A Beginners Guide: How Coworking Spaces Are Changing The Workplace
Coworking office spaces come with many of the same advantages as a typical work space, as well as a lot more. Flexible lease terms are a key characteristic of coworking office spaces rooms, since there is no long-term commitment.
Growth Of Coworking:
Across most major cities, shared workspace is growing at an average rate of 24.2%. By 2022, there will be over 30,432 coworking spaces and 5.1 million coworking participants.
Coworking is the latest way to combine work and life in a sustainable way. The work of tomorrow will be shaped at the nexus of real estate, technology, and culture.
Which Reasons Make Coworking office Spaces So Popular?
A serviced coworking space is an excellent choice for those just starting out in business (think startups and entrepreneurs) because it allows them to scale up or down in team size, has low set-up costs due to shared resources, has a strong in-house group to network with, and has ties to in-house expertise, mentors, and funding opportunities, as well as being an effective forum for introducing a new product.
Coworking rooms, on the other hand, aren’t exclusive to startups and entrepreneurs. Coworking members are actually very diverse!
The key to coworking growth statistics :
1. The number of coworkers worldwide exceeded 3 million in 2019. This number is projected to double by 2022.
2. The number of coworking spaces worldwide is expected to more than double by 2024, surpassing 40,000.
3. The top ten coworking and flexible office space providers now account for 36% of the market (Forbes).
The 3 Biggest Benefits of Coworking
Here are a few reasons why people enjoy coworking spaces:
Sense of community: Co space community has a strong sense of belonging.
Getting Together: When you meet several people who have so much in common, it’s only a matter of time until you start networking. It is possible for coworking.
Flexibility: Co-working space gives us flexibility. When you come to know several people with a lot in common, you start networking.
Coworking vs. Traditional office
| Coworking Spaces | Traditional Office Spaces |
| Usually more affordable with flexible pricing options such as hourly, daily, monthly, or yearly rates | Typically more expensive with long-term lease agreements and high upfront costs for furniture, utilities, and maintenance |
| Offers the flexibility to scale up or down as required, without the constraints of a long-term lease or mortgage | Less flexibility due to long-term lease agreements |
| Provides networking opportunities with other professionals and businesses, allowing for collaboration and cross-pollination of ideas | Limited networking opportunities with only employees from the same company |
| Offers a range of amenities such as meeting rooms, high-speed internet, printing, and administrative support services | May require additional costs for amenities such as meeting rooms and administrative support services |
| Provides access to prime locations, allowing businesses to establish a local presence without the expense of a physical office | Limited location options and may require additional costs for prime locations |
The Coworking Space Selection: Top 6 Things to Keep in Mind
If you are considering a coworking space, consider these top six tips:
Place:
It goes without saying that location is the most important factor to consider when selecting an office space.
Budget:
Knowing your budget in advance will help you filter out spaces that are too expensive early on, which will save you time (and money).
Local community:
The more interesting features of the space can be considered after you have decided if it is suitable for your needs and also budget. A good community is essential.
The facilities include:
Selecting a coworking space with exclusive facilities is always a plus, even if it’s just a cherry on top. Having a workspace that can provide more than just free coffee, wifi, and also printing would make your work life a lot easier.
Future of Coworking:
The more young adults who realize about coworking they do not have to follow the crowd and follow a more conventional career path, the more freelancers and entrepreneurs will make the move. This will be driven by technology, perception, and potential.
The United States alone had approximately 57.3 million freelancers in 2017. Today, coworking will be the norm for new workers.
Words of Wisdom
As more companies accept remote work, coworking spaces help fill a specific gap for businesses. Banglamart must help you to open coworking spaces to keep workers engaged and to interact with smaller, more entrepreneurial companies.
