Future of Coworking Spaces
As the future is moving towards remote working, the market for coworking spaces is getting bigger and bigger. Even if the business has taken a hit during the start of the pandemic. In the long run, the changing sentiment is good for them. What this means is that even if coworking spaces lost customers at the start, the idea of remote working is making them more profitable than ever. This changing attitude towards working location will make coworking spaces the best choice for businesses in the future.
At the start, employers were setting work from home protocols. The sentiment was against any kind of office space, including coworking space. However, after a while ‘work from home fatigue’ became a thing. It was then that coworking spaces started to blow up in popularity.
Coworking Space for Freelancers
Freelancers and entrepreneurs started becoming regulars. Even companies began to realize the benefits of having versatile office spaces. Businesses that had to sell off their office spaces started getting meeting rooms in these coworking spaces. They began to realize that a zoom meeting can never replace a real-life meeting.
Even before the popularity of coworking spaces, freelancers and remote workers have been working at coffee shops just to get out of their homes. Now, as all employees are basically remote workers, coworking spaces have become the common refugee for everyone. These spaces are following all the necessary precautions during the pandemic. That is why even as the pandemic is going on, they are still getting traction.
Expert’s Prediction about Coworking Spaces
Experts believe that after the pandemic comes to an end, only the biggest companies will be able to afford dedicated office spaces. While people enjoy remote working, they are clearly tired of working from home. So how will smaller businesses solve this problem? The answer is these coworking spaces. These spaces also allow businesses to decentralize their physical presence. Employees do not need to converge on a single location from all over a big city. They can work from a coworking space near their home. This will also help reduce traffic congestion in many big cities around the world.
A getaway from being stuck at home
Since all the family members are stuck at home. It can get a little crowded from time to time. Students are doing classes from home and teachers are taking classes from home. More often than not, employees have to work while a class is going on in the background. Then the fact remains that not everyone can afford to spend money and space to create a distraction-free dedicated workspace in their home. It is very easy to get distracted when working alone. Even the YouTube or Facebook icon can take your focus away.
More and more businesses that are getting tired of Zoom and Google meeting are renting meeting rooms. Unlike a dedicated office space which needs to be leased for a long period of time. A meeting room in a coworking space can be had for just an hour. They are very affordable as well. Affordability is one of the main reasons that coworking spaces are able to change the motto of ‘work from home’ to ‘work from anywhere’. ‘Walk to work’ is becoming the new trend. Decentralizing office locations will also help decongest corporate offices.
It is clear that businesses need to change their working models. Experts say that working from coworking spaces will emerge as the norm after the pandemic. Other than freelancers and entrepreneurs, they will attract small and large corporates as well. Working from coworking spaces is more productive than working from home. Coworking spaces are also more affordable and less risky than traditional offices.
Any office manager and business owner know the big of headache maintenance is. Since maintenance of coworking spaces are done by business centers that own them. It is one less headache for businesses. The pandemic made it clear how risky fixed assets are. Many businesses have sold off their office spaces and many are looking to sell them off with no buyers in the market. Companies that had to downsize their working force are left with empty office space. Empty office space is an expense that is producing no revenue or return.
As people are finding themselves out of jobs. There will be a lot of unemployed people after the pandemic is over. Thankfully, coworking spaces provide networking opportunities to people working there. Freelancers might meet their future clients in these spaces. Likewise, clients might find a suitable expert to help them with their business. Mashing corporates, SMEs, entrepreneurs, and freelancers together under one roof is bound to create a lot of new opportunities.
Other advantages of coworking spaces
Coworking spaces provide a lot of amenities that smaller firms cannot afford in their regular offices. These amenities include things like coffees and snacks. They also provide other entertainment like ping-pong tables and dartboards. These amenities will vary from one coworking space to another. These add-ons exist in the first place because of the competition between business centers to make their coworking space more attractive than others. This has become a new industry by itself. Some entrepreneurs will access to real estate are opening their own coworking spaces to get in the business.
As these spaces are filled with hardworking people, some productive communities arise from these places. You will find yourself surrounded by people that motivate you. If you work in the creative field, you will be inspired by the creative people that work in these offices. You may even meet people you would like to collaborate with. People often meet their business partners in coworking spaces. You never know where a casual conversation with another motivated person may lead.
Last but not the least, coworking spaces give you a comfortable and efficient workspace. You can get your work done in a distraction-free space. Just like a library helps you study with its optimized environment. A coworking helps you get your work done efficiently without distractions.