The coworking concept has taken the business world by storm, and understandably so. It’s the property buzzword on every budding entrepreneur’s lips and you’d struggle not to come across at least a handful of these spaces when visiting any major city.
Flexible, collaborative and design-inspired, it’s easy to see why coworking spaces are popular with small businesses who don’t have the need for or can’t afford a ‘traditional’ office space. Having said that, a coworking space isn’t just the domain of startups and freelancers; corporates and software juggernauts are getting on board too.
Enticed by the ability to rent temporary space for project teams and the opportunity to attract and retain talent by operating from a ‘cool’ location, a number of Fortune 500 companies, including Facebook and Spotify, are using them.
Coworking is no longer a trend – it’s part of the mainstream. This article is designed to clarify what coworking is, explore the benefits and help you understand exactly why they’ve become such an invaluable asset to businesses across the globe.
What is a coworking space?
The definition of coworking can vary slightly depending on who you ask, but we think this one illustrates the concept best:
Coworking is a hospitality-driven and flexible working environment that has revolutionized how people experience real estate, that allows for diverse groups of people to work together, and that centers around the principles of community, openness, collaboration, accessibility, and sustainability.
Some coworking locations consist entirely of shared open-plan workspace. Here, individuals and small teams (literally) work alongside each other. You might have the option to work on a large bench desk or on an individual desk among others.
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The majority of coworking spaces contain different types of workspace. For example, on the first floor you might find an open plan coworking area and a couple of meeting rooms. The second and third floors might contain private offices. Facilities such as the kitchen, restrooms and meeting rooms are shared between members.
Every coworking space is different though, and that’s part of their appeal. Gone are the days of offices as empty shells, devoid of any character or imagination. Now, pretty much every coworking company has its own identity — some focus on well-being and collaboration, whereas others have a more corporate feel. Some are even designed for specific industries.
Coworking Memberships to suit all
We like to think there’s a coworking space out there for everyone. You can typically choose from the following membership types:
Day passes are perfect for those who only need a desk space occasionally, providing people who work from home with a change of scene and digital nomads with a well-facilitated place to work.
Hot desk memberships allow you to choose a desk in a shared workspace on a first come first serve basis and have access to shared amenities.
Pay a bit extra and you’ll get your own dedicated desk which usually comes with storage. Again, you’ll have access to shared facilities such as meeting rooms and event space.
Designed for small businesses or individuals who want a little more privacy. Offices will usually be located away from the coworking area.
For larger teams who need their own private space but also want to benefit from all the perks that come with coworking, such as networking and events.