Coworking is a relatively new office concept in the real estate industry, bringing people together from different businesses to share a workspace, equipment, services, and ideas. With the rapid growth of mobile computing, coworking has been a natural complement to those who can work anywhere, but prefer to have a shared and defined space where they can be in a professional environment and where they can invite peers, suppliers, and clients to meet. Whether members have a private office, dedicated desk, or roam freely amongst the open workspaces…they all enjoy the amenities, community, and ability to buy services by the drink (conference rooms, receptionist, IT help, etc).
The coworking industry has grown from a single location in 2005 to over 800 across the nation today, but remains very much so in its infancy. Many mom-and-pop startups have tried and failed due to insufficient capital, poor designs, and inadequate services and amenities. A handful of regional and national players had begun to crack the code, albeit not yet in the Denver, Colorado market.