By the end of 2018, it is estimated that 1.7 million people worldwide will be working in coworking spaces. Coworking is proving profitable – for the operators tapping into this lucrative market, and the coworkers themselves whose projects thrive in creative, flexible environments. Silicon asks Maxime Belair, CEO and co-founder of Popwork (online workplace search platform) to share his insight on the rise of coworking and its future in Luxembourg.
(Featured Image: Maxime Belair, CEO and co-founder of Popwork / Image Credit © Anna Katina)
“Coworking spaces are shared working environments that bring together professionals from different backgrounds. Built around communities of entrepreneurs, they are geared towards niche sectors, or provide communal space for companies of varying sizes and fields of activity. Luxembourg is seeing a wave of third places to meet the ever-growing demand. Whether it’s a corpoworking space (halfway between a coworking space and a business center), creative coworking space, or a space for startups and freelancers, the sector is going from strength to strength with the arrival of new players in the market and local initiatives. If the Grand Duchy was slightly behind a couple of years ago compared to other European cities, it is making up for it now with the number of third places on the rise, both in the capital and beyond.
“The future of work is flexibility. However, the main issue third places need to address is location, in order to build a diverse network of spaces across the country.”
Third places solve issues related to mobility, flexibility, costs and office set-up time. Coworking hubs fit perfectly into the smart city framework given their potential to reduce travel time and provide a unique working experience in an enriching environment. With almost immediate access, flexible contracts and affordable prices, the innovative “plug & work” concept has arrived in Luxembourg.
The future of work is flexibility. However, the main issue third places need to address is location, in order to build a diverse network of spaces across the country. At Popwork, we have noticed significant interest in spaces in towns on the outskirts of major cities or at country borders to tackle transport challenges and reduce commute times.
Coworking spaces in Luxembourg have a bright future ahead of them.”