Sign up for our daily briefing

Make your busy days simpler with the Axios AM and PM newsletters. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on the day's biggest business stories

Subscribe to the Axios Closer newsletter for insights into the day’s business news and trends and why they matter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sign up for Axios Pro Rata

Dive into the world of dealmakers across VC, PE and M&A with Axios Pro Rata. Delivered daily to your inbox by Dan Primack and Kia Kokalitcheva.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sports news worthy of your time

Binge on the stats and stories that drive the sports world with the Axios Sports newsletter. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tech news worthy of your time

Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Get the inside stories

Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Denver news?

Get a daily digest of the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Des Moines news?

Get a daily digest of the most important stories affecting your hometown with the Axios Des Moines newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Twin Cities news?

Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Tampa Bay news?

Get a daily digest of the most important stories affecting your hometown with the Axios Tampa Bay newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Charlotte news?

Get a daily digest of the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Nashville news?

Get a daily digest of the most important stories affecting your hometown with the Axios Nashville newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Columbus news?

Get a daily digest of the most important stories affecting your hometown with the Axios Columbus newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Dallas news?

Get a daily digest of the most important stories affecting your hometown with the Axios Dallas newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Austin news?

Get a daily digest of the most important stories affecting your hometown with the Axios Austin newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Atlanta news?

Get a daily digest of the most important stories affecting your hometown with the Axios Atlanta newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Philadelphia news?

Get a daily digest of the most important stories affecting your hometown with the Axios Philadelphia newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Chicago news?

Get a daily digest of the most important stories affecting your hometown with the Axios Chicago newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sign up for Axios NW Arkansas

Stay up-to-date on the most important and interesting stories affecting NW Arkansas, authored by local reporters

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top DC news?

Get a daily digest of the most important stories affecting your hometown with the Axios DC newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Illustration: Sarah Grillo/Axios

People aren't working from the office, but they're not working from home either.

The big picture: As the world begins to move past the pandemic but holds onto remote work, we're seeing the rise of "third workplaces" — teleworking spots in cafes, hotels or co-working spaces.

By the numbers: About 65% of companies — startups and huge employers alike — want to have a hybrid office after the pandemic, per recent survey data from the commercial real estate firm CBRE provided to Axios.

  • "But hybrid work is not a binary choice between home or the office," says CBRE's Julie Whelan. "As the majority of large companies are hybrid-focused, these third places are going to be a huge part of work."

What's happening: Alternative work environments are gaining popularity because working from home or the office can be full of distractions.

  • Parents are juggling work with child care, and apartment dwellers are dodging roommates while they take calls.
  • Even if you don't intend to do the dishes or fold the laundry until you're done for the day, just seeing it there can quickly take you out of the work mind-set, says Georgetown professor Cal Newport, author of "Deep Work."
  • And at the office, getting approached by colleagues or your manager could derail focus, he says.

"Third workplaces" are popping up all over cities.

  • Hotels are adding remote work facilities.
  • WeWork allows workers to rent space by the hour.
  • It's also a new way for restaurants, many of which are still recovering from the shock of the pandemic, to make extra cash.

Thursday, I worked from Kindred, a restaurant in New York that doesn't open for diners until 5pm but offers a work-from-home reservation during the day.

  • For $25, I booked a table in a beautifully decorated and covered outdoor dining area with nearby outlets and high-speed WiFi. And I had access to water and free coffee all day. I'll definitely be back.
The remote work setup at Kindred. Photo: Erica Pandey/Axios

The "third workplace" phenomenon is even fueling the creation of startups. "Giving people a place to go that's not their house is a huge business opportunity," Newport says.

  • Flown, a U.K. company started in March, is like Airbnb for teleworkers.
  • An individual or a team can book time at one of Flown's remote-work-ready properties in the U.K., Spain and Portugal to get away and work from a beautiful place.
  • The company also offers virtual co-working sessions with other Flown users if people crave some company while working remotely.
  • There was a small market of remote or hybrid workers seeking out third places before the pandemic, but "this was a such a huge shift," says Alicia Navarro, Flown's founder. The firm plans to expand into the U.S. and beyond.

The bottom line: Workers all over the world are realizing that working remotely outside of a deadly pandemic doesn't necessarily mean working from your home.

Go deeper

Sep 24, 2021 - Economy & Business

Pandemic-era surveillance of remote workers may be here to stay

Illustration: Brendan Lynch/Axios

Hard workplace reality: The heightened pandemic-era surveillance that workers thought was temporary is showing signs of longevity.

Why it matters: The pandemic popularized surveillance and data collection as America's workforce rapidly pivoted to remote work.

2021 economy boomed at fastest rate in 37 years

Source: Bureau of Economic Analysis

The U.S. economy surged ahead with a 6.9% annual growth rate in the final months of 2021 and achieved the strongest growth over an entire calendar year since 1984.

Driving the news: New GDP numbers from the Commerce Department show a remarkable acceleration in economic activity, much faster than the 5.3% growth rate analysts expected.

The Fed isn't the only problem investors are worried about

Illustration: Aïda Amer/Axios

The Federal Reserve will be raising rates, just as the economy is slowing. The markets hate that.

Why it matters: The ugly start to the stock trading year doesn't just reflect Fed-induced agita — investors are also worried about a growth slowdown.

You’ve caught up. Now what?

Sign up for Mike Allen’s daily Axios AM and PM newsletters to get smarter, faster on the news that matters.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!