Skip to content-main content

Blog

What do Thanksgiving and CoWorking have in common?

Blog

What do Thanksgiving and CoWorking have in common?

By: Steve Sadler, CEO, Allegiancy

November 26, 2014

Answer: They both remind us that sometimes, we just need to be with people.

With the huge popularity of social media, some of us may now have as many as 1,000 “friends,” “followers,” or “connections.”   But with all these people at our fingertips, why do recent studies show that people feel lonelier than ever before?

Is it because, of our 1,000 virtual friends, who will come over to help us if we fall down our stairs?   And on a related note, why do most of us still travel to visit family and friends at Thanksgiving?

I believe it’s because we still need to be with other people, physically, – at home and at work.   Last year, Yahoo CEO Marissa Mayer made news when she required Yahoo employees to limit their telecommuting and come back to the office.   In defending her decision, Mayer said, “People may be more productive when they’re alone, but they’re more collaborative and innovative when they’re together.  Some of the best ideas come from pulling two different ideas together.”

For these reasons and more, I’m optimistic about the future of commercial office space, and I’m interested in a new trend called CoWorking.   CoWorking offers inexpensive offices, along with some shared space, to entrepreneurs, free-lancers, and start-up companies.   These shared spaces typically include a conference room, a café, and perhaps a copy room.

CoWorking seems to be particularly popular with the Millennials, the newest generation of workers.   With a CoWorking office space of their own, they can still work from home when they want, but they have a place to go that gives them a sense of accountability, community, and shared energy.

With millions of square feet of commercial office space under our management, we at Allegiancy are watching.

We believe CoWorking could be a great tool to help incubate small businesses.  Then, once some of these businesses succeed, we think they may have some loyalty to the building and could lease even more space there.  Only time will tell if this will happen, and if CoWorking will widely catch on.

Meanwhile, based on what we’re seeing, we at Allegiancy believe the future is still bright for good old bricks-and-mortar office buildings.

On behalf of my coworkers, I wish you and your family the happiest of Thanksgivings — here’s hoping you’ll spend it with someone you love.

Recent Blog Posts:

Blog

iGlobal Forum to Host 4th Real Estate Crowdfunding Summit

iGlobal Forum is pleased to present the 4th Real Estate Crowdfunding Summit, taking place in Los Angeles on Thursday, June 23. Allegiancy CEO Steve Sadler is among the speakers, featured on a

READ MORE

Blog

Why George Washington and Henry Ford would have loved crowdfunding

George Washington is known as America’s `First Entrepreneur’ and I am fully confident he would have been a huge proponent of crowdfunding and the new Reg A+ rules — also

READ MORE