For some businesses, rents for offices aren't worth the cost of admission anymore given the slowdown the CRE asset class has seen with the work-from-home trend picking up since the pandemic. However, the solution to save money might be opting for coworking spaces – with Miami and other Sunbelt areas leading the charge.
A report from CoworkingCafe compared the annual costs of securing 10 dedicated desks versus leasing a traditional 2,000-square-foot office for 10 employees in 102 cities. Overall, the listing service found that the first option is more affordable in 97 percent of the cities compared with the latter one.
Miami provided the fifth biggest savings among the regions observed and was found to be 61.1 percent cheaper.
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