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“Co-working spaces offer benefits, but shared area invite legal risks”

Chicago Daily Law Bulletin By Adam J. Falkof

Below is an excerpt:

Over the past few years, shared working spaces have expanded in Chicago and nationwide. Based on recent estimates, there are more than 800 co-working spaces with more than 50,000 office-goers nationally - including more than 100 co-working spaces in Chicago.

“Co-working space” is broadly defined as office space where individuals or companies rent desks or cubicles on either a monthly or daily basis. Landlords generally lease space through a license agreement with tenants, who are usually called members. Co-working spaces typically feature open layouts, much like a large coffee shop. Most co-working spaces offer services in addition to a place to work, such as community mixers, classes, speaker panels and introductions to business leaders.