The impact of Coworking spaces on peripheral real estate markets

Thomas Vogl

ERES from European Real Estate Society (ERES)

Abstract: The spread of coworking spaces has increased over the last decade with the rise of freelancers, itinerant workers, and commuters. This activity, which is strongly driven by a spirit of sociability, independence, shared values, and synergy, tends more and more to break away from the typical working districts of the city, becoming satellite stations that record a significant growth in mid-sized and small town areas.The objective of this study was to identify coworking spaces (CSs) in peripheral areas of Germany and find determinants of their real estate markets. Based on desk research, we constructed our own database of 1202 CS. In order to identify peripheral areas in Germany we considered the data from a urban hierarchy and real estate perspective. Further, we collected relevant real estate market data by a desk research for the identified regions.The second-highest number of CSs were found to operate in office market peripheries. This should be explained by a search for lower office rents, which are sought out by CSs. Most CSs in peripheral areas of Germany were only recently established in tourist-oriented regions in the south and north of Germany.

Keywords: Coworking; Peripheral areas; Real Estate Market (search for similar items in EconPapers)
JEL-codes: R3 (search for similar items in EconPapers)
Date: 2022-01-01
New Economics Papers: this item is included in nep-ure
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Persistent link: https://EconPapers.repec.org/RePEc:arz:wpaper:2022_143

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