Co-working spaces is becoming a growing trend. This is when people can rent desks for working purposes. These spaces have various benefits available that is indicative of the fact that the nature of work culture is evolving.
Co-working spaces has made it possible for people to exert more control over their working lives.
Just imagine a colourful workspace draped in office plants, beer on tap, and a diverse network of professionals plugged in, hard at work in lounges, hot desks, and kitchen benches. This new look can be mostly captured in co-working spaces, and the rise of these shared offices in cities and urban centres is showing no signs of slowing.
In 2018, the number of co-working spaces in the United States increased by 16 percent, and the number of flexible workspaces outside the U.S. jumped by 36 percent. This is a growth that is expected to continue. Remote working and flexible working hours are becoming more common as technology advances and the corporate world modernizes. The COVID-19 pandemic has especially fuelled this process along.
With this in mind, co-working spaces aren’t only the realm of freelancers and entrepreneurs; they’re a thriving ecosystem involving remote enterprise teams, established companies in private offices, budding start-ups in brainstorming areas, and a variety of creatives.
Let’s have a look into the diverse benefits of co-working spaces.
Networking is probably one of the most commonly known benefits of co-working spaces. These space provide the ability to connect with people you otherwise wouldn’t meet. This is an extremely good advantage for any entrepreneur or business owner.
When you are working from your living room, you will quickly feel lonely. It’s not a good option in the long run for anyone’s mental health. Co-working spaces gives you the opportunity to surround yourself with a network of professionals and can reduce the feeling of isolation sometimes associated with working from home.
Access to shared and private spaces
When you think about the way these spaces are designed, they offer much more than your standard office: There are little or no cubicles, between expansive lounges, convenient hot desks, glass-walled private offices, and write-on-the-wall conference rooms, there’s plenty of space for collaboration when teams get together. A great thing is that privacy and heads-down productivity is possible, too, with bookable meeting rooms and sleek private offices.
Flexibility and cost savings
If you are a freelancer looking for a drop-in space, or an established team that are seeking a dedicated desk or private office, these co-working solutions will allow you to pay for only the space you need. Flexible hours mean you can scale at your own pace. You will not have to deal with the pressure or rigidity of long-term traditional leases. Remember flexibility is essential in growing companies.
The COVID-19 pandemic has shown us just how important remote working is. Co-working spaces is available is almost every city around the world these days. This gives you the ability to plug in at any time, in any location. Working while traveling is instantly more achievable when you know there’s accessible WiFi, a comfortable place to work, and office essentials like printing and coffee just a card-swipe away.
We know that everyone’s concentration levels fluctuates throughout the day and this will eventually influence your productivity level. Co-working spaces provides the opportunity to work flexible hours that will help with concentration and eventually productivity. Typically, these co-working spaces will blend a range of work environments to cater for different work styles.
This often solves a problem associated with working from home that’s linked to equity theory. In an office environment, you can see the work of your colleagues—how they’re performing, when they’re arriving each day—which serves as a reference point for tracking your own performance. In a home office, this is instantly eliminated and it can get difficult to stay productive.
Breaking out of your comfort zone
A lot of people working from home, will get used to their quiet environment. This is why the ever-changing work environment of can be challenging at first. Just remember, by breaking out of your comfort zone, meeting new people, and working in different settings each day, you’re required to stay innovative and creative in the face of uncertainty—traits similar to those needed in growing a start-up.
Wellness and work-life balance
Exercising during the workday is extremely important. It has been linked to increased productivity and enhanced cognitive ability, and activities like meditation and yoga can help fuel focus and drive creativity. Very often, these co-working spaces include design elements like internal staircases and expansive indoor lounges that encourage movement during the workday.
Bring structure to your day
If you have every worked from home, you would know that a workday at home can pass in a blur. Often days like that will result in not getting to all the work that you are supposed to. This usually result in, you working long past the time you should have clocked off: checking your emails from bed, or reading through project plans before your morning coffee. Co-working spaces offer structure to your day, providing a place to arrive every morning and leave once the work is done.
Whenever you choose to start work each day, you’ll find that this structure helps prevent the unbidden creep of work life into personal time.