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Why Multifamily Apartment Communities Should Incorporate Coworking Spaces for Work-From-Home Renters


An increasing percentage of white-collar workers work remotely, and multifamily apartment communities must adapt to this changing dynamic. A rising number of owners are incorporating coworking spaces into their building plans to cater to work-from-home renters. Having larger floor plans and shared work areas can improve productivity and efficiency, enhance resident satisfaction, and increase property value.

What is a Coworking Space

Many people are opting to work at coworking or dedicated workspaces. Popular coworking spaces include Office Evolution, Intelligent Office, and others nationwide. These typically charge individuals or companies a fee to rent a private office or a more flexible, open space. They have meeting rooms, hot desks, lounges, phone booths, etc.

Why Coworking Space is in Demand

The pandemic has radically changed the office landscape, and more people are now working from home than ever before. According to a recent survey by FlexJobs, 65% of people have shifted to remote work since the pandemic began.

Coworking spaces can provide an environment that increases creativity and productivity. These spaces reduce the distractions of laundry, child care, and other home-life interruptions. As working from home has become an accepted practice, we see how isolation for many entrepreneurs and remote workers can affect productivity and mental health over time. A workspace in the apartment building can offer tenants the best of both worlds. Coworking spaces in multifamily apartment communities can foster a sense of community among residents, making the building an even more desirable place to live.

Benefits of a Coworking Space as an Amenity  

Incorporating coworking spaces into multifamily apartment communities could attract renters away from communities in direct competition. A coworking space as an amenity can also increase rental income as residents are willing to pay more for this service. Incorporating a coworking space is a powerful way to differentiate a building from competitors and increase the appeal to prospective renters.

What Are Ideal Coworking Spaces

Coworking spaces should be quiet and have adequate lighting, sound insulation, and ventilation. They should also have various options, such as a private office set up with a desk, chair, communal tables, or individual workstations. Meeting rooms, sound-proof phone booths, strong Wi-Fi, and the necessary high-performance internet and security are crucial to cater to various work styles and preferences.

Changing Work & Life Culture

Multifamily apartment communities must adapt to the changing work culture and provide tenants with the resources to work productively from home. The demand for remote work continues to increase, and property owners should revise their communities to accommodate the new changes.

In addition, technology has further opened a wide range of possibilities for multifamily apartment projects that will compliment a coworking space. Elevate your apartment project by implementing these top digital amenities:

  • Smart home technology
  • High-speed Wi-Fi
  • Community apps
  • Fitness technology

LSG Lending Advisors

With the increasing expectations of renters and the ever-changing landscape of work, now is the perfect time to add coworking space to your multifamily apartment building. LSG Lending Advisors is ready to discuss your next project relating to multifamily, health care properties, HUD loans, loan application process, new construction and more. With the best terms and rates and the highest levels of service partnering with LSG Lending Advisors will help you reach your multifamily investment goals.   

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