The Sharing Economy: Developments In Collaborative Workspaces

Alternative office space sharing arrangements offer several benefits but are not without their downsides.

The Great Recession of the late 2000s and the rise of the sharing economy have led to a concurrent growth in alternative office space sharing arrangements. These "collaborative" or "shared" workspaces are developing as another option to traditional office leases. The workspaces are advertised as places for entrepreneurs and start-ups to have access to fully furnished offices and meeting rooms in premier locations at lower price points. They are also advertised as places for millennials to develop community, enjoy work, and have access to membership perks that they could not otherwise afford.