Exploring the effects of coworking in two European cities: Financialisation flows and consumption patterns in Athens and Berlin

Abstract

With the continuous deregulation of state functions in processes of neoliberal urban production, coworking spaces have emerged as autonomous actors in processes of urban development, as they appear to conglomerate flows of freelancers, startuppers, remote workers, digital nomads and financial capital from private investors and large corporations. As such, these actors could play an important role in the organisation of urban activities that could have multiple impacts on the urban economy. Tracing the effects of coworking spaces in metropolitan cities, this qualitative analysis is focused on coworking spaces in Athens and Berlin, two cities characterised by different development trajectories, socioeconomic and cultural contexts and positions within the European and global urban hierarchy. The results reveal that coworking spaces demonstrate high levels of adaptability to the specific characteristics of the urban contexts in which they are located and play a dual role by (1) shaping and channelling the consumption patterns of coworkers while also (2) operating as mediators and facilitators of multilevel private investment and financialisation processes.