Hub-And-Spoke Office Strategy Creates Opportunity For Co-Working
It could take years for the Manhattan office market to recover but the prospects for co-working spaces, especially those in the Hudson Valley, bright.
According to recent polling data, nearly half of all office workers plan to continue to work remotely, at least part time, even after the pandemic is over. With work arrangements being recalibrated, many employees are expected to split their time between a city office, home, or a “third space” such as a coworking space.
This “third space” trend, combined with the COVID induced residential exodus from New York City to the Hudson Valley, means local co-working spaces could be in great demand. Fifty four percent of remote workers who did not use a coworking space prior to the pandemic are considering joining one in the future.