Top 12 Coworking Space Benefits for Startups , Freelancers and Professionals

UPDATED ON

April 1, 2021

Parth shah

Contributing Writer

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Picture vibrant taskbars with office plants, kombucha on tap, and a varied network of professionals working in lounges, hot desks, and food cabinets. Coworking spaces best portray the fresh style of the workday, and the growth of these
shared offices in cities and urban centers shows no signs of slowing.

Coworking spaces, particularly for small and growing businesses, can be ideal offices for a variety of reasons, including cost savings and increased collaboration opportunities.

Small entrepreneurs, freelancers, and other employers should use coworking spaces to get work done, network, and engage in their local business community. What was once a relatively unknown notion has now become a reality. Coworking is
more than just a trendy overworked phrase.

It’s a notion that’s changing the way people work in order to keep up with the fast-paced nature of today’s global economy. Unsurprisingly, there are a number of significant coworking space benefits, that explain why the idea of a shared workspace is
becoming increasingly popular.

We’ve illustrated some of the most important benefits of coworking below. Learn how making the shift will benefit your company as well as your mental wellbeing!

1. Increased opportunities for networking

One of the most important advantages of a coworking space is the chance to meet new people. If you work from home or in an independent office, you may be robbing yourself of vital ties that will help you grow your business. The spark that proximity to other successful business owners can provide is sometimes all a small business needs.

One of the most widely advertised benefits of coworking is the opportunity to meet people you would not otherwise meet. Part of it stems from the fact that you meet new people every day, but social components are also incorporated into workspace solutions like DevX.

This is the driving force behind many shared workspace ideas: to bring people together who share mutual goals. Allowing you to interact with them as much or as little as you want might lead to your next big project. Shared workspaces give you access to different types of work and even workflows that can benefit your company.

2. Higher productivity

Coworking spaces typically combine a variety of work environments to accommodate various work styles and are designed for productivity, with more variety than a typical office and more structure than working from home.

This is particularly true for small business owners who work from home. It's easy to become distracted when we're at home. Children need attention, the house must be cleaned or kept, and special projects may arise at any time. 

You can establish a "job mode" that will help you be more productive by moving to a different location. Around 68 percent of people say that working in a coworking space allows them to concentrate better.

Renting a business area from a coworking site would increase your focus level if you choose to work outside of the office but still in a professional environment. Furthermore, the extra benefits provided by a coworking space will always exceed the drawbacks.

3. Increased creativity

Another major benefit of working in a coworking space is that they can provide bursts of innovation by allowing you to collaborate with others and expose yourself to new viewpoints. Changing workspaces and going to a new office will help you refresh your mind and think of new solutions to business issues. The chant for long-term success in the present era is continuous up-gradation and acquisition of new strategies and skills.

Coworking provides an ideal environment for meeting other experts and learning about the most up-to-date business acumen that are continually advancing and changing the face and pace of entrepreneurship

4. Prospects for collaboration

When working from home isn't an option, coworking spaces provide you with a network of experts and can help you avoid the isolation that comes with working from home.

This benefit of coworking is closely related to networking. You are exposed to chance and opportunity when you work in a coworking space. Who knows where a casual discussion will lead? Working in close proximity to others allows for rapid collaboration.

You could be hiring someone new before you know it. Coworking spaces sponsor regular community events and programs that are devised, planned, and developed to assist members in learning new skills while they are a part of the community.

These shared office spaces enable their members to collaborate with one another in order to maintain a constant flow of work for all, which is one of the main benefits of coworking spaces.

5. A reduction in office costs

Aside from the cost of rent, office costs can run into the thousands. It doesn't take much to eat into your budget, from small things like coffee filters and printer toner to larger items like desks, chairs, and an amazingly fast internet connection.

Entrepreneurs and young startups can work in a properly equipped office without the hassle of establishing their own. Creating an office is a time-consuming process that necessitates a substantial sum of money.

One of the biggest advantages of coworking is that it's the most cost-effective way to work in an office. Working in a coworking space allows you to run your company without incurring the costs of establishing an office. Small businesses stuck in overly expensive leases may find cost-efficiency to be a critical coworking space benefit.

6. Working flexibility

Whether you're a freelancer seeking a drop-in space or a company looking for a dedicated desk or private office, a great benefit of coworking spaces is that they allow you to pay only for the space you use.

Furthermore, flexible agreements allow you to scale at your own pace, without the pressure or rigidity of long-term traditional leases—which is critical for growing businesses. There are no stringent rules to follow in these working spaces, and the atmosphere is very accommodating.

A member can book any desk he wants and work whenever he wants, without having to answer to anyone. If your team evolves, it's simple to expand your office space by switching plans, which can be done quickly and without causing any disruption.

It's all about being adaptable when it comes to coworking. Choose your workday and time, then show up; it's that easy! Renting office space from an agile company allows you to control your own schedule without the hassles of owning one. It's essentially one less key to be concerned about!

7. Some coworking spaces are open 24 hours a day, seven days a week.

While not all coworking spaces are open 24 hours a day, in some of the best cities for remote work, you will usually find one that is. That way, if you need to work late, come in early, or take a call on the weekends, you can do so easily.

When working on a tight deadline or bringing in some work on a Sunday to get ahead for the week, you may not be alone. When you work in a coworking space, it's easy to develop a sense of community.

That's because simply sharing an office, even with complete strangers, can make you feel like you're part of a bigger community and connected to others. Coworking will help you improve your mental health while also helping your company.

8. Remote access is possible.

The ability to plug in at any time, in any location, is a major seller for coworking practitioners, with coworking spaces sprouting up all over the world. When you know you'll have access to WiFi, a convenient place to work, and office necessities like printing and coffee are just a card swipe away, working while traveling becomes a lot easier.

Furthermore, employers can choose to hire the best talent, regardless of location, without incurring relocation costs or the risk of dissatisfied remote workers. This is another outstanding benefit of shared office spaces.

9. Make your day more structured.

With little structure and no commute to distinguish home life from work duties, a workday at home can be a blur. As a result, you may find yourself working long after you should have stopped: answering emails from bed or going through project plans before your morning coffee.

Coworking spaces give your day stability by giving you a place to go every morning and leave when you're finished with your work. Regardless of how you choose to begin each day, you'll discover that this structure aids in preventing the unintentional infiltration of work life into personal time.

10. Coworking Spaces Offer Many Benefits

Many people believe that the greatest benefit of working in a coworking space is the freedom and flexibility it provides. Multiple conference rooms, offices, and amenities such as gyms, cafeterias, and outdoor areas are common in these large buildings.

These shared workspaces are designed to provide working solutions for businesses of all sizes. Business owners can use these spaces with more freedom than a conventional office and execute with productive tools and support with careful management.

Having a separate private office space may seem expensive to small business owners, but the expense of using shared facilities outstrips the cost of operating in a coworking space.

Business owners can work in these spaces without constantly worrying about costs such as internet, electricity, office equipment maintenance, and restocking cups, tea, and coffee, to list a few.

11. Address for Business

Coworking spaces are located in the heart of a city, close to public transportation and restaurants while also providing an effective place for members to work.

Working from home or a café as a business person may not send a strong message to potential clients, so coworking spaces provide not only a professional environment but also dedicated meeting rooms, cafeterias, as well as coffee zones to help you network more effectively.

When a client requests a meeting at your office and you work from home, it can be a little uncomfortable. If your client is more traditional, they may be reluctant to do business with someone who does not have their own professional environment. A coworking space provides you with an address to give to your client as well as a location to meet with them.

12. Counteracts Workplace Loneliness

Many self employed people and individual entrepreneurs are aware of how isolating working from home can be. Everyone else is at work or school, so the freelancer is on their own to be efficient.

Even in a traditional job, an individual may feel lonely, particularly if others do not share their goals. When working from home isn't an option, coworking spaces provide you with a network of experts and can help you avoid the isolation that comes with working from home.

Recent research has revealed the importance of seemingly insignificant interactions on our sense of belonging; a friendly exchange with the barista, postman, or neighbor can help boost happiness.

Parting Note

You might be looking into the benefits of coworking spaces for remote teams or before hiring talent somewhere else, and not all of the advantages may apply to you. Versatility is at the core of coworking, and you can tailor the expertise to fit your team, company, clients, or activities, no matter what your professional needs are.

Coworking spaces, in general, are versatile, interactive, and motivating workspaces that get the job done. From building communities to establishing routine and consistency, the advent of coworking spaces has solved many problems for practitioners and traveling remote workers.

Some of these strengths are monetary in nature, but others have benefits in less tangible ways, and these are the ones that will add up and propel your company forward. Coworking spaces allow you to concentrate solely on your company and not on the upkeep of an office building.

This is ideal for individuals who need to focus on a single issue or job and don't want to worry about the nitty-gritty specifics of renting an office. It's also a great place to go for short-term projects or just to visit when you're tired of working from home.

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written by :

Parth shah

With 10 years of experience in operations and training, Parth is a go-to person for his team and even a multitude of growing start-ups. His knack lies at spotting and supporting start-ups, helping them streamline their processes and even take their ventures to the next level. After successfully establishing two start-ups and exploring the start-up landscape up-close Parth has learnt the nitty-gritty of the industry, which he now shares with fellow entrepreneurs.