Real Estate Trends

Walking through Union Square in late August, it was difficult to miss the new advertising campaign for Breather. Breather is just the latest space-by-the-hour option for New Yorkers who are in desperate need of space, even if it is simply a small room barely large enough to accommodate two chairs and a table. Of course, Breather isn’t the only company now selling space-by-the-hour to city residents. The market for shared workspaces also continues to grow, providing a growing army of local freelancers with access to desks and even soundproof telephone booths where it is possible to talk to clients without explaining a barking dog or screaming baby in the background. That so many New Yorkers are willing to pay anywhere from $40 to $100 per hour for a small room where it is possible to have a thought or make a phone call without distraction may appear to offer profound evidence of the city’s space crisis. But are New Yorkers really lacking space, or is our sense of space simply unrealistic? Are we just too precious about the space needed to live and work?
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