What is a Coworking Space?

Coworking space is not a novice term to many people. As we all know, remote and hybrid work are both growing rapidly. Because of this, more and more people are curious about coworking spaces. Coworking is also known as a physically collaborative shared workspace.

So, in this detailed article, we’ll discuss the coworking space, how to find a good one, and which one must avoid. Its types, advantages, the types of people who can benefit from this type of place, and any other typical questions you may have, we will discuss in it.

Co-working Space

In the coworking business concept, people can work alone or with others in a shared office setting—also, the place or space where people are together or alone is known as a coworking space.

By its most basic definition, a coworking space is a place built to host employees from various organizations. These shared spaces provide shared resources, services, and equipment in a building or area. It gives a perfect environment for small businesses.

Shared office spaces provide the same benefits as typical offices offer and some additional facilities. Because you do not have to sign a long contract in coworking spaces, flexibility is a huge advantage. If you don’t like a particular coworking space, you can quickly move on and find another.

The essential services that shared office spaces always have include WiFi, printers, and usually a conference room. Some also serve tea, coffee, lunch, snacks etc.

Benefits Of Coworking Space

Now individuals have diverse options as the working world changes to a new normal after pandemic.

New normal consists of remote work and study. However the commonality we hear all the time is “I can no longer do this at home!”

There are legitimate and significant drawbacks to consider in regard to the debatable issue that working from home adversely influences productivity. These include boredom, social isolation and a decline in creative ideas.

So is there a strategy to eliminate all the aforementioned negatives?

An excellent solution is a shared workspace. Individuals may easily reserve a clean and  secure space to optimize their productivity. 

The following are some advantages of coworking spaces:

Enhance Productivity

Around 70% of individuals say that working in a coworking space helps them concentrate more. Renting a workspace from a coworking site will maximize your level of concentration if you desire to work outside of the office but still in a professional environment. Additionally, the unique advantages a coworking space offers will always surpass the expense.

Mental Wellbeing

Among numerous benefits of coworking space, mental wellbeing is the most integral. Working in a shared workspace enables your social network to expand, which helps you avoid isolation and enhances your interpersonal skills.

It can be quite draining  to handle all of your work alone. Engaging everyday with coworkers is a vital part of the working world. You’ll feel the presence of like-minded people with independent lifestyle. This way you will feel cheerful, sociable, and happy.

Flexibility

It’s as easy as picking your workday and time, then showing up! 

You may manage your own day without the stress of owning an office if you rent shared office space from an agile workplace. 

Networking

The possibility of connecting with like-minded individuals is boosted by coworking spaces, which is a wonderful incentive for your self-growth. 

You get to converse with individuals from diverse fields and industries. Engaging with great performers not only promotes a community feeling but also strengthens your own self-assurance and opens doors for improving your service.

Creates A Structure For Work-Life Balance

Your mental health relies on finding a work-life balance, thus there should be a designated area between your home and office. Due to its absence, your personal and professional responsibilities lack structure therefore everything becomes hazy. 

This structure is provided by coworking spaces since it creates a separation between your home and work environments; you have a location to go for work and home for relaxation.

Boost Creativity

You gain a tonne of knowledge and unique ideas from working with other like-minded individuals. Switching up your workspace is a great way to relax your mind, and brainstorming with others can help you be more innovative.

Emotional support

Among several benefits of shared workspace emotional support standouts. Working in a shared office environment fosters the development of a network of supportive coworkers. This might support you during your moments of uncertainty. They might even act as a listening ear for your artistic endeavors.

Make The Most Of Your Time

Due to interaction with other workers, an office gives off a distinct vibe and perspective. Each individual will be occupied with their own passion projects, giving you the energy and inspiration to succeed. Several researchers concluded that about 80% of individuals feel confident, focused and motivated while working at a shared working space.   

Would A Coworking Space Be Suitable For You?

Coworking space is an attractive solution for freelancers and individuals feeling isolated working from home, and has become a global trend. The types of people accessing coworking space include:

• Remote workers that prefer an office setting something beyond their home.
• Freelancers seeking a shared workspace for networking and collaboration.
• Workers who are more accustomed to traditional offices are seeking an inspiring environment.
• Companies who are in dire need of momentary space for project-based teams.
• Travelers who require a workspace while on a business trip.

Types of Shared Workspace

Some organizations have requirements when selecting the best type of coworking space because various businesses have unique demands and expectations. To make this decision-making process more accessible, we will explain some coworking spaces available for your startup or business.

1. Open Workspaces

As the name implies, an open plan office is a type of office layout in which every employee works on the same floor and in the same common area. Open-plan workspaces have offered office cubicles outdated in favor of a more collaborative and stimulating work environment.

In this type of coworking, when workers want to communicate, they pick the method—face-to-face meetings, video conferences, phone calls, social media, email, messaging, etc.

2. Private Workspaces

Teams of eight or more employees typically use private workspaces, but you need to know that this type is more expensive than a traditional coworking space. This kind of coworking can offer the same flexibility as coworking spaces. Additionally, it provides privacy, much like a conventional office.

Employees working in private offices are more effective and productive than those working in open offices because private offices have fewer issues. Because quiet workspaces are unaffected by outside noise. It indicates that private workspaces are more productive than other workspaces.

3. Meeting Space

So many businesses and self-employed persons choose to rent meeting space rather than commit to an office contract as we are recovering from the pandemic. A lot of companies provide excellent customer contacts for client meetings, team meetings, planning meetings, and other events. Many coworking spaces offer hourly, daily, or even weekly coworking space offers to clients.

These places have calm meeting areas where people feel free to exchange ideas and information. Additionally, they offer a welcoming and professional environment, so you can be sure to get the most work for your company out of your team and leave the best possible impression.

4. Industry-Specific

As we all know, networking with people with similar interests and life experiences is a great idea. Precisely for that reason, these specific spaces were created. Moreover, these areas are designed to fulfill the requirements of members in a particular industry. For those in the creative industries, there are coworking spaces available.

Graphic designers, visual artists, and videographers can work together under one roof. They can interact with each other and do their job. Keep In mind that these workplaces for a particular industry may provide a mix of private and open workspaces.

Types of People Who Benefit from Shared Office Space

Here are some people who can benefit from coworking spaces.

Freelancers: For freelancers, coworking spaces are conducive. They can work without a need for an office, which is very beneficial for them. Since they can work anywhere, a coworking space is their best choice.

Students: Coworking spaces typically associate with freelancers, entrepreneurs, and other mobile workers, but they can also provide students with an affordable and adaptable workspace, especially for those students who want to launch their businesses. They can interact with their coworkers and learn from their knowledge and experience.

Remote workers: This is excellent for those who work remotely and don’t want to connect with an on-site position. They cannot complete their work at home because of all the distractions. Coworking spaces are thus a good choice for those who work remotely but no longer want to do so from home.

FAQs

Which are the biggest challenges of working in coworking spaces?

Lack of privacy, constrained space, insufficient resources, and the failure to customize one’s workspace are the primary problems of coworking spaces.

What do people want from a coworking space?

One-fourth of workers claim they experience safety and security issues at their coworking location. Clients want better security and data safety. You must solve these problems for a better experience.

What is the future of coworking spaces?

According to a recent study, there are currently 3% of coworking spaces among all office spaces. However, by 2023, the coworking space market will have expanded by more than 6%.

So Why Do You Still Wait?

The emerging method of blending work and life sustainably is coworking space. Spend some time coworking if you’re feeling trapped in your work.

By dwelling on coworking space best practices you can reap out the benefits of coworking space to the fullest. 

If you are searching for an affordable co-working space in Rawalpindi/ Islamabad, please feel free to contact Enrollwork and we will follow up with you soon. Your concerns are welcomed and appreciated. They will be addressed timely.