Highs, lows of coworking space in sharing era

Nidya Ramalia Novita
Senior recruitment consultant

PREMIUM

Jakarta / Mon, October 14, 2019 / 02:16 pm

Highs, lows of coworking space in sharing era

Creative environment: Millennials share ideas at Greenhouse Coworking Space in Multivision Tower, South Jakarta. The coworking space has been designed in such a way that it stimulates a creative work environment. (The Jakarta Post/Dhoni Setiawan)

Swift technological developments are continuously transforming the relationship between assets, spaces and economic activities. Spearheaded by the ride hailing app Uber and Airbnb renting space, the rise of sharing and collaborative forms of the economy is innovating the way people consume services and products and our lives in general. A more recent phenomenon is the coworking space. Their innovation is in the value propositions of hot desks and open spaces, all based on a flexible or short-term lease. Flexible office spaces also create a sense of community, sharing knowledge and facilitating innovation among all their members. Subsequently, coworking also affects socioeconomic, commercial and urban aspects. However, there is still little to no evidence of the economic viability of the industry and its social effects. Studies show that the coworking industry grew from 70 people in...