A Glimpse Into NYC’s Booming Boutique Coworking Scene – Commercial Property Executive September 4, 2022 Beth McCandry From BFFs to real estate investment partners Berks County real estate transactions for Sept. 4
 100vw, 300px”/>The New Work Project coworking space. Image courtesy of The New Work Project</p>
<p>The coworking segment seems to be flourishing again, mainly because of new office work arrangements but also due to rising demand for a more balanced work-life dynamic. In addition, more landlords are planning to diversify their portfolios and are taking a closer look at flex office space. A recent JLL report predicts that more than 30 percent of office spaces are expected to become flexible in the next decade.</p>
<p>Although New York City is among the markets still recovering after the health crisis, the metro’s coworking scene seems stable. One of its most appealing subsectors is represented by the boutique coworking spaces that attract artists, designers and other creatives who are in search of more than just fast Wi-Fi when booking a seat or leasing an office.</p>
<p>Opened in 2018 in Williamsburg, The New Work Project is an intimate, design-led coworking space for freelancers and small teams. Its founders, the duo behind design studio The New Design Project, describe it as a “workspace that serves as a cultural hub for the local creative.” Co-founder & CEO James Davison and Co-Founder Fanny Abbes have shared more details on how to stay competitive in the market, their business model and the design of their cool Brooklyn coworking spot.</p>
<p><strong>How would you describe the coworking market at the moment, especially following the rise of hybrid working models?</strong></p>
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