How Coworking has Revolutionized Workspaces?
How Coworking has Revolutionized Workspaces?
How Coworking has Revolutionized Workspaces?
Creation date: 10 months ago
Last update: 6 months ago
Time to read: 4 minute
Creation date: 10 months ago Last update: 6 months ago Time to read: 4 minute
Creation date: 10 months ago Last update: 6 months ago Time to read: 4 minute
Titles Contents:
How Coworking has Revolutionized Workspaces?
- The coworking space concept
- Why does the new generation workforce prefer coworking spaces compared to traditional offices?
- The budget and cost-saving aspect of coworking spaces
- Coworking space environment creates limitless Opportunities
- Extra office amenities at no added costs
- Location flexibility in the coworking space concept
- FAQ’s on the coworking space concept in business
- Articles that are useful to read
1. The coworking space concept
The coworking space concept
According to Statista, the number of coworking spaces worldwide from 2018 to 2020 with a future forecast to 2024, there is a total of about 41,975 coworking spaces. This concept of shared office space it is an open working environment that allows companies in different industries to share a work space and work side by side. The concept of co-working as an affordable solution is gaining traction rapidly within the small business and start-up community. The demand has been forecasted to increase exponentially shortly as private office spaces become more and more expensive in urban areas. Co-working space facilities have gained demand with the increase of start-ups and growing businesses all over the world.
2. Why does the new generation workforce prefer coworking spaces compared to traditional offices?
Why does the new generation workforce prefer coworking spaces compared to traditional offices?
In this new age the workforce has eagerly embraced the co-working space concept and prefers it to the private office space. To understand why the shared work spaces concept has become more popular in the modern workspace, here are some of the key solutions that it offers compared to the private office spaces.
2.1. The budget and cost-saving aspect of coworking spaces
When getting a coworking space for rent it helps in saving and cutting costs on things like office rent, acquiring equipment and other office maintenance costs. In the conventional private office space scenario, companies have to lock in additional space for future growth, which adds to the cost unlike the flexible office space in a shared work space set-up. Statistics have shown that not only growing businesses, but also large companies have started using the shared workspace environment. The administration cost for maintaining facilities, which is an add-on expense for companies, is not experienced in the coworking spaces.
2.2. Coworking space environment creates limitless Opportunities
Networking is crucial for the success of your business. In the traditional private office work space environment, you face the same people from your organization every day, and you don’t have any new opportunities to make connections with other companies and likeminded individuals. In the coworking spaces environment, however, people from different organizations involved in a hub of different industries, work together inside the same office space, sharing office space amenities and sharing new and creative ideas. The networking opportunities and the more opportunities for new creative ideas and wealth creation are more available in the shared work space environment.
2.3. Extra office amenities at no added costs
This has been well explained in our previous blogs, for instance, how to grow our business in a coworking space, the aspect of having access to office amenities at no additional cost. These amenities are things that you would need to make your work easier and have you perform your tasks in high quality. By choosing a coworking space for rent, on the other hand, the provider company takes care of all these things for you. There are shared office spaces that have already ready-to-work office spaces set up, fully equipped telephone and internet facilities, printers, furniture, business lounge area and conference rooms for rent.
2.4. Location flexibility in the coworking space concept
In the traditional private offices set-up, you had to use a long-term lease to acquire the office space, which means that it becomes difficult to change the location of your business or choose to work in a different location. The location of your business plays an important role in your income. You should be close to where your customers are or be more accessible than your competitors. It is therefore important for your business to strategically switch locations accordingly to take advantage of the changing landscape.
3. FAQ’s on the coworking space concept in business
FAQ’s on the coworking space concept in business
Share your experience with us on having your business be part of a coworking space community below:
Titles Contents:
- The coworking space concept
- Why does the new generation workforce prefer coworking spaces compared to traditional offices?
- The budget and cost-saving aspect of coworking spaces
- Coworking space environment creates limitless Opportunities
- Extra office amenities at no added costs
- Location flexibility in the coworking space concept
- FAQ’s on the coworking space concept in business
- Articles that are useful to read
How Coworking has Revolutionized Workspaces?
1. The coworking space concept
The coworking space concept
According to Statista, the number of coworking spaces worldwide from 2018 to 2020 with a future forecast to 2024, there is a total of about 41,975 coworking spaces. This concept of shared office space it is an open working environment that allows companies in different industries to share a work space and work side by side. The concept of co-working as an affordable solution is gaining traction rapidly within the small business and start-up community. The demand has been forecasted to increase exponentially shortly as private office spaces become more and more expensive in urban areas. Co-working space facilities have gained demand with the increase of start-ups and growing businesses all over the world.
2. Why does the new generation workforce prefer coworking spaces compared to traditional offices?
Why does the new generation workforce prefer coworking spaces compared to traditional offices?
In this new age the workforce has eagerly embraced the co-working space concept and prefers it to the private office space. To understand why the shared work spaces concept has become more popular in the modern workspace, here are some of the key solutions that it offers compared to the private office spaces.
2.1. The budget and cost-saving aspect of coworking spaces
When getting a coworking space for rent it helps in saving and cutting costs on things like office rent, acquiring equipment and other office maintenance costs. In the conventional private office space scenario, companies have to lock in additional space for future growth, which adds to the cost unlike the flexible office space in a shared work space set-up. Statistics have shown that not only growing businesses, but also large companies have started using the shared workspace environment. The administration cost for maintaining facilities, which is an add-on expense for companies, is not experienced in the coworking spaces.
2.2. Coworking space environment creates limitless Opportunities
Networking is crucial for the success of your business. In the traditional private office work space environment, you face the same people from your organization every day, and you don’t have any new opportunities to make connections with other companies and likeminded individuals. In the coworking spaces environment, however, people from different organizations involved in a hub of different industries, work together inside the same office space, sharing office space amenities and sharing new and creative ideas. The networking opportunities and the more opportunities for new creative ideas and wealth creation are more available in the shared work space environment.
2.3. Extra office amenities at no added costs
This has been well explained in our previous blogs, for instance, how to grow our business in a coworking space, the aspect of having access to office amenities at no additional cost. These amenities are things that you would need to make your work easier and have you perform your tasks in high quality. By choosing a coworking space for rent, on the other hand, the provider company takes care of all these things for you. There are shared office spaces that have already ready-to-work office spaces set up, fully equipped telephone and internet facilities, printers, furniture, business lounge area and conference rooms for rent.
2.4. Location flexibility in the coworking space concept
In the traditional private offices set-up, you had to use a long-term lease to acquire the office space, which means that it becomes difficult to change the location of your business or choose to work in a different location. The location of your business plays an important role in your income. You should be close to where your customers are or be more accessible than your competitors. It is therefore important for your business to strategically switch locations accordingly to take advantage of the changing landscape.
3. FAQ’s on the coworking space concept in business
FAQ’s on the coworking space concept in business
Share your experience with us on having your business be part of a coworking space community below: