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The impact of Coworking spaces on peripheral real estate markets

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  • Thomas Vogl

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.

Suggested Citation

  • Thomas Vogl, 2022. "The impact of Coworking spaces on peripheral real estate markets," ERES 2022_143, European Real Estate Society (ERES).
    • Handle: RePEc:arz:wpaper:2022_143
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    More about this item

    Keywords

    Coworking; Peripheral areas; Real Estate Market;
    All these keywords.

    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

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