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5 Benefits of Co-Working Spaces

Co-working spaces are a phenomenon that have been taking the world by storm for quite some time now.

This year has seen the world of work change in profound ways due to the COVID-19 pandemic. Lockdown orders around the world drove people indoors and threatened to bring world economies to a standstill. Thankfully for some, this provided the perfect opportunity for remote working and forced employers to seriously consider the benefits of working from home beyond the lockdown period. Now, as lockdown orders ease and some governments encourage people to get back to business, a debate rages as to whether working from home makes sense for companies in the long-term. While there are many folk that will gladly sing the praises of remote working, there are no doubt a number of distractions that need to be overcome.

Co-working spaces are a phenomenon that have been taking the world by storm for quite some time now.

Is there a middle ground between formality of a traditional office environment and the isolation of remote working that fails to feature sufficiently within these debates? Yes there is! Co-working spaces are a phenomenon that have been taking the world by storm for quite some time now. These are spaces where people who are either self-employed or from a range of companies come together in an office-like setting to share resources and work productively on a more ad hoc basis. Let’s look at some of the benefits of co-working spaces:

Great Networking Opportunities

One of the limitations of working from home is that workers lose some of their ability to collaborate naturally and share skills. With a co-working space, working alongside other people from a variety of industries and professionals provides ample opportunities for networking. In fact, it may even be a better environment for networking than the traditional office setting, as it allows workers to connect with those they would never cross paths with previously. Furthermore, these spaces are great for freelancers and entrepreneurs as it allows them to grow their professional networks and outsource ideas.

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Good for Productivity

Although the jury is still out regarding the reason behind it, multiple global studies have shown that co-working spaces boost productivity amongst workers. Some of the factors driving this include employees having more control over the job, people starting to ascribe more meaning to their work as well as the fact that being surrounded by like-minded motivated people can create a sense of community.

Flexibility

Naturally, one of the biggest perks of remote working is the increased flexibility and independence for employees. Similarly to working from home, co-working spaces allow workers to structure their days according to their personal schedules rather than having to be restricted by the standard 9 to 5. On the flip side, these spaces also offer companies flexibility too. Start-ups especially may not be in a financial position for a formal office space, and while it may be possible for their employees to work remotely, there may also be times where collaboration is necessary. Some co-working spaces offer companies to rent rooms for meetings on an ad hoc basis, thereby allowing them to save on the cost of an office rental.

A Happy Medium

Sure, working from the comfort of your own home has its upside, but it can also feel a little isolating at times. No person is an island, and even just brief interactions with other humans can have an impact on our happiness. Human connections are what make us feel established as part of a community. On the other hand, the formality of an office environment and the anonymity that one may feel when working for a large corporation isn’t for everyone. Co-working spaces, however, offer a happy medium - providing opportunities for collaboration and human interaction without the formality of an office structure.

Potential for Growth

Scalability is another great benefit of co-working spaces. Perhaps you are currently a one-person operation, but as your business grows it may not be possible to continue working from home. From a simple hotdesk to a four-person office pod or an entire office suite, co-working spaces such as those provided by Novel Coworking in SoCal offer a range of solutions which are great for enterprises as they expand operations. 

As the world of work changes around us, co-working spaces clearly offer a really broad range of nuanced benefits that can potentially bridge the divide between traditional office stalwarts and work-from-home warriors. Whether you are an established business owner, a budding entrepreneur or a freelancer going it alone for the first time, co-working could just be the solution you are looking for.

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