Study: 25% Growth Rate Projected For Retail Coworking Spaces

Coworking spaces at retail properties are predicted to grow at an annual rate of 25% through 2023, according to a new study from commercial real estate service provider JLL Retail.

The retail space sector has grown an average of 23% per year since 2010, with the highest number of coworking spaces in retail being either in malls (21.3%) or urban locations (20%).

“Coworking is no longer a startup only culture. Most flexible space today actually provides dedicated and private areas to larger companies that need to scale their workforce up or down,” said James Cook, Director of Retail Research at JLL in a statement. “This wide range of needs has created four distinct coworking spaces that we think will increase in retail, each tailored with different amenities.”

These four distinct space…