MAP: See the Most Popular Neighborhoods for Working from Home
June 2, 2015

Upper West Sider Jennifer McGuire works from her apartment's second bedroom three days a week.

On other days, she sets up shop at co-working spaces in her neighborhood or at other locations that might be near client meetings since McGuire — who runs her own small public relations firm — believes "changing your environment can change your mindset."

McGuire is part of the city's expanding economy of office workers who do their jobs at home or elsewhere outside of a traditional office.

The real estate industry is paying close attention to this workforce. Many developers are building co-working spaces in new (and sometimes older) residential projects, while co-working companies with monthly memberships, like WeWork and the Yard, are snatching up commercial spaces across the city...

There isn't a lot of demographic data that the Census collects on this workforce, but according to national numbers, people who work from home skew older, whiter, male and more affluent, according to 2010 Census data, said Heidi Learner, chief economist at commercial real estate firm Savills Studley.

Roughly 27 percent were 45 to 54 years old in 2010. More than 51 percent were male; 87 percent were white and approximately 50 percent of them earned $100,000 a year or more...

Co-working spaces have leased more space than any other industry in the last few years, said Savills Studley Senior Managing Director Evan Margolin, adding, "I don't see any signs of it slowing down."

Margolin helped the Yard find space for its fifth New York City location, which is expected to open in Herald Square in September and just helped it ink a lease for a 33,000-square-foot building in the Flatiron (around the corner from one of its existing spots), which is expected to include office suites and co-working spaces for 450 people, an event space for 150 people, a rooftop garden and a full service "gentlemen's grooming club..."

MAP: See the Most Popular Neighborhoods for Working from Home

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