Exploring the characteristics of non-urban coworking spaces in Germany and their perceived benefits for corporate users: novel means for supporting corporate real estate management strategies

Abstract

PurposeThis study aims to enrich our understanding of the characteristics of non-urban coworking spaces (CSs) that focus on corporate users, as well as the benefits that companies expect to gain from incorporating those CSs into their corporate real estate (CRE) portfolios.Design/methodology/approachThis study leverages a series of in-depth interviews with owners and managers of CSs in non-urban locales that focus on serving corporate clients.FindingsThe research reveals various CS characteristics and forms within non-urban areas, focusing on corporate clients. It suggests that implementing a CS in corporate premises is perceived to enhance CRE use-value strategies with a focus on the employee's well-being, innovation and the attraction of talents. Moreover, exchange-value strategies with a focus on portfolio flexibility may benefit from the implementation of a CS. However, strategies related to life-cycle cost optimization or gains are not perceived to be supported. Social events for the surrounding neighborhood and the choice of location emerge as critical success factors for non-urban CSs. Besides infrastructure and connectivity, non-urban corporate-centric CSs built their location decisions rather on a personal connection to the location and place of residence of potential users than on lower rental prices.Originality/valueThis research pioneers in providing a comprehensive understanding of non-urban CSs, particularly in the context of their perceived implications for corporate real estate management. The nuanced perspectives it offers are invaluable for stakeholders looking to leverage CSs as part of their corporate strategies.

The promise and perils of coworking in residential areas: a systematic review of health and community impacts

“…These endeavors can potentially improve gender diversity and financial performance in housing (Schrand et al ., 2018). CSs have also been found to reduce social isolation among knowledge workers by fostering a sense of community and enhancing productivity through shared experiences, thereby promoting workplace health and wellbeing (Vogl et al. , 2024).…”