The highest concentration of co-working spaces in retail nationally is in malls.
This is part of a nationwide trend in commercial real estate: the conversion of malls into office space.
Malls’ big floor plates and exceptionally high ceilings are ideal for state-of-the-art creative office spaces.
Offices are less risky than retailers, and in some cases generate foot traffic for the mall’s remaining stores and restaurants.
The biggest beneficiaries of the conversions of retail to office are co-working enterprises which provide shared work spaces primarily to entrepreneurs, freelancers and start-ups.