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Denver co-working boom

Professionals’ desire for flexibility highlighted in Denver co-working boom

Denver co-working boomReal estate experts are starting to take note of the Denver co-working boom, and insiders believe flexible work spaces are the way of the future.

In the Denver/Boulder corridor, there are 57 co-working leases comprising 1.3 million square feet. That represents a 62.5 percent increase in the past nine months, according to The Denver Post.

In that piece for The Denver Post, Joe Rubino wrote:

“Purveyors of co-working and shared office space have a theory: traditional office real estate is dead. Flexible leasing arrangements, chic interior design and in-office hospitality services killed it. It might just take a while for the fluorescently-lit cubicle farm to die.”

These spaces have become so popular, say experts, because people are looking for ways to collaborate and stay productive. Shared office spaces offer the amenities business owners need while helping them reduce costs. For entrepreneurs, this type of arrangement can also help eliminate the isolation that sometimes comes with running a small business.

Business leaders agree that the shift toward co-working is more than just a short-lived trend. They believe it has staying power. Denver Office of Economic Development Chief Economist jeff Romine told the Post:

“The reason for this expansion, the reason for the growth is people are looking for new ways to bring their ideas and products to the market. Firms are desiring and entrepreneurs are desiring to work in a different manner and that’s what this is reflective of. It’s all over the metro area and we embrace that.”

LawBank launched in 2012 because we saw a need within the legal industry. Lawyers who launch independent law firms need a strong network in order to succeed, and a co-working space helps create that. A flexible office arrangement like ours gives these business owners the professional office environment they need, as well as the ability to stay nimble.

We are thrilled to see the co-working trend evolve in our market to meet the needs of professionals across industries.

Read the complete Denver Post article here.

To learn more about LawBank’s legal office and co-working space availability, contact us today.

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