Traditional coworking spaces gained a lot of popularity during the rise of remote work, as it provided a way for people to gain social interaction during their working hours. However, almost half of all coworking spaces struggle to turn a profit due to very expensive real estate costs. As a result, members must pay exorbitant fees in the range of $200 to $700 per workstation at these places.
Despite these high membership fees, members of these coworking spaces complain that they still feel lonely. 69% of members claim that they don’t have any friends outside of their immediate coworkers, and 49% of members don’t feel a sense of community at all within their coworking spaces. Many of these spaces are also rather uninspiring due to their bland atmospheres and decor.
A new generation of community coworking spaces is emerging in the business as a reaction to these problems. By reusing the unoccupied spaces in hotels, restaurants, and bars, these alternative models avoid high real estate prices and save operating expenses by up to 75%. There is also a greater focus on socialization within these working spaces, with extensive social calendars that offer plenty of happy hours and communal lunches for members.
Source: Tavern Community
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