TY - CONF T1 - CoWorking Space v. The Traditional Office Space: Challenges and Opportunities in Sydney T2 - 25th Annual European Real Estate Society Conference Y1 - 2018 A1 - Antoniades, Hera A1 - Dulani Halvitigala A1 - Chris Eves KW - challanges KW - collaborative spaces KW - Coworking spaces KW - office landlords KW - Opportunities AB -

CoWorking space is commonly a collaborative space in an office-like environment. The space can be in the form of very short office leases which range anywhere between a day to a week and longer; and the space can be used independently, collaboratively or in nominated teams. The intent of coworking spaces is numerous, which includes a sense of community environment, encouraging greater productivity, provide access for mobile and freelance workers and an affordable solution to start-ups who are on a restricted budget and unable to enter into long term rental commitments. Many landlords are being challenged by this growing demand for flexible, scalable, collaborative spaces with short term leases. A desktop analysis of eighteen (18) coworking locations in Sydney is undertaken. The findings identified three main opportunities for landlords to capture the coworking space – firstly, leasing space to coworking operators, secondly developing their own coworking platforms and thirdly partnering with coworking operators to develop coworking spaces; coupled with two main challenges associated with the implementation of coworking hubs – the reliance on coworking operators and their survival with changing market conditions, and secondly, transforming traditional office spaces into engaging coworking vibrant hubs.

JA - 25th Annual European Real Estate Society Conference T3 - ERES: Conference CY - Reading, UK J1 - Conference: 2018 ID - oai:eres.id:eres2018_294 M3 - 10.15396/eres2018_294 ER -