Brick and mortar retailers! Surprise!

Forbes Contributor Andria Cheng writes that

'Coworking space in malls, street fronts and other retail properties will grow at an annual rate of 25% through 2023 to reach about 3.4 million square feet, commercial real estate research and services firm JLL JLL +1.27% wrote in a study published Thursday.  By comparison, 'The average annual growth rate in occupied retail square footage between 2010 and 2017 was just 0.9%, JLL said.' '

What does this mean? Well, coworking is helping to revitalize beloved brick and mortar stores, physical, real stores that you can visit. But there's a twist, now you can go to a space to work, and buy a burger just a short walk from your desk! The future is now.

Andria sums up what the JLL study revealed:

'The study found that the retail and coworking relationship is mutually beneficial. Coworking space hosts are increasingly including retail space as a perk for members.'

' Brick-and-mortar retail isn’t dead. It’s just becoming a place where you can not only shop but also work and do a lot of other things, all at the same time.'

At StumpJump we don't have a burger stand (yet) but you can bet your creative brain we'll have a graphic designer with the perfect logo for your new brand, or a videographer with a eyes sharper than a hawk when they're looking for that divine camera angle for your next viral ad campaign. And really, that's worth a lot more than food.

Unless you're really hungry.
 

Reference Link

https://www.forbes.com/sites/andriacheng/2018/08/10/retail-coworking-spaces/#690eba926d6f