This year has signaled a high watermark for live-work-play developments under construction, with 72 such projects either delivered or close to completion as of year-end — and 2023 is on track to beat that record.

A CoworkingCafe analysis of Yardi Matrix and Commercial Edge data notes that "coworking space is the new twists." Coworking was a component in 90 live-work-play developments over the past decade, in a trend CommercialCafe analysts say caters to the rising demand for flexible workspaces. After a brief pandemic-era blip in construction, 10 new coworking spaces were integrated into LWP developments this year, with two more in the pipeline for 2023.

"The fusion between LWP and coworking is a natural response to the rising demand for flexible workspaces from remote workers, freelancers, startups or smaller businesses," writes CoworkingCafe's Laura Pop Badiu. "In many cases, a coworking space in an LWP building is a more convenient arrangement than a single, larger company providing an office space there that would only benefit employees who also happen to be residents in said building. Conversely, coworking spaces welcome workers from any and all companies."