Faster skill learning, better connectivity, and improved wellness among the reported benefits.

The American office may want to mimic the late, great Mark Twain who once said that erroneous reports of his demise were “greatly exaggerated.”  In fact, more and more Americans are heading back to the office either fulltime or on a hybrid schedule. The vast majority of companies, including those like Facebook, Microsoft and others aren’t abandoning physical space.  Instead, they are rethinking the changing role of the office to determine how it can promote a positive culture, sustain company growth and complement talent recruiting and retention.

“Tenants are looking at how an office space can work for them and the new office routines of their employees,” said Sheldon Oppermann, Executive Vice President for Compass Properties.  “It’s not just about cost per square foot anymore.  Commercial real estate must be positioned as a solution that can deliver an excellent tenant experience.  For many companies, that includes flexible space options, shared meeting spaces and amenities.”

Coworking and other flexible space approaches were finding their way into the corporate real estate strategies of many of the world’s largest companies, even before the pandemic. Companies ranging from telcos (Sprint, AT&T) to tech giants (SAP, IBM), to automakers and insurance companies (MINI, State Farm) are experimenting with different versions of on-premises coworking and flex space. These companies are looking for the reported benefits of shared workspaces — faster skill learning, better connectivity, and improved wellness. Companies also want well-managed flex space that is supported by amenities and enabled by technology.  Buildings lacking these attributes are now at a major disadvantage.

Coworking space within the premises of a company has its own name – “corpoworking.”  True corpoworking is more than just flexible workplace.  The former is a community and the latter is a commodity. says Mike Hannigan, founder of Coworkinn, who believes that operating as a community is the essence of coworking. While corpoworking is a relatively new approach, studies show it has great potential to boost productivity and employee satisfaction.

Research shows that employees, especially younger ones, enjoy the vibe of working in a space similar to those that built the coworking movement.  According to researchers at the University of Michigan, the most common reasons people seek coworking inspired spaces are interaction with people (84%), random discoveries and opportunities (82%), and knowledge sharing (77%). Corporate coworkers seek the same.

Experts say a well conceived corpoworking space can help breathe a fresh sense of community into the   organization; it encourages people to feel they can bring their most authentic selves to their work, and contributes to more fulfilling careers. Companies lacking a positive sense of community are more likely to see “high turnover rates, low employee morale, and unnecessary workplace drama.”

“Community is the focal point of the tenant experience at CityCenter735,” Oppermann said. “We want to be Milwaukee’s premier destination for companies looking for an inviting and collaborative atmosphere. A place with flexible office space and amenities. An exceptional business environment with a focus on health, sustainability and community.”