capitol hill

LIBRARY

Project:
3rd Semester Grad School Studio

"The era of cubicles and water coolers is coming to an end.

As businesses adapt to the increasingly specific needs of today's consumer, the office environment is also evolving to meet the needs of today's workforce. Nowhere is this more apparent than in the startup tech industry and co-working world.

The current generation of entrepreneurs is seeking environments that accommodate a highly competitive yet creative lifestyle, with the least economic impact on their company. They're working 24/7 for their startup so they chafe at the constraints of a 9-to-5 workweek.

Instead of renting offices, they're embracing the hottest trend in business: co-working spaces.

A co-working space is an open-access, turnkey environment designed to be an affordable office alternative for startups, freelancers and other independent workers. Worldwide, it's estimated that there are nearly 2,500 co-working spaces as of early 2013, up 83 percent from the year before.

They serve nearly 110,000 workers and approximately 245 new people join a co-working space each day."

-Miao. Lin. "Why Co-working Spaces Will Dominate by 2020." Smart Business. N.p., 19 Dec. 2013. Web. 15 July 2014