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How A Co-Working Space Is Better Than A Serviced Office

The need for coworking spaces and shared office spaces is growing since more companies than ever before look at this method of working in order to lower expenses, grow into new markets, and improve their flexibility. What are the major advantages of coworking spaces when compared to traditional workplaces?

What is what is a Coworking Space?

Coworking spaces, sometimes referred to in the term shared offices is a space where companies entrepreneurs, freelancers or other freelancers can enjoy all the amenities and benefits of a traditional office space, with the basis of a lease that is flexible and short-term and without the hidden charges of leasing a traditional office.

Coworking spaces tend to be open-plan areas which renters are charged for space that they want by way of a membership, which grants them access to an assortment of spaces that are both communal and private. Businesses can scale to or downsize according to the needs. Leases could be as short as a month. This means that tenants don’t have to be tied to an ongoing commitment.

A study has found that coworking improves the overall satisfaction of employees. The majority of those who participated stated coworking helped them increase their professional networks, while 83% of respondents reported feeling less lonely since joining a coworking facility, and 89% reported that they felt happier after joining a coworking facility.

9 Benefits to Coworking Spaces

1. Cost-Effective

Coworking removes the risk and hidden costs of having your own office and allows tenants to take on the office space that they require. With a coworking office there’s no need for a traditional lease, nor any cost-cutting that comes with it.

2. Networking Opportunities

Coworking spaces are collaborative and the nature of these spaces offers a variety of opportunities for people to connect and begin conversations with everyone from potential customers as well as business associates.

3. Creativity Boosted

Office spaces that are designed with a modern aesthetic as well as creative communities periodic educational events and other perks such as indoor gyms or game rooms all help to boost creativity and efficiency.

4. Client-Friendly

The benefits of flexible workspace Finsbury Park also extends to customers. Entrepreneurs and freelancers who do not have having a permanent office can organize important conferences and meetings in an office that is fully equipped and professional space with a desirable office address.

5. Greater Flexibility

Contracts are available only one month.

6. Rapidity to Market

Tenants are able to move in on the day they sign their lease and start work immediately using plug and play capabilities.

7. Scalable

A business can be only one desk, but with the possibility of expanding according to the need. This allows entrepreneurs to build their workforce at their own speed.

8. Modern Equipment & Facilities

The convenience and the time savings is among the major advantages for coworking workspaces. The workspaces are well-furnished equipped, pre-cabled, and have an array of facilities such as cafes and eateries, to breakaway spaces, conference rooms fitness facilities, and much more.

9. Accessible worldwide

Nowadays, there are coworking spaces in almost every major city around the world. This makes it much easier for companies to gain access to new sectors, cities and markets everywhere, without the additional burden for office spaces.

Are you able to benefit from the benefits of a Coworking Space?

Coworking was initially thought of as a viable option for freelancers or those who work at home, however its appeal has increased to become a trend that is gaining popularity among companies regardless of size. The kinds of people that are reaping these benefits in coworking currently are:

Remote workers who need to work from a different location than their home office.
Travelers who require the space to work during an official trip.
Freelancers who want to network, collaborate and profit by sharing a space.
Small-scale business owners who want to lower costs and be flexible.
Entrepreneurs who need an environment that will grow with their business.
Workers who are used to the traditional office spaceare seeking an environment that is inspiring to them.
Large companies with employees who travel.
Corporates in search of an additional space to accommodate teams working on projects.