Today, more than ever before in history, there is a high demand for space to work in.
Instead of people working in isolation in their own homes or bedrooms, they are looking for collaborative spaces that allow them to share ideas and bounce off each other’s creativity to boost productivity.
With the increasing number of freelancers and entrepreneurs hitting the job market every day, coworking spaces provide an environment where like-minded individuals can come together to share ideas and support one another.
These collaborative working environments also play host to various events ranging from business seminars, networking sessions, and professional training.
This often brings about new business opportunities for members as well as the general public who attend these events through word-of-mouth advertising.
One factor that makes coworking spaces so alluring is the fact that they are not just for businesses to use.
Many entrepreneurs, freelancers, and even employees at big firms are choosing to partner with these spaces instead of leasing their own offices due to the low overhead costs involved in renting space from them.
These are the major reasons why businesses are more inclined towards opting for coworking spaces these days.
Either they do a lot of research themselves to find out suitable workspaces or they rely on experts to do this task for them. To find out more about how to find your suitable coworking space click here.
A lot of individuals who enter into this agreement will often rent rooms on an hourly or daily basis rather than committing themselves to a long-term contract with lots of hidden costs that most leases carry with them.
Reasons:
- Office space Flexibility
Coworking spaces tend to be much more flexible than traditional office leases, especially when it comes to the length of time one can rent. It is not uncommon for members to partner with these types of spaces on a short-term basis such as an hourly rate, daily rate, or even monthly depending on how often they need access to office space.
This makes it easier for clients who want flexibility and temporary use of an office compared to long-term leases where there is less freedom in choosing dates and times.
- Convenient and Accessible
Most coworking spaces are conveniently located and easily accessible through the use of public transportation as well as being within proximity to cafes, restaurants, and other local amenities.
This makes it easy for individuals who choose this kind of business investment to work around their day-to-day schedules without having to miss out on any free time.
- More collaboration opportunities
In a traditional office setting, employees are often forced to keep their work-life separate from their personal lives. Coworking spaces however offer a more social environment where individuals can come together and share ideas or even collaborate on larger projects which require an extensive workforce.
This type of effective networking is invaluable in today’s business world as it allows for professionals to branch out and establish new connections which can lead to the development of better ideas, improved performance, and even more opportunities.
- Fitness and wellbeing initiatives
As many coworking spaces are located in cafes, restaurants, and other areas where a healthy lifestyle is prevalent, they often offer discounts to members who work out at nearby gyms or sports facilities.
A lot of these spaces also feature kitchenettes that have free tea and coffee available for use as well as telephones that can be used with personal calling.
- Focus on Work-life balance
As coworking spaces provide a casual and social working environment, it encourages employees to not take their work home with them and leave it at the door when they close up for the day.
This allows business owners to establish a good work-life balance which is important in maintaining a healthy lifestyle and prevents stress from putting unnecessary physical and mental strain.
Conclusion:
There has also been a massive increase in public awareness about health benefits associated with green buildings and how humans are psychologically drawn towards natural light which allows for more effective work hours between 6 am – 6 pm.
Many coworking spaces feature large windows which allow for natural light to stream in and usually offer free WiFi, printing facilities, and access to shared kitchens.
Although coworking spaces are great assets for business owners to have, there are some limitations associated with them that members need to be aware of before leasing their own office space.
They come with strict rules which members must abide by or risk having their membership revoked immediately.
Rules vary depending on the agreement between individual coworking spaces but include things like noise control after hours, smoking policies, internet use restrictions, and even food bans in some cases.
Coworking spaces are a great investment option as they help you to save a lot of time as well as finances in the long run. Thus, be sure to consider the option of making an investment by booking your seat at a coworking establishment near you.
