Demand for shared office spaces has skyrocketed in recent years, thanks in large part to the growth of the gig economy and telecommuting. We break down the top benefits of setting up shop in a hybrid workspace.
The Need for Shared Office Space
Shared workspaces offer a more adaptable and affordable option for solo entrepreneurs and businesses of all sizes, and are an especially good option for startups and enterprises that need to grow or shrink quickly.
Traditional office space can be prohibitively expensive for startups and sole proprietors without access to substantial funding. But for a fraction of the price of a conventional office, you can join a coworking space and have access to a shared office, conference rooms, and in the case of THRIVE, added amenities like monthly catered meals and happy hours.
A shared workspace is also a great place to meet other professionals and grow your business via networking. This can lead to fruitful collaborations, new business prospects, and establishing relationships with people in industries you wouldn’t have been in contact with otherwise.
Professional and well-equipped, flexible work environments provide the space and tools — such as speedy internet, on-demand printing and scanning, and comfy ergonomic chairs — for entrepreneurs to get work done.
Individuals and companies from all walks of life and all kinds of organizations can find a home in shared office spaces, creating a community of successful professionals. It’s a dedicated workspace that allows people to maintain a good work/life balance while avoiding the distractions of working from home or the drag of a long commute.
7 Benefits of Working at a Coworking Space
1. Productivity Boost
Enhanced productivity is one of the main benefits of working in a shared office with a professional and collaborative environment. The people you work with at a coworking space are likely to be serious about their jobs, and this can be a huge boost of inspiration, allowing you to do more in less time.
2. Prospects for Expanding Professional Contacts
The chance to meet and build relationships with other business owners and workers is another perk of coworking. All businesses, no matter how big or little, can benefit from this opportunity to network, share information, and discover new partners.
3. Cost Effective
It’s no secret the low price-tag of coworking spaces is a major selling point. Traditional office space rentals might be too expensive for startups — using a coworking space helps you save money and put it toward growing your business, since you only pay for the space and services you really use.
4. Flexibility
The adaptability of coworking spaces is another plus. As your company expands, you may need to relocate, and the flexible leases offered by most coworking spaces make this possible. This can be extremely helpful for young companies and other small firms that may eventually outgrow their current site.
5. Ample Amenities
High-speed internet, print and scan services, and conference rooms are just some of the common features of today’s shared office space. You can save both time and money by using these services rather than establishing your own physical location for business operations.
6. Location, Location, Location
Members of coworking spaces prize the central locations, proximity to public transportation, and ample dining options. When trying to make a good impression on potential customers, working from home or a coffee shop may not be the best option. Coworking spaces provide professionals with a dedicated office space in a convenient area.
7. Greater Harmony Between Work and Personal Life
Last but not least, sharing office space with others can improve your work/life balance. If you need the freedom to work when and where you choose but want to avoid the distractions and solitude of working from home, a shared office space may be the answer. It can help increase productivity, decrease stress, and keep your personal and professional life in proper balance.
