Real estate developers and architects are now designing properties for a growing workforce of entrepreneurs and consultants who have made working from home a popular option. According to the U.S. Bureau of Labor Statistics (BLS), in 2016, 15 million workers, or 10% of the workforce, reported themselves as self-employed. Analysts expect the number of American workers with flexible schedules who don’t need to work in a traditional office – telecommuters – to continue growing.
Homebuilders are Rethinking Floorplans for Telecommuters
Instead of erecting single-family homes in the traditional sense, architects are developing fresh ideas. Among them are flexible, open, and also fully wired work areas that residents can use as office space. These designs are even appealing to people who work in offices. The space allows them to get work done during off hours and on the weekends, without leaving home.
The BLS reports that older workers have higher rates of self-employment than younger workers. As such, developers are targeting mature workers who may be looking to downsize into a single-family home with these open-office designs.
Apartment Buildings with Communal Workspaces are Popular
Instead of hoofing it from an apartment to a nearby coffee shop to get work done, architects are bringing the cyber café feel in-house to accommodate workers in their 20s and 30s. These renters are more interested in smaller apartments that offer large spaces for public amenities like workstations with plenty of electrical outlets and easy access to wifi.
These spaces often mimic the environments of technology companies by featuring modern furniture, large windows and sometimes free java. But that’s not the real draw. Younger workers enjoy the social aspect of working in the same space as their peers. They value having the means of building camaraderie and sharing ideas.
Condo Developers are also Getting in On the Action
Luxury condo developers are offering similar work spaces. In Manhattan’s financial district, residents have the option to purchase offices with separate entrances from living areas. Developers expect to finish the new spaces by this summer. They are already drawing interest from foreign workers who need a place to set up shop when taking longer business trips.
More Amenities are Popping Up for Telecommuters
Offering renters a place to work inside their apartment building is just the tip of the iceberg. Developers are increasingly dedicating space in their buildings for yoga studios, gyms and bike-repair shops. These extras are great for renters. Additionally, the community often makes these amenities available to residents at no additional cost.
With so many amenities available in newer apartment buildings, tenants can find almost everything they need without ever stepping a foot outside. Considering the crazy Boston traffic, skipping a daily commute could be just the ticket for busy workers.
Published June 7, 2017
Demetrios has pulled together the largest apartment leasing team in the Greater Boston Area and is responsible for procuring more apartment rentals than anyone in New England – with over 130k people finding their housing through his services. Demetrios is an avid real estate developer, peak performance trainer, educator, guest lecturer and motivational speaker.