EXPLORING THE IMPACT OF COWORKING “SPACE AS A SERVICE (SPAAS)” BUSINESS MODEL ON THE COMMERCIAL REAL ESTATE SECTOR: A SYSTEMATIC LITERATURE REVIEW

Abstract

In the last decade, the development of flexible workspaces has become a global phenomenon. It is forecasted that by 2030, buildings will quickly and flexibly respond to the demands of those who occupy them. Indications of such transformations are evident even in the contemporary real estate arena. Coworking which is defined as the ‘third wave of virtual work’ is paramount in such transformations. However, despite this advancement and acknowledgment of success of these workspaces in the commercial real estate market, a limited number of academic studies exist. Further, attempts made on consolidating the existing knowledge base is not adequate. Thus, the aim of this paper is to review the existing literature and identify common themes and interesting research gaps in the coworking space business model for future research. Through this systematic review, 24 articles were reviewed. This review included quantitative, qualitative and mixed approach research articles published on coworking space context during the past five years. A comprehensive review was done using eight key rubRoyal Institute of Charted Surveyors . Finally, many important gaps in the existing literature were identified on the coworking space context and sharing economy and directions for future investigations were provided.