Library

eCommons

 

Match Made in Heaven: Investment Benefits of Coworking Spaces in Historic Sacred Places

Simple item page
dc.contributor.authorWright, Daniel
dc.date.accessioned2020-09-04T20:01:28Z
dc.date.available2020-09-04T20:01:28Z
dc.date.issued2018-05-04
dc.description.abstractCoworking has experienced exponential growth and established a global identity in the short period of a single decade. While the terms “coworking” and “shared work space” existed prior to the market collapse in 2008, their presence as an asset class and worldwide network had not developed fully. Philadelphia has seen firsthand the rapid expansion of coworking spaces with companies like WeWork and Benjamin’s Desk (1776) opening multiple locations with thousands of square feet in the space of a few years. These and other coworking companies continue to see growth with some seeking to expand into more suburban areas once a CBD flagship has been established. With growing membership and a need to be near members (either directly or through transit), where are the locations in Philadelphia where coworking companies should consider investing? As coworking demand increases, Philadelphia also has an increasing inventory of vacant historic sacred places—currently at thirty-nine buildings equaling approximately 500,000 square feet (Partners for Sacred Places, 2017). This paper will first define coworking and the coworker, give statistics on coworking growth, identify key real estate needs, and finally propose historic sacred places as an alternative for coworking expansion.
dc.description.legacydownloads17_Article_Wright.pdf: 597 downloads, before Aug. 1, 2020.
dc.identifier.other12065083
dc.identifier.urihttps://hdl.handle.net/1813/70815
dc.language.isoen_US
dc.relation.ispartofseriesCornell Real Estate Review
dc.rightsRequired Publisher Statement: © Cornell University. Reprinted with permission. All rights reserved.
dc.subjectcoworking
dc.subjectshared work space
dc.subjectsacred places
dc.subjectWeWork
dc.subjectteams
dc.subjectRegus
dc.subjectMakeOffice
dc.subjectBenjamin's Desk
dc.subjectThe Yard
dc.subjectlease term
dc.subjectchurch
dc.subjectreuse
dc.subjectparking
dc.subjectPartners for Sacred Places
dc.subjectHistoric
dc.subjectRehabbing
dc.subjectpreservation
dc.subjectHistoric Preservation Tax Credit
dc.titleMatch Made in Heaven: Investment Benefits of Coworking Spaces in Historic Sacred Places
dc.typearticle
local.authorAffiliationWright, Daniel: Cornell University
schema.issueNumberVol. 16

Files

Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
17_Article_Wright.pdf
Size:
6.06 MB
Format:
Adobe Portable Document Format
Download

Collections

CRER Vol. 16 (2018)