Shared office spaces are a hot trend in the commercial real estate market and the latest buzz in the technology-driven redefinition of the office. The coworking trend has experienced rapid growth across all the states of the country, yet, there is something special about coworking space rental in New Mexico. Why do so many businesses look for the workspace, and simultaneously, for the development opportunities in this region? According to the recently conducted WalletHub study, NM ranks as the 18th best state to start a business in the country. The state boasts some of the lowest labor costs, living costs, as well as high quality of life, and affordable office space options. Moreover, it is home to various businesses, ranging from manufacturing to R&D. The educational, training, and R&D base is one of the best-developed in the USA. The region has a vast pool of talents, and this advantage boosts its competitiveness. New Mexico’s coworking offices perfectly respond to the occupants’ needs for agile and affordable premises. The world-class talent coupled with the culture of innovation is what is needed for the growth of interest in coworking in New Mexico. Nowadays, there are about 160 thousand small businesses that employ approximately 340 thousand workers. A significant peculiarity of the local business ecosystem is that it boasts a high percentage of high-tech companies that very often utilize shared office spaces in New Mexico. Businesses in the state have a high survival rate, thanks to the multiple incentives offered to them. For instance, there is a 22% reduction in corporate tax across all industries. The bustling startup ecosystem the area is renowned for has significantly grown over the past two decades thanks to the collaborative efforts between state agencies, local universities, and the business community.
