Nine Advantages of a Coworking Space

What is a Coworking Space?

A coworking space, also known as a shared office, is a workspace where businesses, entrepreneurs or freelancers can access all the facilities and perks of conventional office space, on a flexible short-term lease and without the hidden costs of renting a traditional office.

Coworking spaces are usually open-plan environments where tenants pay for the space they need via a membership fee, which gives them access to a mix of private and communal areas. This allows businesses to scale up or downsize as needed. Leases can be as short as one month, so tenants won’t be tied into a long-term commitment. 

A survey has shown that coworking can improve overall workplace satisfaction. 82% of respondents said that coworking had helped to expand their professional networks, while 83% reported feeling less lonely after joining a coworking space, and 89% said they were happier since joining a coworking space.

 

9 Key Benefits of Coworking Spaces

1. Cost-Effective
Coworking eliminates the hidden costs and risks of owning your own office, allowing tenants to simply pay for the space they need. With a coworking office, there is no traditional lease or any of the hidden costs that go with it.

2. Networking Opportunities
The collaborative nature of coworking spaces provides many opportunities for people to network and start new conversations with everyone from potential clients to business partners.

3. Increased Creativity
Design-inspired office space settings, creative community cultures, regular educational events and perks like indoor gyms or game areas all work to foster greater creativity and productivity.

4. Client-Friendly
The advantages of coworking spaces extend to clients too. Entrepreneurs and freelancers without a fixed office can hold important meetings and conferences from a fully-equipped, professional office environment at a desirable business address.

5. Greater Flexibility
Contracts are available for as little as one month.

6. Speed to Market
Tenants can move in on the day they sign and begin working immediately with plug and play facilities.

7. Scalable
A business could occupy as little as one desk, with the flexibility to expand as needed. This gives entrepreneurs the opportunity to grow their team at their own pace.

8. State-of-the-Art Equipment & Facilities
Convenience and time saved are major benefits of coworking spaces. These workspaces are fully furnished, pre-cabled and equipped with a range of amenities, from coffee shops and restaurants to conference rooms, breakaway areas, exercise facilities and more.

9. Globally Accessible
Today, there are coworking spaces in just about every major city in the world. This makes it easier for businesses to access new cities, sectors and markets anywhere without the added pressure of office space.

 

The Difference between a Coworking Space and a Serviced Office

	Coworking Spaces	Serviced Offices
Office	Open-plan, collaborative, with shared amenities and designated private areas.	Corporate, greater privacy, each office occupied by one business.
Design	Tend to be more informal and often seek to be inspirational. They usually include other lifestyle amenities such as coffee shops, yoga studios, bars and even cinemas.	Usually more of an austere environment designed for the corporate world and with less overt branding.
Culture	Determined by the coworking space – community managers are on hand to assist members in adapting.	Determined by the business or brand occupying the space.
Lease type	Flexible and membership-based	Contracts are usually 6-12 months

 

Could You Benefit from a Coworking Space?

Coworking was once seen as an attractive solution for freelancers and those working from home, but its appeal has since grown to become a global trend among businesses of all sizes. The types of people enjoying the benefits of coworking spaces today include:

• Remote workers who want an office away from their home environment.
• Travellers who need space to work while on a business trip.
• Freelancers looking to collaborate, network and benefit from a shared space.
• Small business owners looking to reduce costs and stay flexible.
• Entrepreneurs who want a space that can grow with them.
• Workers more used to conventional office space, looking for a space that inspires them.
• Large organisations with travelling employees.
• Corporates looking for additional short-term space for project-based teams.

Find the Ideal Space

We partner with 99% of the world’s flexible office providers and list over 10,000 flexible office options, across 115 countries and over 1,500 cities. Speak to us to find your ideal space.

Find the right solution for your business and discover the types of office space we offer, including:

– Serviced Offices.
– Coworking Spaces.
– Managed Offices.
– Virtual Offices.
– Leases, sublets and workshop units.

Work with our flexible office experts and trust us to help you find the perfect location where you can enjoy all the advantages of a coworking space.