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Why Coworking is the Future of Work

what is coworking

This is a guest post for the MELD Coworking blog written by Riya Sander.

What Does Coworking Mean?

Coworking spaces involve more than shared infrastructure and cost, it’s about creating a community which promotes productivity. They’re made to offer a collaborative and accessible working ecosystem for dynamic workers without corporate constraints. And through flexible memberships, coworking spaces cover all infrastructure and social needs.

How Coworking is Changing the Work Landscape

Technology’s evolution, the Internet of Things (IoT), and cloud computing are the main drivers of mobility. On top of that, workers are no longer confined to a specific cubicle or desk to get the job done.

Traditional corporate work involves being assigned a desk, a desktop computer, and “fixed” tools to efficiently fulfill your tasks, whereas new software such as a cloud server helps remote workers collaborate and handle projects together. The cloud-led ecosystem has gradually made remote work become the new standard. With just a laptop you can virtually connect with your colleagues and access essential tools and data required to do your job.

Coworking spaces today are marketed as a service, which combines affordable infrastructure, technology, retail, and hospitality. They provide the necessary amenities to help you focus on your projects rather than office logistics.

Why Are Coworking Spaces the Future?

Entrepreneurs, independent contractors, startups, freelancers, and corporate employees now have the luxury of working remotely, and coworking spaces cover their needs through a wide range of benefits such as affordability, flexibility, networking, amenities, and productivity. So, let’s dive into why coworking spaces are becoming the new normal.

Affordability

Traditional office leasing, especially in large cities, can be expensive even for large corporations. But coworking spaces help cut costs by offering a wide range of memberships and leasing options including access to meeting rooms, conference rooms, and office equipment. Although coworking membership pricing can vary, costs are still significantly lower than traditional offices across the board.

Increased Flexibility

Members enjoy increased flexibility to choose from a variety of membership options. You’re not forced to commit to a 1-year or 5-year lease. Usually, coworking memberships are based on month-to-month plans. That means that if you decide to cancel for one month, you won’t pay a penalty. But you’ll also find hourly, daily, limited and unlimited monthly access. And in some coworking spaces, members can also use the space after business hours.

Offline Networking Platform

Coworking spaces are real offline networking platforms. You can meet new like-minded people and connect with entrepreneurs and mentors. What’s more, many coworking spaces organize monthly events to help members connect with each other and possibly engage in business collaboration. You can easily meet clients by joining a coworking space and build long-term and mutually beneficial relationships.

Amenities and Productivity

By joining a coworking space, you’ll enjoy access to a furnished and fully-equipped workspace at a low price. You can connect to high-performance wi-fi and hold meetings in conference rooms so instead of focusing on managing the office space, you can focus on your work.

Thanks to the increased energy levels provided by coworking spaces, about 74% of coworkers are more productive. It’s because they’re surrounded by motivated individuals who are focused and pushing themselves professionally.

The Future of Coworking

Today, coworking is a global phenomenon with a 24.2% annual growth rate. And it’s not slowing down.

The main factors advancing the gig economy and the coworking industry are increased worker mobility, accessibility to a community of like-minded workers, high productivity rates, and easy access to technology and office infrastructure.

Whereas the gig economy has grown exponentially in the States, it’s still developing in Europe, mostly because it threatens its employment regulations and laws. Nevertheless, in developed European countries, where employees don’t fully rely on their employers for benefits such as health care or tax relief, the transition to self-employment is easier.

In a nutshell, the future of coworking looks bright as it promotes and sustains diversification, which, in turn, reduces risk and increases the productivity and happiness of freelancers and remote workers.


coworking in austin

About the Author: Riya Sander is an inspired writer writing in several areas of expertise. With spending her years working marketing communication, Riya is delighted to work with aspiring small business owners. Apart from her marketing expertise, Riya always enjoys reading pocketbook, cooking, and traveling. Connect with Riya on twitter, @sanderriya.

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