Featured articles
Live-Work-Play on Track for a Big 2023 With CoWorking in the Mix
Published to LinkedIn on December 26, 2022
Live-Work-Play communities are communities with a variety of housing that are built close to employment centers, shopping and services, and also accommodate remote working and several other recreational and leisure pursuits.
"This year has signaled a high watermark for live-work-play developments under construction, with 72 such projects either delivered or close to completion as of year-end — and 2023 is on track to beat that record."
The new twist on these communities is CoWorking spaces.
"CoWorking was a component in 90 live-work-play developments over the past decade, in a trend CommercialCafe analysts say caters to the rising demand for flexible workspaces."
New York is one of the quickest shifting markets with 5 of those LWP and CoWorking communities being in New York alone.
"'The fusion between LWP and CoWorking is a natural response to the rising demand for flexible workspaces from remote workers, freelancers, startups or smaller businesses,' writes CoworkingCafe’s Laura Pop Badiu. 'In many cases, a CoWorking space in an LWP building is a more convenient arrangement than a single, larger company providing an office space there that would only benefit employees who also happen to be residents in said building. Conversely, CoWorking spaces welcome workers from any and all companies.'"
A larger percentage of LWP communities are beginning to incorporate CoWorking into their masterplans which goes to show the rise in demand for this niche. These numbers also show how early in the adoption process CoWorking is, making a perfect time for getting involved.
HomWork was ahead of this. Launching in 2018 we saw the demand, the desire, and the many benefits of combining CoWorking and CoLiving, especially for entrepreneurs and business professionals.
Post-pandemic the market has exploded.
We have experienced an increase in doctors, lawyers, accountants, engineers, and other traditional industries that have previously been tied to their desks start packing up their laptops because they want to...
Live where you work. Work where you live. Anywhere in the world.
Originating in San Diego, HomWork now boasts the largest CoWorking CoLiving community and are preparing to launch the largest in San Jose del Cabo, Mexico as we speak. So start packing!