Coworking Spaces Explained

 

Explanation Coworking Spaces 

 

Co-working as it is spelt out is a situation where people work in the same space. Coworking spaces are independent spaces where people gather to work together or individually. Such spaces are not typical offices as they include individuals working for different companies rather than just one. This means that multiple different people and companies share a single space.

Coworking spaces offer different amenities based on the type of coworking space. This can range from simply a desk with an internet connection to custodial services to a specialized workplace with industry specific printers and other equipment. Coworking spaces allow individuals to share an office space where members can enjoy the privileges of an office without its drawbacks as it allows for greater flexibility.

In recent years, workplace culture has seen a massive shift beginning with the pandemic that forced numerous employees to work from home. This led to a new approach to working. Post-pandemic many employees still choose to work remotely however, they may not want to work alone from home.
This had led to massively underutilized traditional office spaces. Lead by the ideas of today’s working population, coworking spaces have become increasingly common. Before we completely dissect this topic, let’s get a solid understanding of what coworking spaces are.

Types of Coworking Spaces

Open Coworking Spaces

Conventional or open coworking space is what usually comes to mind when people think of coworking. While we’re hesitant to label any flex space type as “traditional” given the many different varieties,

Private Coworking Spaces

This category of flexible space is oriented to companies and teams who are concerned that being in the same space as other companies have more negatives than positives. Private means a lockable door, sometimes even on a private floor, with your corporate branding, a private kitchen, and conference rooms that are unique to that team or company – All of which are available on flexible terms as short as 6 months. Private Workspaces are for usually for teams of 8 or more, and though they cost more than coworking, they can provide the same flexibility as coworking spaces, with the privacy of a traditional office.

Industry-Specific Coworking Spaces

This is a niche category of coworking that caters to specific industries or demands. Healthcare providers, law firms, creatives, and other specialized skill sets favor this type of coworking space thanks to its ability to tailor the environment to particular needs. They afford more privacy and customization with a wide variety of atmospheres that depend on the nature of the industry that the space serves.

High-end Coworking Spaces

A high-end coworking space will typically have nicer amenities than a more conventional one, usually providing additional membership benefits as well. For instance, Industrious sites offer commercial kitchens, food, and beverages to its members. Generally speaking, high-end, full-service coworking facilities provide luxury and convenience that distinguish them from the other types of flex space

Corporate Coworking Spaces

This category of coworking space caters to a more corporate or professional type of tenant. It will be more budget-friendly than high-end space with a quiet atmosphere that is private and highly professional with dimmer lighting and less energy than other types of spaces. Regus typifies this corporate category of coworking, which perhaps wouldn’t be a great fit for a small, innovative startup that thrives on collaboration. However, with Regus being the largest coworking brand in the world, there’s obviously a massive market for this type of space.

Shared Coworking Spaces

This is the least defined of all of our nine categories. Simply put, you’re using space that someone else chose or even designed. While subleased or shared office space can potentially be easier on the budget – depending on the type of property, location, amenities, and other factors – the property you’re subleasing in will entirely determine the environment and vibe.