According to a survey among coworking operators senior executives, equity investors, traditional landlords, lenders, and brokers in the United States and Europe, coworking has had an effect on the average terms of traditional office leases. Approximately 83 percent of coworking operators believed that it has led to shorter leases. In contrast, only half of traditional office landlords felt that this was the case. Coworking spaces, unlike traditional offices, offer members a workspace that is not attached to a specific business.
Share of people who agree that coworking has materially shortened average terms for traditional office leases in the United States and Europe as of 1st quarter 2019
Characteristic
Agree
Disagree
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Survey respondents consist of 100 senior executives (coworking operators, equity investors who fund coworking operators and/or coworking funds, traditional landlords, lenders and brokers). 75 respondents were based in the United States, with the rest based in the United Kingdom and Europe.
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Ropes & Gray. (June 11, 2019). Share of people who agree that coworking has materially shortened average terms for traditional office leases in the United States and Europe as of 1st quarter 2019 [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/1190782/coworking-effect-on-traditional-office-lease-terms-length-united-states-and-europe/
Ropes & Gray. "Share of people who agree that coworking has materially shortened average terms for traditional office leases in the United States and Europe as of 1st quarter 2019." Chart. June 11, 2019. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/1190782/coworking-effect-on-traditional-office-lease-terms-length-united-states-and-europe/
Ropes & Gray. (2019). Share of people who agree that coworking has materially shortened average terms for traditional office leases in the United States and Europe as of 1st quarter 2019. Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/1190782/coworking-effect-on-traditional-office-lease-terms-length-united-states-and-europe/
Ropes & Gray. "Share of People Who Agree That Coworking Has Materially Shortened Average Terms for Traditional Office Leases in The United States and Europe as of 1st Quarter 2019." Statista, Statista Inc., 11 Jun 2019, https://www.statista.com/statistics/1190782/coworking-effect-on-traditional-office-lease-terms-length-united-states-and-europe/
Ropes & Gray, Share of people who agree that coworking has materially shortened average terms for traditional office leases in the United States and Europe as of 1st quarter 2019 Statista, https://www.statista.com/statistics/1190782/coworking-effect-on-traditional-office-lease-terms-length-united-states-and-europe/ (last visited August 25, 2024)
Share of people who agree that coworking has materially shortened average terms for traditional office leases in the United States and Europe as of 1st quarter 2019 [Graph], Ropes & Gray, June 11, 2019. [Online]. Available: https://www.statista.com/statistics/1190782/coworking-effect-on-traditional-office-lease-terms-length-united-states-and-europe/
