With the current technological advancements, the place, form, and definition of work keep changing. Unpredictable changes such as the eruption of the COVID-19 pandemic have proven the need for an improved working system and business environment. The current and upcoming businesses need to adopt a more flexible working environment to adjust to these changes. An excellent solution to this dilemma is adopting a more decentralized and flexible working space known as co-working.
According to statistics, between 75% and 90% of workers love the personal connections that coworking makes possible and this increases their productivity, as they feel more engaged and motivated. Thanks to the benefits of coworking, many US cities, such as Denver, Atlanta, Seattle, Washington DC, LA and Boston keep adopting the practice. For example Seattle, with the fourth fastest growing freelance economy, shows coworking spaces growing rates. Choosing coworking space for rent in Seattle can be the best investment for your business, as the city is a great coworking location with around 50 shared office spaces. It is also worth mentioning the city’s big economical potential and talented workforce , which is a key factor when choosing the right business entourage.
What is co-working?
Co-working refers to a situation where people assemble in a neutral space and function as independent entities with different goals and projects or organized into groups working on one project. The critical zone of the pandemic had most businesses shutting down or adopting a working-from-home approach. Constant distractions and the shock from the sudden change lagged productivity for most companies. Co-working enabled outsourcing of working spaces from the third party at an agreed plan. It became possible to mimic the conventional office amenities such as printers, Wi-Fi, conference rooms, and tea or coffee vendors. More importantly, co-working spaces provided flexibility to adjust to various working climates, such as the need for social distancing. They are usually cheaper and accessible for longer durations during the day and night at the convenience of the employees.
Why use co-working spaces?
If a commonly shared office building for the same company offers the same services as a co-working space, why go for a co-working space? To answer this question, let us consider an ideal office setup, where all employees clasp in the same working environment. Such an environment lacks extrinsic motivation. It is impossible to learn new things from business counterparts and rivals. What are the chances of making meaningful interactions and connections? More importantly, what would be the fate of such a company should this building be rendered unfit for human occupancy? Most likely, all operations within this company would be at a standstill for quite a time.
Co-working spaces provide diversity. Employees get to interact with others from other companies and learn from them. Small talks among such employees from different companies can always sprout into meaningful connections and partnerships. With time, networking becomes rampant in any co-working space, which leads to the rise of new opportunities. For upcoming businesses, co-working spaces provide an opportunity for newbie employees to receive mentorship. Such co-working spaces have this way of bringing a spark of motivation into the employees that would otherwise not exist.
As earlier discussed, the pandemic pushed the fate of many employees into home offices. Co-working spaces are an excellent solution to the constant distractions associated with working from home. Being within an environment surrounded by a few co-workers is a good boost for your spirits. Unlike working from home, working in such an environment boosts creativity and keeps you sharp. Also, co-working spaces are flexible. It is easy to stumble upon a suitable lease with more flexible deals rather than going for a long-term lease program. You are always free to opt out of the lease when you feel it is not suitable. Such flexibility in co-working spaces makes them ideal for freelancers and upcoming businesses. Co-working spaces are also more convenient to budget.