The local effects of new workspaces: Analyzing the relations between coworking spaces and the real estate market in Shanghai

IF 4 2区地球科学 Q1 GEOGRAPHY

Applied Geography Pub Date : 2025-03-09 DOI:10.1016/j.apgeog.2025.103590

Linrong Fu , Mingfeng Wang

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引用次数: 0

Abstract

The ‘Third Space’ theory explains the unique appeal of coworking spaces (CWs) for freelancers and independent workers. This study analyzes the relations between CWs and the real estate market in Shanghai, illustrating their local impact. With a database of 861 CWs in Shanghai, this paper evaluates the spatial distribution and pricing of these spaces concerning residential and office real estate prices and rents. By employing spatial analysis and statistical methods, the study indicates a concentration of CWs in Shanghai’s city center, where prices are higher, compared to a less concentrated distribution in the suburbs, where prices are lower. The study demonstrates a significant correlation and spatial autocorrelation between CWs and both residential and office real estate. The findings suggest that CWs located in or near high-end residential areas and high office rental areas in the city center are economically viable, promising a greater return on investment. Meanwhile, CWs offer a way to repurpose underutilized resources in corporate real estate strategies. In addition, the study hypothesizes that CWs can also be viewed as potential influencers of the real estate market. These insights hold value for urban planners, investors, businesses, and residents.

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新办公空间的本地效应：上海联合办公空间与房地产市场的关系分析

“第三空间”理论解释了联合办公空间（CWs）对自由职业者和独立工作者的独特吸引力。本研究分析了农民工与上海房地产市场的关系，说明了农民工对当地的影响。本文以上海市861个CWs为数据库，对CWs的空间分布和定价进行了评价，并结合住宅和办公房地产的价格和租金进行了分析。通过空间分析和统计方法，该研究表明，CWs集中在上海市中心，那里的价格较高，而郊区的分布不太集中，价格较低。研究结果表明，城乡结合部与住宅和办公地产均存在显著的相关关系和空间自相关关系。研究结果表明，位于市中心高端住宅区和高办公租赁区或附近的CWs在经济上是可行的，有望获得更高的投资回报。同时，CWs提供了一种重新利用企业房地产战略中未充分利用的资源的方法。此外，该研究假设CWs也可以被视为房地产市场的潜在影响因素。这些见解对城市规划者、投资者、企业和居民都有价值。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Applied Geography GEOGRAPHY-

CiteScore

8.00

自引率

2.00%

发文量

134

期刊介绍： Applied Geography is a journal devoted to the publication of research which utilizes geographic approaches (human, physical, nature-society and GIScience) to resolve human problems that have a spatial dimension. These problems may be related to the assessment, management and allocation of the world physical and/or human resources. The underlying rationale of the journal is that only through a clear understanding of the relevant societal, physical, and coupled natural-humans systems can we resolve such problems. Papers are invited on any theme involving the application of geographical theory and methodology in the resolution of human problems.