The pandemic redefined the way we worked. Remote working became the norm; for many, it was a welcome relief. Employees reported improved well-being and a better work-life balance.
Unfortunately, the WFH trend appears to be winding down. The Trump administration made it clear that federal staff would be returning to the office. As far as he is concerned, “they’re gonna play tennis”.
The anti-remote work sentiment has even reached the hallowed halls of big companies like Amazon. Bucking the trend, Microsoft, Salesforce and Spotify have instituted a “work from anywhere” policy.
It’s a sweet deal for professionals who thrive on working independently without the drama of toxic workplaces. However, being cooped up in the same space can sometimes be boring and sap our creativity.
Coworking spaces and shared offices are becoming the new normal. The concept, first introduced by WeWork, has taken root in other parts of the globe. Despite the company’s sensational fall from grace, the business model stuck.
If you haven’t considered a coworking space, we’ll give you five reasons why you should.
#1. Flexibility
The beauty of coworking areas is that they offer an environment that adapts to the changing needs of professionals. There are typically three options:
Meeting Rooms
Most co-op spaces have the capacity and resources for conference room rental. The private area is set up to host virtual or in-person meetings, conferences and board meetings.
Charged at hourly rates, you get on-site support and bookings can be done via an app or online.
In cities like New York, where real estate prices are sky-high, renting spaces can be a big money saver for businesses. Fortunately, conference rooms in NYC are available in popular corporate locations.
Fully equipped conference spaces with TVs, whiteboards, and audiovisual equipment are a boon for companies. The Farm Soho says booking a conference room offers convenience, a quiet space, and a smooth experience for meeting attendees.
Private Offices
A collaborative working environment is ideal for people who want to exchange ideas or share their thoughts. However, sometimes, all you want is a calming, private room.
Renting a private office gives you the luxury of privacy without having to deal with people invading your space.
Hotdesks
Hotdesking encourages a community spirit and allows you to freely choose where to set up your workstation. All you need is your laptop, a power source and a comfortable place to sit.
Initially, organizations incorporated hotdesking to accommodate a hybrid workforce to reduce wasted office space. It is also said to increase employee satisfaction and productivity.
#2. Community
Freelancers and independent contractors can very easily fall into the isolation trap. Coworking spaces are great meeting places.
It nurtures the creation of collaborative communities. People often make the mistake of working in silos and become professionally stunted when all it takes is sharing an idea, a thought, or a seed.
Networking also comes into play. Coworking environments are excellent networking hubs for forming professional relationships.
#3. Cost Effective
Growing startups and small businesses can’t afford to rent an entire office space. Collaborative spaces make business sense when factoring in costs and overheads.
You don’t have to deal with leasing, maintenance and other costs that can eat into your precious budget.
Some locations offer discounts and membership plans on day-office rentals or pay-as-you-go, including the basic amenities and add-ons to attract more clients.
#4. Improved Productivity
Traditional offices with whitewashed walls and the occasional “inspiring quote” pasted above the printer can sap the life out of you.
Thankfully, coworking models are designed to be warm and inviting, encouraging you to think outside the box. In need of a pick-me-up? Coffee and snack bars are conveniently on-site.
Tapping into the dopamine effect, some designated areas are colorful and whimsical, nothing like the stark blue and white seen in the popular Apple TV series “Severance.”
#5. Access to Resources
High-speed internet comes with a hefty price tag. If you’re lucky, your company’s probably shouldering the costs. If not, that’s another expense to consider.
Access to WiFi, printing services and front desk staff are part of the package. Kitchen and bathroom amenities are a bonus.
Factor in a comfortable place to work and coffee on tap and you’ve got a great working arrangement.
Break Time
There are so many reasons why a coworking space could be the ideal alternative to a static working environment.
In addition to the perks of having access to a meeting space rental, being part of a community, and cutting costs, the concept solves the equity theory problem. When working independently from home, the question always arises: “Am I doing enough?”
Chances are, you’re comparing your productivity to your peers in an office environment. Surrounding yourself with others, who have no connection to your work, pushes you to focus but also know when to take a break.
