Coworking is more than just a workplace trend or a fancy word. There is something special about it as several kinds of businesses, irrespective of their sizes are moving towards operating from a shared space. The past decade has seen a ground-breaking revolution in the face of commercial real estate with the success of co-working spaces. If we have a look at the year after year statistics and number, there has been a huge rise in the clients of furnished office space across all the Indian cities. This indicates the reflection of the satisfaction of the current co-workers that attracts more of them to the office.
Following are a few factors that can be attributed to the success of co-working:
- Collaboration and Networking
In a co-working environment, cooperation comes above competition.
Co-workers participate and collaborate in each other’s activities such as surveys, product testing and more, and provide useful feedbacks and inputs. Helping each other in getting better is quite common venture in shared spaces. One can make connections across industries and make friends like never before rather than being confined to just one company’s colleagues which further ensures that everyone thrives together, yet independently.
- The sense of community
Coworking spaces are sprouting in huge numbers around us, one being better than the other in terms of its interiors design and plans. Nevertheless, each co-working space provides you with similar amenities and subscription plans. What makes them stand out from the other is the sense of community. Essentially, a community is a group of people with likely mindsets coming together at one common place. Certain co-working spaces have the majority of artists, some are tech-savvy and digital, while some are youth dominated and so on. One can choose the kind of people they want to work with, once they are on-board with their ideas.
- Lower expenditure as compared to owning your own office
When it comes to starting a business, it is not always recommendable or possible to rent an office space owing to the high cost. A lease can vary anywhere between 2 to 10 years, along with a deposit. This is where co-working spaces are proving to be a boon as it is based on pay per use model. It offers flexible membership plans at affordable prices as well as flexible renting period.
- Central Location for Clients and Increased Productivity
With the availability of a central location, the stress of client meetings reduces. Along with this, ease of access and variety of options for restaurants, transportations and shopping helps. The social atmosphere of a coworking environment and being surrounded by committed professionals each day motivates one to work hard and efficiently
- Learning Opportunities
A coworking space allows one to work across the desk from someone with a completely different skill set than theirs. One might even catch themselves working with a fresh perspective as well.
Motivation from co-workers can help break through the blockers and deadlocks. It also provides a platform for you to get out of your comfort zone and learn to socialize, work in harmony, form connections, be creative and even take risks.