What Is Coworking Space? How To Know If It's Right For You.

Discover the advantages of coworking spaces, who uses them, and if it's suitable for you.

Over the last few years, coworking has been gaining popularity with the increasing number of spaces that offer flexible, collaborative spaces for people to work from. Let's dive into what it is and why people are preferring it over working in traditional headquarters.

What is Coworking Space? 

Coworking space is a flexible workspace that brings together people from different companies to do work. Members have access to shared facilities, services, and tools. From freelancers and remote workers to small businesses and enterprises, diverse, skilled individuals utilize coworking spaces. 

What are the Advantages of Being in a Coworking Space? 

1. Networking Opportunities - Coworking creates collaboration hubs and social spaces by bringing people from different companies together in a professional place. You'll be able to connect with talented people who hold various roles. 
2. Increased Productivity and Creativity - Well-designed coworking spaces provide a variety of work and break areas. You no longer have to be stuck at your desk all day. These environments encourage interactions with fellow professionals, which can offer a solution for creative mental blocks. Furthermore, the flexibility to switch locations throughout the day allows you to refresh your mindset and prepare for various tasks.
3. Flexible and Cost Effective - Offering hot desks, dedicated desks, and private offices, there is a coworking solution for everyone. Compared to traditional workplaces, this is more cost-effective in the long run because you only pay for the space you need. You also won't have the pressure of being committed to a long-term lease, which makes it ideal for growing businesses. 
4. Facilities and Amenities - Coworking spaces offer a variety of facilities and amenities. These comprise meeting rooms, breakout areas, high-speed WiFi, and printing services, which can support productive, efficient work. Additional amenities include wellness rooms, outdoor spaces, social kitchens, and refreshment areas. These features encourage breaks and promote work-life balance. 

Check out the Top 10 Spaces with the Best Amenities here!

Things to Consider

When deciding on coworking, research different spaces to find something that aligns with your business needs and values. Here are some factors to consider: 

• Location and Accessibility: Finding a coworking location that is convenient for your team and suitable for client interactions is essential. Consider its proximity to public transportation, parking, landmarks, and how accessible it is. Location can also influence the work atmosphere and how people see your business.
• Culture: Get a sense of the space's culture and community. It is critical that your team and potential clients feel comfortable. Finding the right space can promote the development of meaningful relationships and boost productivity.
• Membership Flexibility and Budget: Before signing up for coworking, determine your budget and look into different membership plans and what they include. Look out for hidden costs or additional charges on amenities and services such as printing and parking. 
• Business Needs: Reflect on the services, facilities, and tools your business and team need. Take advantage of space tours and trial periods to ensure that the space matches your practical needs and will elevate your work environment. 

Coworking can be a fun change from traditional workspaces that can boost creativity and productivity. If it sounds interesting, it's worth checking out!

Find coworking spaces in your area here.