As highlighted in Colliers’ Spring 2019 U.S. Retail Spotlight Report (Download here), in today’s digitally connected world, we are seeing a growing trend of remote workers and empowered employees deciding where and how they want to work. This has created a valuable opportunity for developers to attract coworking companies to retail centers. It appears to be a win for both sides. Landlords are now embracing a more holistic approach to fill their vacancies and increase foot traffic, while remote workers have access to a flexible and amenity-rich environment.
Coworking spaces have the potential to help malls drive foot traffic to shops and restaurants and to boost spend. More than two-thirds of people say that a coworking space located in a mall would encourage them to visit shops more; for restaurants the figure is 73%. Sounds like a win-win to us!
For more insights, check out the Spring 2019 U.S. Retail Spotlight Report.