Coworking: Opportunities for Landlords
There’s a growing trend in Dubai that is changing the way people work. Gone are the days when people are limited to the traditional offices space in Dubai . With the Internet affecting almost every aspect of life, people now have a choice to work in coworking space. According to one estimate, there are around seven million people who will be working in a coworking space by the end of 2019. This number is seen to grow exponentially in the many years to come as millennials are poised to take over the workforce. In one recent report, coworking space is seen to occupy between 320,000 to 530,000 sq. ft. of space around the world. In Dubai, there are more than 50 coworking locations and this number is growing year after year. In fact, this figure represents a 130% increase since 2015. It is worth noting that Dubai has a fast growth rate in the coworking industry and now, it is estimated that the city has more than 650,000 sq. ft. of coworking space. Because of the shift in how...