent coworking spaces, enabling them to get out of the home without returning to a geographically inconvenient office.

To meet this demand, coworking spaces have popped up across the country. But the further they get from city centers, the stranger these spaces seem to get.

Office Oasis

Outside the limits of the city — and of traditional professionalism — coworking spaces are becoming “quirk-ified.”

Coworking locations are popping up inside yurts, 1970s Airstreams (THO), grain trading floors, and even old candy factories. Those are just a few of the options you can find on platforms like Radious and Liquidspace, which have similarly sprung up to meet the demand of employers looking for creative ways to keep employees engaged.

If you work remotely, it might be worth giving these platforms a look. Why work-from-home when you can work-from-yurt?

Looking for more stories like this? Check out On the Money — SoFi’s one-stop-shop for news, trends, and tips!

Check it out

Please understand that this information provided is general in nature and shouldn’t be construed as a recommendation or solicitation of any products offered by SoFi’s affiliates and subsidiaries. In addition, this information is by no means meant to provide investment or financial advice, nor is it intended to serve as the basis for any investment decision or recommendation to buy or sell any asset. Keep in mind that investing involves risk, and past performance of an asset never guarantees future results or returns. It’s important for investors to consider their specific financial needs, goals, and risk profile before making an investment decision.
No brands or products mentioned are affiliated with SoFi, nor do they endorse or sponsor this content.
Communication of SoFi Wealth LLC an SEC Registered Investment Advisor
SoFi isn’t recommending and is not affiliated with the brands or companies displayed. Brands displayed neither endorse or sponsor this article. Third party trademarks and service marks referenced are property of their respective owners.
SOSS23070503