Flexible office space is proving to be the post-pandemic model workers and companies actually want – and LocalWorks is filling up fast.
As vaccination rates climb across the DMV and companies begin calling workers back in, one trend is becoming clear: the traditional long-term office lease is losing its grip. Workers want flexibility. Companies want optionality. And suburban coworking spaces – places where a team can book a professional office without signing a five-year contract – are becoming the unexpected winners of the return-to-office era.
LocalWorks, a coworking and shared office management company that helps property owners fill underutilized commercial space, is at the center of that shift. The Washington D.C.-area company told Technical.ly it has reached 90% occupancy across its locations and is aggressively expanding – from 20 spaces to a projected 30 locations by end of summer 2021 – spanning the D.C. suburbs, Chicago, and New England.
"People Want Something Not Tied to a 5–7 Year Lease"
That quote, from LocalWorks founder Barry Greenfield, captures why the company's model is resonating right now.