Although they were originally welcomed by many remote workers due to the growing popularity of WFH models, traditional coworking spaces now confront several difficulties. Their struggles are mostly caused by very high real estate expenses, which in turn drives membership rates up to a shocking between $200 and $700 per desk. To make matters worse, 69% of members claim that they haven’t made any new friends outside of their current coworkers in these spaces. This demonstrates how lackluster the social climate is in many of the coworking spaces. 

In the place of these traditional coworking spaces, a brand new model is transforming the market. These new spaces work by repurposing unused spaces in hotels, restaurants, and bars, which can help reduce the expensive real estate costs that most of these companies face. This in turn allows the spaces to only charge membership fees as low as $30. 

These new spaces also place a greater emphasis on social interaction by arranging gatherings such as happy hours and group lunches to promote a sense of community. They have been successful in establishing a multipurpose hub for work, socializing, and community events for their members.  In many ways, these new community spaces have redefined the meaning of remote work for employees around the world.

Source: Tavern Community