The advantages of Coworking Spaces for Corporations

Do You Know The Advantages Of Coworking?. With increased companies choosing flexible working, coworking spaces are rising. But do you know the advantages of these offices? Find out more within our blog.

Coworking enables versatility teams could work as much as it suits them, even if travelling, and companies can scale workforces up and lower when needed. For instance, should you experience rapid growth, you are able to rent more desks inside a coworking space. Likewise, you are able to remove desks out of your membership should you don’t need them.


Video advice: 5 Reasons Why Coworking Spaces Are the Future of Businesses


Business growth – Greater workplace flexibility brings lots of benefits to businesses, including a more relaxed and productive work culture, better employee wellbeing and a competitive edge when it comes to recruitment and talent retention. Plus, many coworking spaces also offer flexible payment plans, where businesses or entrepreneurs can ‘pay as they go’ for shared office spaces and avoid expensive contracts or set work hours. To make sure you get the best option for your business, the Regus customer support team will help you to explore all the different memberships and plans on offer.

Why Are Big Corporations Choosing Coworking Spaces?

Why are large corporations moving into coworking spaces? Read our analysis to discover the reasons behind this trend!

  • Big Corporations Are Using Coworking Spaces
  • Ease of Access to Innovators
  • Improved Productivity
  • Cost Effectiveness
  • Flexibility and Convenience for Employees

Coworking spaces have been popping up all around the world. People in all types of careers appreciate the flexibility of working in non-office environment that has the amenities they need, such as fast internet and printing, along with a setup that promotes collaboration and creativity. When the average person thinks of members for coworking spaces, they picture freelancers, those who work from home or remotely, startups, and small companies. However, anyone can use a coworking space, and these are far from the only groups that do so. Big Corporations Are Using Coworking SpacesThere is a growing trend of big corporations taking advantage of the benefits of coworking spaces. Some technological giants, such as IBM, Microsoft, and Verizon, are testing the use of coworking spaces for employees so they can be close to and easily interact with innovative startups. One of the biggest coworking companies, WeWork, is seeing a growing number of large companies using their spaces. In fact, in recent times WeWork’s clients with more than 1,000 employees have doubled.

Why People Thrive in Coworking Spaces

They may make people happier and more productive.

Second, the lessons of coworking spaces can be applied to corporate offices. Just as it’s important to encourage flexibility and support your mobile workforce, there is an equally important reality of creating the right kind of work environment inside your own walls. But this doesn’t just mean creating open plan layouts or adding a coffee bar.

First, unlike a traditional office, coworking spaces consist of members who work for a range of different companies, ventures, and projects. Because there is little direct competition or internal politics, they don’t feel they have to put on a work persona to fit in. Working amidst people doing different kinds of work can also make one’s own work identity stronger. Our respondents were given the opportunity to frequently describe what they do, which can make what they do seem more interesting and distinctive.

Coworking: What Is It And Is It Right For You And Your Team?

  1. Freelancers And Digital Nomads
  2. Startups
  3. Small Businesses
  4. Small, Medium, And Large Enterprises
  5. Low Overhead
  6. Infrastructure
  7. Comfort
  8. Professional Image
  9. Flexibility
  10. Open Office
  11. Location, Location, Location
  12. More Time To Focus On Your Business

Who Uses Coworking Space?

By Bond Collective StaffThough the practice is almost 14 years old now, many people still ask us, “What is coworking?”. When they understand the concept and begin to see the benefits, their next question is, “Do you think coworking is right for me or for my business?”. Regardless of the situation, we can answer yes to this last question — it is right for you and your business — but that doesn’t always convince everyone. They need more than just our word for it. So, in this article, we’ll answer the question, “What is coworking?”, tell you everything you need to know about the revolutionary concept that is changing the way companies work, and show you why coworking is ideal for your business. What Is Coworking?

Coworking Space Benefits

Thoughtfully curated boutique work environments that provide an unmatched experience.

  • Inspiration
  • Collaboration
  • Productivity
  • Community
  • Networking
  • Effectiveness
  • Business Mindset

16 Coworking Space Benefits That Will Help Your Startup Thrive

By Bond Collective StaffIf you’re curious about coworking space benefits for your startup, you’ve come to the right place. In this article, the experts at Bond Collective show you why your business will thrive in a coworking environment. 16 Coworking Space Benefits That Will Help Your Startup Thrive1) Low OverheadThe necessities of today’s modern office space make it one of the largest expenses your fledgling startup will face. Furniture, decor, technology, repairs and maintenance, cleaning — these costs add up quickly and can put a serious dent in your working capital. But with coworking spaces, everything is taken care of. You and your team can walk in, find a place to gather, do your work, and leave. All for a low monthly fee that is considerably less than you would pay if you maintained your own office. When you weigh the benefits of coworking space against the benefits of owning and operating your own office, you’ll quickly see that a coworking space makes good sense (and cents). 2) InspirationWhen you work on one product or service hour after hour, day after day, you tend to form a tunnel vision of sorts.

Why is Coworking Space Important?

The reason behind coworking’s growing importance has to do with its balance of benefits vs. drawbacks. Let’s take a closer look at the benefits and drawbacks.

Coworking isn’t only about accommodating remote workers. It’s important to commercial real estate because it benefits both companies and their employees equally. Coworking takes the most important and expensive business cost—the workplace—and turns it into a service. The space-as-a-service model unburdens balance sheets and creates workforce flexibility.

  1. Benefits
  2. Drawbacks

Keeping pace with an evolving workforce

The space-as-a-service model changes the way companies function, too. By taking the most expensive element of work and turning it into a service, coworking companies maximize the value of physical workspace. Companies spend no time worrying about how to arrange desks or what their space optimization is. Coworking providers do this for them. This leaves companies free to focus on investing in their people, instead of space. In turn, employees get the tools and assistance they need to do their jobs better.

What Are the Pros and Cons of Coworking? – What is a coworking space? Is coworking right for you? Let’s talk about the best and the worst of coworking culture.

You can set up shop in the most walkable part of town, a central location where your clients and important partners can easily find you, and if your coworking space offers mail services, your business address has the added prestige of being located at the hub of industry in your area.

  • Pro: Coworking is cost-effective.
  • Pro: Coworking culture encourages creativity.
  • Con: Coworking culture gets loud.
  • Pro: World-class networking.
  • Con: You might run into obnoxious coworkers.
  • Pro: You can get premium locations at bargain prices.
  • Con: Some of those premium locations have limited parking.
  • Pro: Your formerly home-based business gets a major credibility boost.
  • Con: Meeting space is shared and might fill up at peak times.
  • Pro: Coworking increases productivity.
  • Con: There are plenty of distractions.
  • Pro: Coworking is flexible.

Benefits of Coworking Spaces for Entrepreneurs & Startups

Coworking spaces have become one of the hottest new trends for budding entrepreneurs. These trendy new spaces provide massive benefits for those looking to get their companies off the ground.

Once you surround yourself with others who are working in your field (or in fields related to yours), you will find it much easier to build valuable partnerships and gain clout in the market. This means that coworking spaces offer serious networking advantages for startups who forgo traditional means of operation.

The Bottom Line

Unsurprisingly, the most powerful—and obvious—benefit that coworking spaces provide to startups comes from their cost-cutting abilities. Coworking spaces prove much cheaper to rent than a full-scale office, and they provide many of the same benefits. These spaces typically come fully-equipped to handle your day-to-day business operations. Because you’re sharing the space, however, you’ll be able to pay a much cheaper price for the same functionality. In a sense, coworking spaces allow businesses to have their cake and eat it, too. While all businesses look to reduce costs, this proves especially true for startups that lack in capital. Businesses that are just starting out benefit from using coworking spaces, as they’re better able to direct funds to innovative expenditures. Ultimately, this allows for startups and budding entrepreneurs to get a solid foot in the market of their choice.

Corporate Coworking: Drivers, Benefits & Challenges

It’s expected that more corporate companies will become coworking members over the next few years. Larger providers of company coworking spaces such as Mindspace, spanning Europe and Israel, host Microsoft and Samsung as corporate members. Serendipity Labs spans the US and similarly provides workspace to companies such as Amazon or General Electric.

  1. Innovation and Collaboration
  2. Corporate Economic Efficiency

The utilization of coworking spaces by corporate companies is on the rise. Factors feeding the trend include increased flexibility, lower costs, greater emphasis on employee values and the global drive towards innovation. However, corporates have their own strategic position when it comes to coworking. Why do they utilize such space and what are the advantages and disadvantages of doing so? And what benefits and challenges does this trend pose for the providers of coworking spaces?

Corporate Coworking

The interest of large corporations in flexible workspaces has been growing gradually over the past decade but has sped up exponentially over the past year due to the pandemic. What has been driving this shift in perspective and what can flex spaces do to take advantage of it?

Pay-per-use – The interest of large corporations in flexible workspaces is not a new phenomenon motivated by the pandemic, this interest has been around for more than a decade now. The desire of corporations to implement flexible workspaces has grown quite a lot in real estate portfolios in recent years. However, the pandemic, along with other factors, has accelerated this process exponentially. Flexible workspaces bring flexibility to a sector that has traditionally lacked it: the corporate real estate industry has tended to work on long leases, sometimes not very well fitted spaces, and having to deal separately with suppliers (wifi, electricity, cleaning,. . ). This makes the process complex. At this point, you might be asking yourself the following question: Why has this flexible workspaces model not been adopted earlier? The answer is complex, every operator is different and, obviously, every market has a different adoption rate. In my opinion, there are several factors that have established a relatively slow pace in the adoption of these solutions.

7 Top Coworking Benefits: Helping Workers and Businesses Thrive

There are many benefits of coworking. These membership-based workspaces foster business growth by offering a social, supportive, energetic and creative environment.

With all the benefits of coworking, it’s no surprise that people who cowork enjoy doing so. In a University of Michigan Coworking Project survey, people who cowork averaged 6 on a 7-point scale in response to questions about “thriving” in the workplace, which was higher than the average for employees who work in regular offices.

  • Coworking Benefits for Businesses
  • Personal Benefits of Coworking

Video advice: Co-Working Spaces Explained


Pros & Cons of Coworking vs. Working from Home

Coworking spaces — defined as membership-based workspaces where diverse groups of freelancers, remote workers and other independent professionals work together in a shared, communal setting — are a hybrid of your favorite neighborhood coffee shop and a traditional office setting. They offer a social, supportive, energetic and creative environment that fosters business growth, while providing the equipment, technology, support staff and conference rooms you need to conduct business.

Benefits of Coworking Spaces

Coworking spaces provide small businesses, independent contractors and other workers a space to work, network and participate in the local business community.

Many coworking spaces offer very flexible agreements. If, for some reason, you need to cancel your membership, there are usually flexible options to do so. This makes it an ideal business service to try out and see how you like it. If you have a good experience, you’re set. If not, there’s no harm in canceling your membership.

  1. More networking opportunity
  2. Increased productivity
  3. Coworking spaces expose you to chance and opportunity.
  4. Boost in creativity
  5. Collaboration opportunities
  6. Cost-efficiency
  7. Greater flexibility

This is especially true for small business owners working out of a home office. When we’re at home, it can be easy to get distracted. Kids need attention, the house needs to be cleaned or maintained and special projects can constantly crop up in our minds. By going to another space, you can solidify a “work mode” that can increase productivity. Many coworking spaces are accessible 24/7, so you don’t have to worry about when you need to get something done.

5 Types of People Who Benefit from Coworking Space

There’s been an increase in the number of professionals working outside of the conventional office environment. The most common alternative is working from home.

Contact Us – 5 Types of People Who Benefit from Coworking Space There’s been an increase in the number of professionals working outside of the conventional office environment. The most common alternative is working from home. While working from home has many benefits, some are finding it to be an isolated and counterproductive way to work. It is for this reason that many independent professionals are starting to use coworking spaces, which are defined as membership-based workspaces where people from different businesses and industries work together in a shared, communal setting. There are several different types of people who would benefit from using a coworking space as opposed to working from home. Remote WorkersOne group of people which can benefit from using a coworking space is remote workers. Many remote workers work from a home office or their local coffee shop because they enjoy the freedom and the money they save. Businesses employ remote workers because they believe that freedom will result in increased productivity.

Why Are Companies Moving to Coworking Office Spaces? – From Microsoft to Bank of America, major companies have chosen to migrate their workforce into large, collaborative spaces. And there are a couple good reasons why.

Microsoft isn’t alone. As safety protocols ease and the world gradually returns to the office, large corporations (as well as budding startups) are finding that by using coworking spaces, they can save money, develop important connections, and gain access to thriving entrepreneurial communities.

The 6 Benefits of Coworking Spaces

Are you an entrepreneur working from home? Have you considered renting a coworking space? We’ve listed six benefits of the coworking environment.

If you’re starting to consider office space, you’ll soon learn the baggage that comes along with it. Are you ready to sign a fixed-term lease? Install infrastructure? Pay utility bills? A coworking space takes care of all of that, and allows you to rent the space on much shorter, more flexible terms.

Learn More

A coworking space is a place where you can go daily, sit down at a desk, and work among like-minded people in a structured atmosphere. It offers an office-style environment that fosters all the autonomy an entrepreneur could want without any of the politics. If you’re an entrepreneur working from home, have you considered the benefits you could enjoy from the coworking space? Read on as we list six advantages to ditching the couch, or coffee shop, and moving into a coworking space.

9 Benefits Of Coworking Spaces That Help Businesses & Individual

The benefits of coworking are diverse, and sometimes even surprising. Here are the top advantages to using a coworking space in your daily life.

Bring structure to your day – Imagine colorful workspaces draped in office plants, kombucha on tap, and a diverse network of professionals plugged in, hard at work in lounges, hot desks, and kitchen benches. The workday’s new look is best captured in coworking spaces, and the rise of these shared offices in cities and urban centers is showing no signs of slowing. In 2018, the number of coworking spaces in the United States increased by 16 percent, and the number of flexible workspaces outside the U.S. jumped by 36 percent. This growth is expected to continue, with projections showing the number of coworking spaces will rise by 6 percent annually in the U.S. until 2022, and by 13 percent around the world. More than a trend, this phenomena is fueled by—and also helps drive—changes in work culture. Remote work and flexible working are becoming more common as technology advances and the corporate world modernizes. With this, coworking spaces aren’t only the realm of freelancers and entrepreneurs; they’re a thriving ecosystem involving remote enterprise teams, established companies in private offices, budding startups in brainstorming areas, and a variety of creatives and gig economy workers.

What is coworking?

Here’s everything you need to know about coworking spaces and the companies that use them.

  • Location
  • Amenities
  • Budget
  • Privacy
  • Related articles

The history of coworking

Collection overview New workplace solutions Strategies and designs for the future of work View more Coworking is a term used to describe a working arrangement in which people from different teams and companies come together to work in a single shared space. in this story What is coworking space? FD8B74A2-3372-42BA-99CD-BCC6C3C6EA13@1x The history of coworking FD8B74A2-3372-42BA-99CD-BCC6C3C6EA13@1x Advantages of coworking space FD8B74A2-3372-42BA-99CD-BCC6C3C6EA13@1x Disadvantages of coworking space FD8B74A2-3372-42BA-99CD-BCC6C3C6EA13@1x Who uses coworking space? FD8B74A2-3372-42BA-99CD-BCC6C3C6EA13@1x The evolution of coworking space: other methods of coworking FD8B74A2-3372-42BA-99CD-BCC6C3C6EA13@1x Tips on finding coworking space FD8B74A2-3372-42BA-99CD-BCC6C3C6EA13@1x How WeWork can help you find the ideal coworking space for your company FD8B74A2-3372-42BA-99CD-BCC6C3C6EA13@1x The first coworking spaces began appearing in the early 2000s.

Top 5 Benefits of Moving to a Coworking Space

  1. Professional Development and Continued Learning
  2. The Three C’s: Connection + Community + Collaboration
  3. Health
  4. Cost

The future of office space is here, and it’s definitely not the one of the last decade. The rise of coworking spaces like WorkLodge, continue to open new doors for businesses and entrepreneurs. Needs can change quickly, but it looks like coworking spaces are checking all the boxes. Here are the 5 reasons Coworking Spaces are on the Rise:1. Productivity74% of coworkers report being more productive since joining a coworking space64% of coworkers are better able to complete tasks on time68% said they were able to focus better while coworkingBetween the pets, kids, laundry and other household chores, ensuring employees are in an environment to be productive and not distracted is a challenging task with remote workers. Private office & coworking spaces allow members to get more done by providing an environment that removes distractions and increases productivity with an enterprise grade infrastructure, full-equipped meeting rooms, and private, dedicated office environments designed to inspire creativity and collaboration.

In this post we cover some of the most underrated, yet significant benefits of coworking spaces. Find out why so many workers are adopting this trend.

Entrepreneurs face many mental struggles and obstacles. When you work for yourself, it’s not always easy to stay focused and to hold yourself accountable. If you’re already prone to procrastination, and you’ve got a big stack of work to get done, but you’re at home and comfortable at the same computer that you use to browse Facebook and play games, this can be a recipe for disaster.

Corporations are moving quickly to tap into the growing coworking trend. Here’s why adopting coworking spaces could be a good move for your company.

On November 4, 2016, Microsoft announced a “City as a Campus” partnership with the popular WeWork chain of coworking spaces. The partnership entails Microsoft’s marketing and sales teams in New York (approximately 300 employees) working from WeWork offices in two locations.

  • Happier Employees
  • Cool Factor
  • Exposure to Innovative Thinking
  • Real Estate Savings
  • PwC
  • Staples and Workbar
  • Rainmaking Loft and Tryg

Own a startup or work for one? Know what is a coworking space and 9 benefits of coworking spaces that help businesses and individuals grow.

This is why coworking spaces exist – to offer entrepreneurs and their teams to work in a lively environment and a fully-equipped office space without undergoing the hassles of setting up an entire office. These shared spaces aid in operating in one’s business without having to burn money.

  1. In case you are planning to work from a coworking space or thinking of booking one for your team, this article will highlight 9 benefits of coworking spaces that help businesses and individuals grow. Read on to find out how:
  2. Low costs
  3. Considerable boost to productivity, creativity and efficiency
  4. Enforcing discipline
  5. Accountability soars
  6. Forges reliability before clients
  7. Work-life balance is met
  8. New perspectives

I was recently working for a small startup that was operating out of a coworking space and felt no different than working out of a normal office. Better, in fact, as the coworking space was designed in a modern way, keeping in mind young minds, had lovely decor and a wonderful cafeteria and catering service. Most importantly, it was built out of a mall that was left vacant for years, so it served both purposes- utilization of an unoccupied vast space and providing room to several offices to set up their respective businesses.

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A shared space allows a person to move around the workspace to find the best areas for yourself. At different times of the day, your mood might be different and changing spots might improve your productivity. Experimenting with different corners at work, you will find the best spots for yourself. Coworking space is great for people who like to move around while working.

The rise of coworking spaces is a good sign. It means many are opting to work from a professional space but avoid the overheads, are more willing to network and collaborate and many enterprises are now choosing to work from agile coworking space as it offers business space for rent which is cost-effective than holding an actual office space. Coworking space not only offers a place to work but also provides additional benefits which is exclusive for the members of that space. However, before renting office space from a coworking environment, figure out what exactly you are looking for. Distractions will be present but choosing the right set up will ease the journey and not affect the business environment.


Video advice: Coworking vs Corporate Workspaces – A Big Difference with Big Benefits?


[FAQ]

Why is coworking beneficial for new business?

The benefits of coworking add up to something pivotal for the world's workforce. It's an opportunity to reinvent the workplace, giving workers the stability of a traditional work environment, and the flexibility inherent to remote work. It's quickly becoming the new standard.

Why big corporations are moving into coworking spaces?

The reason big companies like Verizon, Bank of America, and IBM are finding coworking spaces is due to cost and culture. Coworking provides a more affordable alternative to giant office campuses (that are seldom used, especially in 2020), allowing flexible payment plans.

How co working spaces can help your business?

They offer more networking options than working from home and can be situated closer to home than the office, thus reducing transportation time and making this time available for work.

Why do companies use WeWork?

Flexibility and Convenience for Employees In the case of companies collaborating with WeWork and other coworking businesses with multiple locations, employees can choose the location in the city that is by other activities for the day, such as errands they need to run after work.

References:

In addition, coworking spaces are designed to offer many different spaces, which are adapted to the needs of flexible work.

“Handbook of the Sharing Economy” by Russell W. Belk, Giana M. Eckhardt, Fleura Bardhi
from Handbook of the Sharing Economy
by Russell W. Belk, Giana M. Eckhardt, Fleura Bardhi
Edward Elgar Publishing,

These coworking spaces typically offer private and semi­protected work spaces, the usual amenities, and communal spaces very specifically designed to facilitate socializing, potentially synergistic exchanges of information, and possible collaborations between creatively­active people working in different domains.

“Encyclopedia of Creativity” by Mark A. Runco, Steven R. Pritzker
from Encyclopedia of Creativity
by Mark A. Runco, Steven R. Pritzker
Elsevier Science, 2011

Indeed, coworking spaces are intermediary places that aim to promote sharing and exchanges, thus creating communities where information and knowledge flow, generating as many opportunities for innovation and creativity (Tremblay and Scaillerez, 2019;

“Encyclopedia of Organizational Knowledge, Administration, and Technology” by Khosrow-Pour D.B.A., Mehdi
from Encyclopedia of Organizational Knowledge, Administration, and Technology
by Khosrow-Pour D.B.A., Mehdi
IGI Global, 2020

But at other times, the coworking space was loud and chaotic, as co-founders jostled over meeting rooms for phone meetings, Skype meetings, and team meetings.

“Startup Accelerators: A Field Guide” by Richard Busulwa, Naomi Birdthistle, Steve Dunn
from Startup Accelerators: A Field Guide
by Richard Busulwa, Naomi Birdthistle, Steve Dunn
Wiley, 2020

Coworking spaces, which allow freelancers and entrepreneurs to pay a monthly fee to rent a desk or small space in a hip office space, have become very popular in recent years.

“Sex Scandal: The Drive to Abolish Male and Female” by Ashley McGuire
from Sex Scandal: The Drive to Abolish Male and Female
by Ashley McGuire
Regnery Publishing, 2017

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