CoWorking Space v. The Traditional Office Space: Challenges and Opportunities in Sydney

Antoniades, H; Halvitigala, D; Eves, C

CoWorking Space v. The Traditional Office Space: Challenges and Opportunities in Sydney

Antoniades, H

Halvitigala, D Eves, C

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Publisher:: European Real Estate Society
Publication Type:: Conference Proceeding
Citation:: 25th Annual European Real Estate Society Conference, 2018
Issue Date:: 2018-08-01

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	ERES 2018 Antoniades Halvitigala Eves final v.docx	Accepted Manuscript version	1.29 MB	Microsoft Word XML	View/Open

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Field	Value	Language
dc.contributor.author	Antoniades, H https://orcid.org/0000-0003-0462-2221	en_US
dc.contributor.author	Halvitigala, D	en_US
dc.contributor.author	Eves, C	en_US
dc.date	2018-06-27	en_US
dc.date.available	2018-03-23	en_US
dc.date.issued	2018-08-01	en_US
dc.identifier.citation	25th Annual European Real Estate Society Conference, 2018	en_US
dc.identifier.uri	http://hdl.handle.net/10453/131245
dc.description.abstract	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	en_US
dc.publisher	European Real Estate Society	en_US
dc.relation.ispartof	25th Annual European Real Estate Society Conference	en_US
dc.relation.isbasedon	10.15396/eres2018_294	en_US
dc.title	CoWorking Space v. The Traditional Office Space: Challenges and Opportunities in Sydney	en_US
dc.type	Conference Proceeding
utslib.location	Reading UK	en_US
utslib.location.activity	Reading, UK	en_US
utslib.for	1202 Building	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Design, Architecture and Building
pubs.organisational-group	/University of Technology Sydney/Faculty of Design, Architecture and Building/School of Built Environment
utslib.copyright.status	closed_access
pubs.consider-herdc	true	en_US
pubs.finish-date	2018-06-30	en_US
pubs.place-of-publication	Reading UK	en_US
pubs.publication-status	Published online	en_US
pubs.start-date	2018-06-27	en_US

Abstract:

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

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http://hdl.handle.net/10453/131245