The new sharing economy is changing the way business has traditionally been done across industries. The commercial real estate industry is no exception. Just like Uber and Lyft have disrupted the hired car industry and Airbnb is upsetting the hospitality industry, the trend of coworking, or shared office space, is revolutionizing commercial real estate.

Cosharing is changing the face of the traditional office

Cosharing is the wave of the future. In fact, some say it has already become a fixture in the commercial real estate market. The numbers are impressive. For example, in June of 2015, WeWork, New York City’s largest commercial real estate tenant and a leader in the coworking space, received a valuation of $10 billion. A recent survey of over 200 major commercial real estate organizations found that 40% are considering coworking spaces. There has been a proliferation of cosharing spaces and enablers in the United States, Europe and Asia.