Coworking office spaces have grown exponentially in popularity among entrepreneurs in recent years. In fact, communal work environments are predicted to average membership growth rate increases of nearly 25% over the next few years alone, according to the Global Coworking Unconference Conference (GCUC).
So why the sudden influx of memberships? Perhaps it’s the unique and diverse environments associated with coworking offices spaces. Or, perhaps, it’s one of the dozens of other benefits members list as appealing that is drawing new members in droves.
According to sources such as the Harvard Business Review and the Chicago Tribune, coworking office spaces have become wildly popular for numerous reasons. Members who participate in them state the coworking spaces allow them benefits that are unparalleled by any other means. Of the many benefits given, here are some of the most widely reported advantages coworking members reported:
The Coworking Savings
For starters, let’s be honest – when it comes to business, the bottom line is, well, the bottom line. An office space option that allows you to cut costs while keeping a beautiful and functional work space is going to be high on the list for sure.
“If you lease your own office space, you’re responsible for paying for utilities, supplies and amenities. With shared offices, utilities such as water and Internet are included, as are other amenities including coffee and kitchen supplies. This reduces costs and some of the details you have to tackle day to day,” explains ChicagoTribune.com.
No More Office Politics
Another benefit, as researchers with Harvard Business discovered during a 2015 survey, is that coworking spaces have a noticeable lack of “office politics.” Since everyone who is involved in a shared office environment has a different area of expertise, there is no sense of competition among coworkers.
“Because there is little direct competition or internal politics, they don’t feel they have to put on a work persona to fit in,” Harvard Business Review reports. As a result, coworking space members tend to feel much more comfortable and focused on their own projects than they did in traditional office spaces.
Since shared office spaces usually offer monthly membership options, you have much more flexibility than you would with an office lease or mortgage. The monthly choices give members the ability to operate on an as-needed basis, as well as allowing them the flexibility of their own schedules as well. Coworker spaces are often open 24/7 for members to access whenever they want. This allows for a “come and go as you please” office environment, which is (understandably) highly appealing to members.
Community and Support
Finally, coworkers have noted that one of the biggest benefits to utilizing shared office spaces comes in the form of the community and support they gain while at work. Coworking spaces have members from all walks of business and experiences. This gives members a unique opportunity to socialize with others they may never have met before.
By extension, members are also entrenched in a pool of coworking specialties. This means that most will have a new set of coworkers that can offer on-demand help or advice with fresh perspectives every day. It also offers some fantastic networking opportunities.
The benefits of coworking seem to be never-ending if you have the opportunity to discuss experiences with someone who participates in a membership. One thing is for certain; the statistics clearly state that coworking offices are trending, and we’re beginning to see why!