I hate the phrase “the perfect storm”. I also feel like it’s exactly what’s about to happen around coworking.
In 2006 there were only a handful of coworking and related alternative workspace facilities. There were over 70 spaces worldwide by the end of 2008. Based on the volume of discussion and the number of new spaces online since the beginning of 2009, I predict that there will be 200+ coworking spaces worldwide by the end of 2009.
Here’s one data point to chew on. One March 9th, I went to Jelly NYC, which was being held at Treehouse Coworking in downtown Brooklyn. Brooklyn already has Williamsburg Coworking, one of earliest coworking spaces, and Ditmas Workspace which opened in Ditmas Park in 2008. Since then, I’ve learned of concrete plans to launch two more spaces in Brooklyn. Then there’s Manhattan, Staten Island…
Why the sudden interest?
A lot has been written and said about two important drivers—work that can be done anywhere (design, software development…) and technology that allows workers to work anywhere (laptops, wifi…). I believe there are two more drivers that are more important but that haven’t been given as much attention.
A year ago, I wrote Coworking as Catalyst, and described the impact that coworking will have on business. But I failed to see the impact that business—specifically the current economic crisis—would have on coworking.
One factor is access to real estate. Coworking depends on physical space, and as Drew wrote a few weeks ago, there’s never been a better time to negotiate.
The second factor is the job market. Layoffs started in earnest the last quarter of 2008. Many of those affected have had time to look for another job, reconsider (either begrudgingly or not), and take steps toward independence. Life as a new independent worker is challenging—coworking provides a support system comprised of people and place that offset the office.
If only a small percentage of the millions laid off start coworking, the impact, in terms of numbers, will be tremendous.
Todd
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