East Coast Cities and The Rise of Coworking Spaces

According to recent studies, it’s estimated that by 2020 40% of the United States’ workforce will be classified as “solopreneurs”, freelancers, independent contractors, and temp employees. This change in landscape is causing cities everywhere to rethink they're current corporate and office solutions. No longer in need of huge, segmented office spaces designed to hold large corporations and companies, cities are looking to offer creative solutions to these independent workers.

On the East Coast, working in coffee shops has become a mainstay in many people’s lives. And while the coffee is good, they lack the amenities you need to really work effectively - like basic office supplies. The environment, while better than working from home in most people’s opinion, can lack the energy needed to get work done, often becoming a distraction rather than a boon to working.

Looking to create an option that makes sense for this new workforce, East Coast cities, like New York City, Baltimore, and Boston, are looking closely at the benefits of coworking.

Coworking creates a healthy environment for people to work in. Actually, 70% of people who use coworking spaces actually say they feel healthier than they did when in a corporate office setting.

Another benefit of coworking is that it creates an environment that promotes accountability, with research showing that working in such a space actually makes you 64% more likely to get work done on time than if you worked at home or in a coffee shop.

But perhaps the biggest benefit of coworking that is making East Coast cities think seriously about converting old office space is that studies show that people who work in coworking environments are 92% satisfied, which means there is a growing demand.

As mentioned above, Baltimore is one of the major cities taking serious action to create more enjoyable workspaces for these new “solopreneurs”. Among the new spaces is Homebase, a seriously cool and innovative coworking environment that is quickly becoming one of the most popular spaces to get things done in town.

If you live in the Baltimore area, you can schedule a tour of Homebase’s unique coworking space today.