Types of Coworking Spaces and Their Advantages

Are you thinking of working full-time or part-time as a freelancer? Or, you could be considering starting up your own business? If you’ve been looking around for the ideal place to begin operations, think about renting coworking space. It will interest you to know that the Global Coworking Survey reports that by the end of the year 2016, more than 10,000 coworking hubs have opened in different locations across the U.S. Given the widespread demand and availability of shared spaces, you should be able to find a convenient office close to where you live. Before you set out to find such a place for work, make sure you evaluate the facilities and match them to your requirements. Keep in mind that finding the right environment can help you expand your business quickly.

Coworking Spaces Leased out by Businesses

Many companies have developed coworking spaces in rented office premises. They make available all the facilities and amenities that budding freelancers and entrepreneurs may need. In addition to desks, chairs, cubicles, and internet connections, these companies provide equipment such as printers, copiers, fax machines, and other devices essential for running an office.

Companies running these shared working areas take care of organizing utilities, insurance, and cleaning and maintenance services. Some companies may offer advanced facilities such as a coffee and snack bar, gym, nap room, lounge, kitchenette, and conference rooms. You’ll only need to go for a trial and assess the ambience before making your choice. The only investment you may need to make is in economical refurbished devices and gadgets such as laptops, cell phones, and tablets. More information can be found here on online stores like Amazon, eBay, ReUseTek, and Newegg, among others.

Coworking Spaces for Freelancers

According to an article in the Forbes magazine, by January 2016, more than 53 million freelancing professionals were working in the U.S. alone. Experts predict that by the year 2020, around half the workforce in America is likely to be employed independently, possibly from remote locations. To cater to this growing category of professionals, certain companies organize coworking spaces for the use of freelancers only. Such spaces carry low rent, have limited facilities, and may also have longer working hours. They are the ideal dynamic hub for the mingling of like-minded workers with common goals.

Coworking Spaces for Established Businesspersons

Some coworking space providing companies cater to established businesses looking for temporary operational offices. For instance, you might be looking for an office in a new city for a short time while you form new partnerships and sign contracts. Or, you could be a visiting accountant, lawyer, or PR agent looking for well-equipped premises that spell upmarket standards and services without your having to divert time and energy towards administrative tasks. Typically, these spaces have limited working hours and may provide you with additional facilities such as personal assistants, state-of-the-art furniture and accessories, phones, and other essentials. Since these companies like Regus operate out of different cities with over 3,000 centers around the world, you can rent them in whatever location you need working space.

Entrepreneur Incubator Coworking Spaces

As an entrepreneur developing a new business, you could opt for coworking spaces that are specifically created for the assistance of startups. The owners of such work hubs offer you help and advice with business incubation. In addition, they may offer you any other support and training you need. If needed, you can use their services to raise funding for your enterprise.

Such hubs often cater to a particular niche of businesses. If you can find other entrepreneurs working on related products and services, you could create profitable partnerships and form symbiotic working relationships. The energy, flurry of activity, and constant interactions and exchange of ideas in such locations can make working truly productive.

Large Corporate Owned Coworking Spaces

Large corporate giants like IBM, Coca Cola, Orange, and Phillips are adopting the culture of coworking spaces in different ways. For one, they offer available desk space to freelancers who can come and work on their office premises. This strategy has various advantages. The company profits from the presence of younger talent that is competitive and innovative and can give their own workers a much needed intellectual boost. If and when additional skills and working hands are needed, they have the personnel within the building ready for employment. In addition, the best advantage of renting shared work spaces outside of the company complex, companies can provide their workers with a selection of convenient remote locations to work from and save them the time and energy of commuting.

Coworking Spaces Shared by Related Businesses

In this variation of coworking spaces, two or more companies working in related fields may hire or set up coworking spaces to collaborate for the sharing of ideas and business models for mutual benefit. Like, for instance, Steelcase, Wolverine, and Amway. In yet another variation, subsidiaries of the same company may set up base in a common working area for innovation and perhaps, providing better services to customers.

When you set out to search for the perfect coworking space for your new business, you’ll find that the concept has evolved a great deal to today’s times when these hubs are better designed to meet the needs of every kind of worker. All kinds of professionals whether entrepreneurs, freelancers, remote workers, or large corporates are opting for these shared spaces to tap into their immense potential and positives. Choose the one that matches your needs and soon success will be well within your reach.

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