Coworking spaces have become exceedingly important around the world, and the trend continues to grow. But what makes these workspaces so popular?
In this article, we’ll take a quick look at what coworking spaces are and the many benefits they have to offer!
What are Coworking Spaces?
Coworking spaces are all about sharing a workspace with others, yet they are much more than that. These workspaces are also places that foster community and sustainability.
Coworking spaces are designed to be places that create a productive environment where everyone can stay focused and get work done. However, these spaces also provide a dynamic community that’s all about collaboration without the constraints of a traditional office.
These workspaces are predominantly popular with freelancers, entrepreneurs, and small businesses. However, larger organisations are also finding coworking spaces beneficial.
The Benefits of Coworking Spaces
So, what makes coworking spaces so popular? It’s because of the many benefits they provide!
Coworking spaces offer flexibility for businesses of all types and sizes. That’s because there are no strict rules when using the space. For instance, it’s possible to book the spot you desire, then show up and get to work. There’s no requirement to work with others around you. However, if you’d like to collaborate or reach out, then there are people around who are open to doing just that.
What’s more, these spaces usually offer a flexible lease, which means you can scale as needed. There’s no long-term lease, so you’re not stuck in a situation when it no longer works for you.
2). Cost-Effective Solution
When renting a traditional office, there are plenty of costs involved. You’ll need to pay the rent, utilities, building maintenance, and more. However, with a coworking space, you pay one fee and have access to the space you need, as well as plenty of perks. Everything’s included in one monthly fee.
A coworking space also offers a pay-as-you-go membership, which provides even more flexibility for you and your business.
There’s no need to pay for expensive furniture, rent, utilities, and more. You’ll have access to all of this and more with a coworking space.
We said you’d have access to amenities. What do these include? Coworking spaces usually provide access to fast Internet connections, comfortable workspaces, a team of business professionals, all the great coffee you want, and much more.
Coworking spaces also provide private phone booths, fully equipped meeting rooms, and the list goes on. If you’d like to use a meeting room, all you need to do is let the management know. Book the room for the date and time you need. Then let them know how the room should be arranged, the tech needed, and more. There may be a fee for the meeting room, but the spaces are usually offered at a discount to coworking space members.
4). Networking Events
Not only will you be working with other like-minded business owners, but management firms behind the coworking space usually offer networking events. These are usually held onsite and maybe meal nights, skill-sharing/building, and much more.
These events not only help you to learn skills and more, but they also provide great opportunities for connecting with others who also use the space.
You’ll have the chance to meet business owners who may be able to offer advice and guidance, collaborate on projects, or even connect with new clients. It’s all possible through the coworking space networking events.
5). Increased Productivity
Working from home or a café can be fine; however, you usually have to deal with interruptions and distractions. For instance, at home, your kids (or pets) may demand attention right when you need to focus or are in a meeting. In a café, you’ll have to deal with all the noise going on around you, as well as crowded conditions.
With a coworking space, on the other hand, you’ll have a space that’s been designed to increase your productivity. Go into work at your space and focus. In addition, some coworking spaces offer 24/7 access, which means you can work when your productivity is at its highest. You don’t have to worry about keeping anyone at home awake. Instead, you can get work done any time, day or night.
6). Increase in Creativity
Something not many people consider is that coworking spaces are also great for boosting creativity. Why is this? Because you’re working with others, being exposed to innovative ideas and methods of working.
And let’s face it. Sometimes a change of scenery can boost your creativity, too. Working from home or in a café all the time can get old. So, why not shake things up a bit by occasionally working at a coworking space?
Some coworking spaces also have other locations. This means it may be possible to use your membership in other locations, too. These spaces may be in the same city or in other places around the country.
This is a huge benefit for business owners who travel frequently. It’s also a great opportunity to use the coworking space membership to branch out in a new location.
This way, you can change things up or experiment with a new city to scale your business.
8). Community Manager
Many coworking communities also have a community manager who makes sure your coworking experience is the best. They generally send out a community newsletter with news items about the community, introducing new members, and sharing details on upcoming events.
Managers also help introduce those working in the space together. And if you have any problems, just let the community manager know, and they’ll find the right solution for you.
9). Reduce Loneliness
Coworking spaces also help reduce loneliness when working remotely. Isolation can be stressful; however, when sharing a space, you’ll have more opportunities to interact with others. And if you don’t want to reach out, just working in a more social atmosphere is enough to lift those lonely feelings.
Summing It Up
As you can see, coworking spaces offer many benefits for your business. These are the very reasons coworking has become so popular around the world.