The growing global trend towards flexible working and lifestyle jobs; forecast of over a million co-workers in 2017 from 2015’s 500,000; co-working space is ideal to freelancers, start-ups and micro-businesses; and new demand for co-working space that brings a new investment opportunity are the main reasons why it’s time to invest in such real estate, says Global Property Group (GPG).
The real estate research and listings website lists Dubai in the United Arab Emirates, Miami and New York in the United States, the United Kingdom, and Marbella in Spain as the five locations established around the world with new investment opportunities in co-working space.
GPG said one can invest in co-working space in these locations from just £18,500 (£1=RMxx), earn up to 13.25 per cent a year for five years, and there are various ways to exit the investment. However, it did not elaborate.
According to flexible workspace providers, people nowadays do not need a landline all the time that is plugged into a wall that they have to go to and sit in front of it every single day.
Office workers can be mobile and on-the-go entrepreneurs need not waste money paying for a full time office. They found they are able to be productive in such an environment because of technology.
Co-working spaces in the US, for instance, are here to stay given the intense interest in startups. More and more young entrepreneurs are looking to co-working facilities in relatively inexpensive office spaces which also offer new companies the opportunity to meet others in their world.
Generally, users of co-working spaces in top cities around the world look for good coffee and nice but not expensive food in the area; high speed internet; ample parking; a huge community of entrepreneurs, product developers, creatives and techies; interesting events; business accelerators; plus a great environment and workspace. Some even seek co-living combined with co-working spaces.
At home in the Klang Valley, co-working spaces popular with Kuala Lumpur’s young startup crowd include Nook in Jalan Riong, Bangsar; Paper + Toast in Jalan Nagasari near the Jalan Raja Chulan monorail station; Fluent Space in Kelana Jaya; and The Success Factory in Subang Jaya.