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April 20, 2015

Top 3 Trends Shaping the Future of Coworking

The reason behind coworking’s growing importance has to do with its balance of benefits vs. drawbacks. Coworking space pros and cons are simple and equally proportioned, but the value of benefits significantly outweighs any drawbacks. Take a look:

Benefits

Coworking benefits both companies and employees. For companies, it’s all about cost savings. On the employee side, it’s about having the freedom to work in a way that’s best for every individual. As the demise of the traditional workplace creates more remote workers, benefits will increase:

  • Allows employees to work remotely in a professional setting
  • May prove more cost-effective for businesses, opposed to a larger lease
  • Improves networking opportunities for mobile workers
  • Zero maintenance involved in facility upkeep
  • Pay-as-you-go and membership models offer flexibility to professionals
  • Diverse space types, from individual workstations to group spaces
  • Accommodates almost all work hours

Drawbacks

Most coworking drawbacks revolve around the openness of the space. Diverse people working in an equally diverse space means distractions. Moreover, there’s a general lack of hierarchy and order, which takes some getting used to for both companies and employees. The good news is that many of coworking’s downsides simply require new habits and familiarity to overcome.

  • Lack of permanence and dedicated personal space for traditional employees
  • Lack of privacy and excess of noise and distractions can be hard to cope with
  • Potential for personality conflicts between random individuals
  • Cost prohibitive to companies with rapidly growing space needs
  • Issues stemming from decentralized workers and lack of direct oversight
  • Desk availability isn’t always guaranteed (even with reservations)

Are co-working spaces worth it? As demand for flexible work environments grows, commercial real estate costs rise, and employees enter the remote workforce, coworking becomes even more important. Based on the breakdown of pros and cons, many companies see them as an invaluable part of their business strategy.

Are co-working spaces worth it? As demand for flexible work environments grows, commercial real estate costs rise, and employees enter the remote workforce, coworking becomes even more important. Based on the breakdown of pros and cons, many companies see them as an invaluable part of their business strategy.

Category: Rent a Desk, Workspace
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